November 19, 2020

Amwaj For Real Estate cuts stake in ODIN Investment


ArabFinance: ODIN Investment stated that Amwaj For Real Estate and Tourism Investment cut its stake in ODIN from 9.90% to 4.56%, according to the company’s statement filed to the Egyptian Exchange.

Amwaj For Real Estate and Tourism Investment sold 4.500 million shares at EGP 33.921 million.

ODIN, formerly known as Egyptians Abroad for Investment and Development Company, aims to attract funds from Egyptians living abroad and invest them in the ongoing development of Egypt, with a focus on the real estate and financial services sectors.

arabfinance


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