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New Smart Investments acquires 18% stake in Egyptians for Housing

New Smart Investments acquires 18% stake in Egyptians for Housing
The company has purchased 20.62 million shares in Egyptians for Housing
Egyptians for Housing
EHDR
1.48% 0.48 0.01

Cairo - Mubasher: New Smart Investments Industrial and Commercial Company has acquired an 18.17% stake in Egyptians for Housing and Development.

The company has purchased 20.62 million shares in Egyptians for Housing and Development for a total value of EGP 79.6 million at an average price of EGP 3.86 per share, according to a disclosure by Sigma Capital to the Egyptian Exchange (EGX) on Monday.

It is noteworthy to mention that in 2019, the company achieved EGP 29.3 million profits, compared to EGP 22.75 million in 2018.