ArabFinance: Arabia Investments Holding (AIH) stated that Arab Investment Company reduced its stake in the former's capital from 6% to 2.9%, according to the company's August 19th statement filed to the Egyptian Exchange.

Arab Investment sold 42 million shares at EGP 0.447 per each, with a total amount of EGP 18,779,567.

Earlier, AIH announced restructuring Cairo For Development and Cars Manufacturing by settling the latter's debt with Suez Canal Bank.

AIH, formerly Arabia Investments Development Financial Investments Holding Company, is an Egypt-based company that invests in fields such as power, building materials, automotive, and oil and gas.

The company focuses on diversified development, offering infrastructure, construction, and industrial solutions.