Cairo – Mubasher: Egyptians for Housing and Development Co has raised its stake in Odin Investments to 22.24% from 17.52%.

The company has purchased 4.7 million shares at a value of EGP 4.5 apiece, totalling EGP 21.15 million, according to a bourse disclosure on Wednesday.

Previously, Naeem Financial Brokerage said that Yamir Equities Inc exited its 5.25% stake in Odin Investment after selling 4.7 million shares.

It is noteworthy that during 2019, Odin Investments incurred net losses of EGP 1.2 million, against net profits of EGP 2.05 million in 2018.