GTN Middle East sells 2.48% stake in El Wadi

Updated 8/10/2022 3:34:00 PM

Arab Finance: GTN Middle East Financial Services DIFC has sold a 2.48% stake, or 4.515 million shares, in El Wadi for International and Investment Development (ELWA) for EGP 2.10 million, according to a shareholding disclosure on August 10th.

Therefore, GTN’s ownership in El Wadi fell to 8.45% from 10.93%.

focuses on the establishment and operation of hotels, motels, hotel apartments, gymnasiums, and sauna facilities.