September 30, 2021

Faisal Islamic Bank Egypt cuts stake in Incolease


ArabFinance: Faisal Islamic Bank of Egypt (FAIT) has sold 200,000 shares in International Company for Leasing (Incolease) (ICLE) for an average price of EGP 38 per share, according to a filing to the Egyptian Exchange (EGX).

As a result, the bank’s stake in Incolease fell to 8.99% from 9.99%.

The total value of the transaction amounts to EGP 7.60 million.

Faisal Islamic Bank of Egypt is a financial institution that offers banking and investment services in accordance to Islamic Sharia principles through its head office and 27 branches located across the country.

arabfinance


Categories : islamic finance

Finance & Economy

Egyptians for Housing’s H1 consolidated profit hikes 77.5% YoY

2022-08-12 11:00:00

Arab Finance: Egyptians for Housing and Development Company (EHDR) consolidated net profit attributable to the parent company of"...
Read More

Naeem Holding turns to profitability in ...
August 12, 2022
GrubTech, Geidea team up to provide e-pa...
August 12, 2022

Latest News



islamic finance

KFH general assembly approves acquisitio...
July 26, 2022
ADIB ups stake in consumer finance unit
July 6, 2022
Faisal Islamic Bank of Egypt reports 6.4...
June 13, 2022