ArabFinance: Grand Capital for Financial Investments (GRCA) has witnessed a change in its shareholding structure as shareholder Amir Abdel Wahab Khedr sold 140,000 shares in the company for an average price of EGP 11.977 per share, according to a filing to the Egyptian Exchange (EGX).
As a result, the shareholder’s stake in the company has been cut to 3.423% from 5.217%, the filing added.
The total value of the shares’ sale transaction amounted to EGP 1.67 million.
The transaction has been executed by Grand Investment for Securities Brokerage.
Established in 2007, Grand Capital provides direct investments in the financial services sector.