Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 1 hour, 39 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
Pioneers Holding to list 40% of Rooya stake on Egypt bourse
December 18, 2017
 Print    Send to Friend

CAIRO: Pioneers Holding, one of Egypt’s largest financial services firms, will list 40 per cent of its Rooya Real Estate shares on the Egyptian stock market in the first half of 2018, CEO Walid Zaki told Reuters on Sunday.
 
Egypt’s Pioneers Holding Company for Financial Investments bought 60 per cent of Rooya Real Estate Investment Company’s shares for 1.226 billion Egyptian pounds ($68.92 million) in 2015.
 
Rooya owns 9 million square meters of real estate, with about 6 million of that currently under development. Pioneers Holding subsidiaries are offering a broad range of comprehensive first rate financial services for both retail and institutional investors.
Reuters

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
Egypt’s inflation declines
CAIRO: Egypt’s core inflation fell to 19.86 per cent in December from 25.54 per cent in November, the central bank said. Inflation has climbed since Egypt floated the..
Direct investment inflows to Egypt highest in nearly a decade
CAIRO/DUBAI: Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic about pro..
Egypt business confidence strong
CAIRO: Signs of economic stability and increased capital investment plans in Egypt underpinned strong business confidence during December. In terms of inflation, rate..
Healthcare provider partners with Egypt’s Alameda
ABU DHABI: In a significant development for health care in the region, Emirates Healthcare Group has strategically partnered with Egypt’s Alameda Healthcare Group. Ala..
Egypt posts decline in trade deficit in 2017
CAIRO: Egypt’s 2017 trade deficit fell 26 per cent year on year by $12 billion, the trade ministry said. Imports declined in the first 11 months of 2017 to $51 billion fr..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright