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Naeem Holding shares see $20.6m deal

Naeem Holding shares see $20.6m deal
The deal was carried out on 27.44 million share
Naeem Holding
NAHO
-0.70% 0.14 -0.00

Cairo - Mubasher: The Egyptian Exchange (EGX) announced the implementation of a deal through the mechanism for large volume transactions on the shares of Naeem Holding for Investment at a total value of $20.58 million.

The deal was carried out on 27.44 million shares at $0.75 per share, while the remaining shares will be transferred to treasury shares.

It is noteworthy to mention that during the first quarter (Q1) of 2020, the company turned to net losses of $1.50 million, against net profits of $1.32 million in the year-ago period.