ArabFinance: El Obour Company for Real Estate Investment (OBRI) announced that shareholder Manal Bint Mohamed Bin Ahmed Al Hassan has sold 20,000 shares in the company for an average price of EGP 40 per share, according to a filing to the Egyptian Exchange (EGX).
The transaction has been implemented at a total value of EGP 800,000.
As a result, the shareholder’s stake in the company fell to 14.85% from 15.19%.
Established in 1994, El Ebour operates within the real estate sector, focusing on diversified real estate activities.