Cairo – Mubasher: Pioneers Holding Company for Financial Investment on Tuesday said that the second phase of its capital increase subscription was oversubscribed 2.56 times.
The subscription was implemented through around 11.4 million shares, the company highlighted in a statement to the Egyptian Exchange (EGX).
Pioneers Holding said last week that the first phase of raising its issued capital was oversubscribed by 98%.
The subscription was carried through 211.65 million shares at a total value of EGP 1.07 billion, or EGP 5.10 per share, that was reimbursed in cash.
