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Pioneers Holding sees EGP 702m block-trading deal on Tuesday

Pioneers Holding sees EGP 702m block-trading deal on Tuesday
The transaction involved the trading of 175.6 million shares
Aspire Capital
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Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block-trading deal on the shares of Pioneers Holding Company for Financial Investment.

The transaction involved the trading of 175.6 million shares at a value of EGP 702.41 million, according to a statement on Tuesday.

During the first nine months of 2020, Pioneers Holding Company reported net profits of EGP 867.12 million, down from EGP 1.23 billion in the year-ago period, including minority shareholders’ rights.