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Alinma Investment cuts stake in El Obour Real Estate

Alinma Investment cuts stake in El Obour Real Estate

Arab Finance: Alinma Investment Company reduced its stake in El Obour Company for Real Estate Investment (OBRI) to 0.005% from 5.22%, according to a shareholding disclosure filed to the Egyptian Exchange (EGX) on December 7th.

As per the transaction, Alinma sold 920,000 shares in El Obour for EGP 7.54 million, equivalent to EGP 8.22 per share.

Established in 1994, El Obour operates within the real estate sector, focusing on diversified real estate activities.

 

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