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Prime Holding acquires 10% stake in At Lease

Prime Holding acquires 10% stake in At Lease
Prime Holding purchased about 7.99 million shares
AT Lease
ATLC
-0.49% 4.04 -0.02
Prime Holding
PRMH
-4.13% 2.09 -0.09

Cairo – Mubasher: Pharos Securities announced that Prime Holding purchased a 9.99% stake in Al Tawfeek for Financial Lease (AT Lease).

Prime Holding purchased about 7.99 million shares in a deal worth EGP 28.79 million at a value of EGP 2.6 per share, according to a filing to the Egyptian Exchange (EGX) on Sunday.

In June, Prime Holding’s board of directors approved to present a proposal to buy two subsidiaries of Pharos Holding For Financial Investments.