Prime Holding cuts stake in AT-LEASE

Prime Holding cuts stake in AT-LEASE

ArabFinance: Al Tawfeek Leasing Company - (AT-LEASE) stated that Prime Holding cut its stake in the former's capital from 6.13% to 3.90%, according to the company's August 10th statement filed to the Egyptian Exchange.Prime Holding sold 2,555,000 shares at EGP 2.812 per each, with a total amount of EGP 7,185,108.AT-Lease posted consolidated net profit reached EGP 19,088,108 in Quarter one (Q1) of 2020, a 1.4% increase from EGP 18,822,452 achieved in the corresponding period.Standalone net profit stood at EGP 19,072,452 in Q1 2020, a 1.2% rise from EGP 18,835,532 posted in Q1 2019.AT-LEASE is an Egypt-based financial institution specialized in financial leasing. It is an Islamic Shariaa compliant leasing company, which provides a variety of international leasing solutions and products. The company offers its products under the following categories: financial