Derayah Financial cuts stake in Egyptian Investment and Urban Development

Updated 12/16/2021 2:53:00 PM

ArabFinance: Derayah Financial has sold 26,000 shares in Egyptians for Investment and Urban Development (EIUD), according to a shareholding disclosure filed to the Egyptian Exchange (EGX).

Accordingly, Derayah’s stake in Egyptian Investment and Urban Development fell to 9.98% from 10.03%.

The transaction has been executed at a total value of EGP 163,805, equivalent to an average price of EGP 6.30 per share.