
Pioneers Holding completes shares-based swap with subsidiary stakeholders
The newly issued shares are expected to become tradable within a few weeks, following the completion of regulatory procedures.
The newly issued shares are expected to become tradable within a few weeks, following the completion of regulatory procedures.
EGP 1bn allocated for new company’s expansion, says El-Tayeb
The company seek to gather EGP 1bn from the IPO
The company expects EGP 600m in profits by the end of this year
EGX witnesses some activity in 2015 with Emaar Properties PJSC, Orascom Construction (OC) listings, acquisition of Bisco Misr by Kellog’s
The company plans to issue 170 million shares at EGP 17.63 per share
Reuters – Pioneers Holding plans to use a capital increase to help finance the acquisition of a 60% stake in real estate investment firm Rooya Group, a senior executives said. “The deal will be financed in cash and through a capital increase in Pioneers Holding shares subject to valuation,” said Mohamed Aboulghait, managing director, financial …
Reuters – Egyptian investment firm Pioneers Holding posted a 37% increase in net profits for last year, it said in a bourse statement on Wednesday. Pioneers made EGP 358m ($51m) in 2013 compared with EGP 260.5m in the previous year, it said. The firm, which specialises in brokerage services, said earlier this year it planned …