Cairo – Mubasher: Aspire Securities and Bonds Brokerage announced that shareholder Nawaf bin Abdullah bin Ibrahim bin Dayel has acquired an 8.78% stake in the capital of Giza General Contracting and Real Estate Investment, after purchasing a stake from Pioneers Properties for Urban Development.
The company explained in a statement to the Egyptian Exchange today that the ownership transfer transaction included 190 million shares with a total value of EGP 129.2 million, at an average price of EGP 0.68 per share.
It pointed out that the ownership percentage of "Pioneers Properties" decreased following the execution from 58.9% to 50.12%, and the total percentage of the seller and its related group decreased from 61.1% to 52.32%, while the ownership percentage of "Nawaf bin Abdullah" increased from zero to 8.78%.
