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Pioneers Properties reports 21.2B EGP sales in H1 2026
During the first half of 2026, Pioneer Properties for Urban Development achieved contracted sales worth 21.2 billion EGP, compared to 13.7 billion EGP during the same period of the previous year. Its revenues increased to 3.87 billion EGP, while net profit rose to 838 million EGP before minority rights deductions. The company's assets grew to 75.2 billion EGP, and shareholders' equity reached 14.4 billion EGP. Revenue sources include the sale of real estate units, which contributed 48%, along with contracting services at 46%, and rentals at 5%. The company is preparing to launch new projects, particularly in coastal areas, and is working to strengthen its hospitality sector through collaborations with international hotel brands, while continuing to grow its contracting division, which has expanded its business volume to 13.7 billion EGP.
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