ArabFinance: Gulf Canadian Real Estate Investment (CCRS) has seen a change in its shareholding structure as shareholder Abdel Azizi Mohamed El Sayed El Sisi sold 80,500 shares in the company, according to a filing to the Egyptian Exchange (EGX).
As a result, the shareholder’s stake in the company has been reduced to 3.716% from 5.326%.
The sale transaction has been implemented at a total value of EGP 2.93 million, equivalent to an average price of EGP 36.49 per share.
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.