Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 32 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 consumer inflation rate soars
CAIRO: Egypt’s annual urban consumer inflation rate surged to 14.4 per cent in June as cuts to energy subsidies imposed under an International Monetary Fund (IMF) loan de..
IMF board completes third review on Egypt
CAIRO: The executive board of the International Monetary Fund (IMF) has completed the third review of Egypt’s economic reform programme supported by an arrangement under ..
Cairo continues fiscal reforms under IMF
CAIRO: Egypt is continuing fiscal reforms as per the International Monetary Fund’s (IMF) instructions despite objection from the people. A group of Egyptian lawmakers cri..
Egypt’s purchasing activity continues to expand
Cairo: Business conditions in the Egyptian non-oil private sector declined during May, with marginal declines observed for output and new orders. Meanwhile, purchasing ac..
Drivers brace for Egyptian ride-hailing laws
Cairo: New legislation regulating ride-hailing services in Egypt may have been welcomed by Uber and competitor Careem, but some behind the wheel fear they could be driven..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright