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Al Arabi Investment cuts stake in Mohandes Insurance

Al Arabi Investment cuts stake in Mohandes Insurance
The Egyptian Exchange (Photo credit: Mubasher)
Mohandes Insurance
MOIN
-12.12% 19.97 -2.42

Cairo – Mubasher: Al Arabi Investment Group reduced its ownership in Mohandes Insurance Company from 11.8% to EGP 2.17%.

Al Arabi Investment sold 1.06 million shares from its stake in Mohandes Insurance for EGP 30.8 million, at EGP 29.003 per share, according to a bourse filing.