Target cuts stake in Dice to 9.2%

Target Real Estate Investment sold 4,392,709 shares in Dice Sport and Casual Wear at a total value of EGP 7,626,365, according to a January 4^th disclosure.

The average price of the deal stood at EGP 1.7361 per share.

Target currently owns 9.2024% stake in Dice, compared with the previous 10.0312%.

Beltone acted as the broker for this purchase transaction.

The Egyptian Saudi Insurance House recently decreased its equity from 10% to 6.92% in the listed firm.

Dice is an Egypt-based company engaged in the casual wear garments and textile industry.

The company manufactures and distributes ready-made casual wear made of pure and mixed cotton, polyester, and viscose fabrics in different types, as well as other knitting products.