January 13, 2022

Shareholder raises stake in National Real Estate Bank

ArabFinance: National Real Estate Bank for Development (NRPD) announced that shareholder Ayman Ibrahim Abdel Moneim El-Nahas has raised his stake in the company to 22.1% from 19.21%, according to a shareholding disclosure filed to the Egyptian Exchange (EGX).

This came after the shareholder has purchased 150,000 shares at a total value of EGP 6.60 million, equivalent to EGP 24.01 per share.

The Cairo-based company undertakes all real estate-related activities, such as contracting, technical and engineering supervision, as well as conducting feasibility studies and engineering designs for itself, and third parties.


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