Alinma Investment sells 7.86% stake in El-Obour

Updated 11/17/2022 11:01:00 AM

Arab Finance: Alinma Investment Company reduced its stake in El Obour Company for Real Estate Investment (OBRI) to 13.06% from 20.92%, according to a disclosure by the Egyptian Exchange (EGX) on Thursday.

The transaction was implemented on 1.386 million shares for a total value of EGP 16.367 million.

Established in 1994, El Obour operates within the real estate sector, focusing on diversified real estate activities.