Cairo - Mubasher: Mubasher for Securities and Bonds said that shareholder, Taher Mohamed Abbas Abdelmoeti El Assal, has sold his entire stake in National Real Estate Bank for Development (NRPD), totalling 3.97%.
Hence, the shareholder sold 206,795 shares for a total value of EGP 4.51 million or an average price of EGP 21.85 per share, according to a recent bourse disclosure.
The shares were sold to Hesham Ibrahim Abdelmoniem El Nahas, whose current ownership in NRPD stands at 5.91%.
In a separate filing, Mubasher for Securities announced that shareholder Rany Mohamed Mohamed Hassan El Balony sold his entire stake, amounting to 4.99% or 260,000 shares, in NRPD for EGP 5.68 million or an average price of EGP 21.85 per share.
The shares were sold to Haitham Ibrahim Abdelmoniem El Nahas, who currently owns a stake of 4.99% in NRPD.
It is worth noting that in the first half (H1) of 2020, the net losses of the EGX-listed firm widened to EGP 4.36 million, compared to EGP 1.51 million in the year-ago period.
