First Investment Company witnesses changes in shareholding structure

Updated 9/1/2021 3:49:14 PM

ArabFinance: Derayah Financial has sold 105,282 shares in First Investment Company and Real Estate Development (FIRE) for EGP 484,297, equivalent to EGP 4.60 per share, according to a filing to the Egyptian Exchange (EGX).

As a result, Derayah Financial’s stake in the company has been cut to 9.25% from 10.79%, the filing added.

Meanwhile, shareholder Hossam Hindawy has sold 200,000 shares in First Investment Company for EGP 916,000 or EGP 4.58 per share, cutting his stake in the company to 36.8% from 39.71%, according to a separate filing.