Cairo - Mubasher: Alinma Investment Co has cut its stake in El-Ebour Co. for Real Estate Investment to 9.30% from 10.27% for a total value of EGP 1.59 million.

Alinma has sold 169,599 shares in El-Ebour Real Estate at a share price averaging EGP 9.42, according to a stock exchange statement on Monday.

Mubasher Trade acted as a broker in the transaction.

It is worth noting that during the first nine months (9M) of 2022, El-Ebour for Real Estate achieved EGP 4.04 million in net profits, compared to EGP 831,140 in the year-ago period.

Revenues for 9M-22 hit EGP 62.95 million, a surge from EGP 46.63 million in 9M-21.