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Wednesday, 19 July 2017

Pioneers Holding to list 30% its shares in Rooya Real Estate on EGX

IPO WATCH- Pioneers Holding is set to list 30% of its shares in Rooya Real Estate Investment Company on the EGX in 2H17, board member Khaled El Tayeb tells Reuters. Arab African International Bank was selected to advise on the listing and a local and an international issuance manager will be chosen within weeks, El Tayeb adds. Pioneers currently owns a total of 60% of Rooya’s shares. Rooya CEO Hisham Shoukry had valued the listing at a minimum of EGP 2 bn in November.

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