Cairo – Mubasher: Pioneers Holding Company for Financial Investment announced that the Chairman and Managing Director, Walid Mohamed Zaki Ibrahim, raised his stake to 9.83% from 7.46%.
The transaction involved the purchase of 25 million shares for EGP 141.75 million, averaging EGP 5.67 per share, according to a bourse disclosure on Wednesday.
During the first nine months of 2020, Pioneers Holding Company reported net profits of EGP 867.12 million, down from EGP 1.23 billion in the corresponding period a year earlier, including minority shareholders’ rights.
