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Regional Investment reduces stake in Naeem Holding to 14.17%

Regional Investment reduces stake in Naeem Holding to 14.17%
Regional Investment sold 4.02 million shares.
Naeem Holding
NAHO
3.10% 0.13 0.00

Cairo - Mubasher: Regional Investment Holding has lowered its stake in Naeem Holding for Investment’s capital to 14.17% from 15.32%.

Regional Investment sold 4.02 million shares, worth $787,920, at an average price of $0.19 per share, according to a stock exchange statement on Wednesday.

It is worth pointing out that during the first quarter (Q1) of 2022, Naeem Holding incurred losses of $321,900, compared with $1.512 million in the year-ago period.

In the meantime, revenues dropped to $728,870 in the January-March period in 2022, from $937,000 in the same period in 2021.