Cairo - Mubasher: Rooya Group for Investment has filed its listing documents to the Egyptian Exchange (EGX), according to a statement on Sunday.
The company aims at offering its stock on EGX, after obtaining the approval of the main shareholder, Pioneers Holding Company for Financial Investment.
Pioneers’ board of directors recently approved the listing of Rooya Group on the Egyptian Exchange (EGX).
Pioneers owns a controlling stake of 60% of Rooya’s shares, which it acquired for EGP 1.2 billion in March 2015.
Royaa, which operates in the fields of real estate and tourism investment, said that the documents are being reviewed before being referred to the listing committee.
The company’s capital amounts to EGP 1.366 billion, with a nominal value of EGP 1 per share.
