ArabFinance: Regional Investment Holding has reduced its stake in Naeem Holding (NAHO) to 17.79% from 18.506%, according to a filing to the Egyptian Exchange (EGX).

This came after Regional Investment sold 2.5 million shares in Naeem Holding.

The sale transaction has been implemented at a total value of EGP 595,000, equivalent to an average price of EGP 0.238 per share.

In a separate bourse filing, the company announced that shareholder Youssef Mohamed Medhat El-Far purchased 2.55 million shares in Naeem Holding, raising his stake in the company to 27.52% from 26.79%.

The shares purchase transaction was carried out at a value of EGP 611,780, at an average price of EGP 0.239 per share.

Established in 1997, Naeem Holding is a public shareholding company that operates in the provision of investment banking services within Egypt and abroad.

Copyright 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an as is and as available basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.