Cairo – Mubasher: MubasherTrade International has announced that Target For Real Estate Investment, Development, Agricultural Reclamation, and Tourism Development acquired a 3.25% stake in Dice Sport and Casual Wear.
Target Real Estate bought 8.61 million of Dice’s shares in consideration of EGP 15.96 million, according to a bourse statement released on Tuesday.
Dice’s capital amounts to EGP 53 million divided into 265 million shares.
It is worth noting that the Egypt-listed company’s consolidated financial results showed a 13% year-on-year profit decline during the first half of 2019.
