Cairo – Mubasher: Waha Capital for Investments has increased its stake in Cairo for Investment and Real Estate Development (CIRA) to 5.05% from 4.41%.
Waha Capital bought 3.75 million shares in CIRA at a total value of EGP 48.18 million, equivalent to an average price of EGP 12.83 per share, according to a stock exchange filing on Monday.
Arqaam Securities Brokerage acted as a broker in the transaction.
It is worth noting that during the period from September 2021 to May 2022, CIRA logged net profits of EGP 441.06 million, compared to EGP 458.20 million in the year-ago period.
