ArabFinance: Derayah Financial has purchased 23,000 shares in Egyptians for Investment and Urban Development (EIUD), according to a shareholding disclosure filed to the Egyptian Exchange (EGX).

Accordingly, Derayah’s stake in Egyptian Investment and Urban Development rose to 10.041% from 9.995%.

The transaction has been executed at a total value of EGP 109,625, equivalent to an average price of EGP 4.766 per share.