First Investment Company sees changes in shareholding structure

Updated 9/5/2021 3:25:34 PM

ArabFinance: First Investment Company and Real Estate Development (FIRE) has witnessed a change in its shareholding structure as shareholder Hossam Hindawy has sold 75,000 shares in the company for EGP 370,125 or EGP 4.935 per share, according to a filing to the Egyptian Exchange (EGX).

As a result, the shareholder has reduced his stake in the company to 35.35% from 36.44%, the filing added.

It is worth noting that shareholder Hossam Hindawy last week 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%.