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Al Mazaya Holding sells 1.5m shares in First Dubai

Al Mazaya Holding sells 1.5m shares in First Dubai
The company sold its shares for 50.024 fils each
FIRSTDUBAI
FIRSTDUBAI
1.48% 41.10 0.60
MAZAYA
MAZAYA
0.63% 80.50 0.50

Mubasher: Al Mazaya Holding sold around 1.5 million of its shares in First Dubai for Real Estate Development, according to a statement to Boursa Kuwait on Monday.

The company sold its shares for 50.024 fils each, totalling KWD 75,000 ($249,000), during Sunday’s session, the statement added.

Last week, Al Mazaya sold 2,050 of its shares in First Dubai for 50 fils each, totalling KWD 102.5, and sold 349,350 shares for 50 fils each totalling KWD 17,470 in an earlier trade.

Al Mazaya Holding owns 62.08% in First Dubai, while Mezzan Combined for General Trading owns 28.21% of the company.

First Dubai’s capital amounts to KWD 100 million, spread across 1 billion shares at a nominal value of 100 fils each, along with 1.24 million treasury stocks.