Share transfer of Pioneers Properties worth 1.3B EGP

The Egyptian stock exchange witnessed a share transfer transaction in which ownership of Pioneer Properties Development was transferred for approximately 1.338 billion Egyptian pounds. A total of 222,605,322 shares were transferred from Walid Mohamed Zaki to WZ Investment for Investment and Trade. The deal resulted in Walid Mohamed Zaki's stake decreasing from 29.85% to 8.60%, while the latter company acquired 21.26% of the company's capital, with the combined holdings of related groups remaining steady at 37.95%.

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