Cairo National for Investment to sell its stake in Mohandes Car
Updated 7/14/2020 4:07:00 PM
ArabFinance: Cairo National Company for Investment and Securities (KWIN) decided to sell 190,250 shares which represent 9.15% in Mohanes National Car Service (Mohandes Car), according to the company's July 14th statement filed to the Egyptian Exchange.
The company posted a consolidated net loss of EGP 4,581,591 in Quarter one (Q1) of 2020, a 139% rise from EGP 1,920,369 incurred in Q1 2019.
Nevertheless, it incurred a standalone net loss EGP 3,134,291 in Q1, against EGP 743,569 posted in Q1 2019.
The investment company invests in the start-up business and provides securities exchange related services. Its main purpose is to promote and underwrite securities, participate in the establishment of companies that issue securities, and portfolio management.
