Pioneers Holding to list 30 pct of its Roya stake on Egypt stock market -official

Shutterstock photo

CAIRO, July 18 (Reuters) - Egypt'sPioneers Holding Company
for Financial Investments SAE <PIOH.CA> will list 30 percent of
its Roya Real Estate shares on the Egyptian stock market in the
second half of 2017/18, a board member told Reuters.
    The company has chosen Arab African International Bank as
adviser for the listing, which will include a capital increase
and the sale of small holdings by main shareholders, the board
member added.

 (Reporting by Ehab Farouk; Writing by Arwa Gaballa; Editing by
David Goodman)
 ((arwa.gaballa@thomsonreuters.com; +20 2 2578 3290;))


This article appears in: US Markets , Stocks , IPOs

More from Reuters


See headlines for PIOH

Research Brokers before you trade

Want to trade FX?