ArabFinance: Regional Investment Holding has reduced its stake in Naeem Holding (NAHO) to 17.79% from 18.506%, according to a filing to the Egyptian Exchange (EGX).
This came after Regional Investment sold 2.5 million shares in Naeem Holding.
The sale transaction has been implemented at a total value of EGP 595,000, equivalent to an average price of EGP 0.238 per share.
In a separate bourse filing, the company announced that shareholder Youssef Mohamed Medhat El-Far purchased 2.55 million shares in Naeem Holding, raising his stake in the company to 27.52% from 26.79%.
The shares’ purchase transaction was carried out at a value of EGP 611,780, at an average price of EGP 0.239 per share.
Established in 1997, Naeem Holding is a public shareholding company that operates in the provision of investment banking services within Egypt and abroad.