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.