QNB Financial Services sells EGP 824.1M stake in First Investment Company

Updated 8/30/2022 3:21:00 PM

Arab Finance: QNB Financial Services sold 229,336 shares in First Investment Company and Real Estate Development (FIRE) for EGP 824.119 million, according to a disclosure posted on Tuesday on the Egyptian Exchange (EGX).

Accordingly, QNB Financial Services’ stake in the company will be decreased to 12.4272% from 15.763%.

Established in 2008, First Investment Company operates within the real estate sector focusing on diversified real estate activities.

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