Pioneers Holding, one of Egypt's largest financial services firms, expects to complete a 2 billion Egyptian pound ($255 million) initial share offering of property developer Rooya Group in the second half of this year.
"We will depend on foreign and Arab investors," Pioneers Chief Executive Walid Zaki told Reuters in an interview, adding requests from abroad had already started coming in.
Pioneers, which also invests in real estate, industry and financial services, acquired 60 percent of Rooya's shares in March 2015 for 1.2 billion pounds.
Comments
Comments are closed.