Cairo – Mubasher: Target for Real Estate Investment, Development, Agricultural Reclamation, and Tourism Development has reduced its stake in Egyptian Transport and Commercial Services Company (Egytrans) to 0.87% from 2.34%.
The real estate developer sold 2.42 million shares in Egytrans for EGP 5.29 million at an average price of EGP 2.18 per share, according to a bourse disclosure.
Sigma Capital Company acted as the broker for this equity reduction transaction.
During the first nine months (9M) of 2021, Egytrans logged consolidated net profits worth EGP 10.84 million, down 10.20% from EGP 12.07 million in 9M-20, according to the unaudited financial results that were disclosed last November.
