Cairo – Mubasher: The shareholders of Pioneers Holding Company for Financial Investment approved the reports of the board and auditors, financial statements, as well as the discharge of board members from liability for 2015.
The board of directors agreed on raising the company’s capital by distributing 1-for-4 bonus shares, a source in the company told Mubasher, adding that the next general meeting will consider the board’s proposal, along with the amendment of article no 6 and 7 of the memorandum.
The company’s profits rose 73% year-on-year to EGP802.35 million from EGP463.49.
