QNB Financial Services raises stake in First Investment

Updated 9/8/2021 12:49:03 PM

ArabFinance: QNB Financial Services has raised its stake in First Investment Company and Real Estate Development (FIRE) to 15.83% from 12.75% after purchasing 212,515 shares, according to a filing to the Egyptian Exchange (EGX).

The total value of the transaction amounted to EGP 1.06 million, equivalent to EGP 4.99 per share.

The shares’ purchase transaction has been implemented by Financial Brokerage Group (FBG).