ArabFinance: Target Real Estate Investment purchased 700,000 shares of New Ismailia for Urban Development Company at a total value of EGP 17.71 million, according to a December 22nd disclosure.
The transaction value stood at EGP 25.3028 per share.
Target currently owns 5.4102% stake in New Ismailia, compared to the previous 3.51%.
Beltone acted as the broker for this purchase transaction.
Target recently sold 562,224 shares of the listed firm.