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Transfer of Pioneers Properties shares worth 1.3B
The Egyptian stock exchange witnessed a share transfer transaction worth approximately 1.338 billion Egyptian pounds involving "Pioneers Properties for Urban Development." In this transaction, 222.6 million shares were transferred from Waheed Mohamed Zaki to WZ Investment for Investment and Trade. As a result, Waheed Mohamed Zaki's stake decreased from 29.85% to 8.60%, while WZ Investment acquired a 21.26% stake in the company’s capital. The percentage held by groups related to the company remained stable at 37.95% after the transaction.
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