Cairo – Mubasher: Pioneers Holding Company said it submitted a disclosure to the Egyptian Exchange (EGX) to direct part of its legal reserves towards raising its capital.
The company will raise its capital by EGP 75 million distributed across 15 million shares and will be allocated to its employee incentives program.
Notably, the company earned EGP 350.17 million in the second quarter of 2016, compared with EGP 322.12 million for the year-ago period.
