ArabFinance: Derayah Financial has sold 193,690 shares in First Investment Company and Real Estate Development (FIRE), cutting its share to 2.80% from 5.62%, according to a filing to the Egyptian Exchange (EGX).
The shares’ sale transaction has been implemented at a total value of EGP 1.031 million, equivalent to an average price of EGP 5.33 per share.
Established in 2008, First Investment Company operates within the real estate sector focusing on diversified real estate activities.