GIH announced today that it had sold all its shares in Egypt Real Estate Finance House to Arab African International Bank Cairo for 46 Million Egyptian Pounds (roughly KD2.4 million) and that it would recognize a KD0.2 million profit on the sale in its 1Q10 financials.
Under its restructuring agreement, GIH is to sell "non core" assets essentially abandoning proprietary investments - both equities and real estate.
Here's an earlier story on this transaction with some background information.
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