Target buys equity in New Ismailia

Updated 12/22/2020 4:27:58 PM

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.