ArabFinance: Gulf Canadian Real Estate Investment (CCRS) announced that the Egyptian Arab Land Bank (EALB) sold 157,854 shares worth EGP 9.501 million, according to the company’s filing to the Egyptian Exchange on July 4th.
EALB cut his stake to 3.28% from 0.123 %.
The real estate company posted a net loss of EGP 981,085 in 2020, compared to EGP 870.061 in 2019.
The listed company reported a net loss of EGP 674,123 during the first nine months of 2020.
Gulf Canadian specializes in developing and managing real estate assets. Its main activities are related to construction projects in housing, tourism, and urban development sectors, as well as industrial projects and other related fields.