ArabFinance: The Egyptian Exchange (EGX) announced block trading on 70.324 million issued shares of Pioneers Holding (PIOH) worth EGP 351.622 million, according to the EGX’s disclosure on August 1st.
Pioneers Holding's extraordinary general meeting approved the company demerger into three companies, one demerging company and two demerged companies.
The listed company posted a consolidated net profit before minority interest of EGP 259.158 million in quarter one of 2021.
Pioneers operates in the financial services and securities brokerage sector. The company is engaged in the provision of comprehensive financial services for both retail and institutional investors, including brokerage services covering public and private sectors in restructuring, mergers, issuing of equity and debt capital, and market research.