Cairo – Mubasher: The Egyptian Exchange (EGX) executed a block trading deal on the shares of Pioneers Holding Company for Financial Investment at a value of EGP 22.5 million.
The transaction involved 6 million shares at a price of 3.75 apiece, the EGX said in a statement on Monday.
It is noteworthy that the company submitted a disclosure form to the Financial Regulatory Authority (FRA) on Sunday to increase its issued capital through the issuance of up to 287.58 million shares.
During the January-September period of 2019, Pioneers Holding reported net profits of EGP 1.23 billion, up from EGP 821.6 million in the year-ago period, including minority shareholders’ rights.
