Target for Real Estate Investment ups stake in Al Rowad

Updated 10/24/2022 3:37:00 PM

ArabFinance: Target for Real Estate Investment, Development, Agricultural Reclamation, and Tourism Development increased its stake in Rowad Tourism (Al Rowad) (ROTO) for EGP 21.637 million, according to a filing to the Egyptian Exchange (EGX) on Monday.

Target increased its stake in the company to 4.474% from 0.3123%.

The transaction was executed on 720,500 shares at an average value of EGP 30.03 per share.

Rowad is an Egypt-based public shareholding company that operates in the tourism industry.