Cairo – Mubasher: Pioneers Holding Company for Financial Investment announced that it has used most proceeds of the capital raise subscription amounting to EGP 1.08 billion until the end of last June.
The remaining amount of proceeds stands at EGP 3.51 million, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.
A total amount of EGP 990 million was directed to finance the company’s subsidiaries and the capital of these subsidiaries was raised by EGP 357.7 million.
It is worth mentioning that during the first half of 2019, Pioneers Holding posted a net profit of EGP 1.09 billion, compared to EGP 641.1 million in H1-18.
