Cairo – Mubasher: Aspire Brokerage for Securities and Bonds stated that shareholder Nawaf bin Abdullah bin Ibrahim bin Dayel has increased his stake in the capital of Pioneers Properties for Urban Development (PRE Group) from 4.8% to 5.29%.
The company explained in a statement to the Egyptian Exchange (EGX) today that the shareholder purchased 5.12 million shares for a total value of EGP 33.64 million, with an average purchase price of EGP 6.57 per share.
It pointed out that the percentage of the shareholder's related groups amounts to 1.105% for Banader Hotels Company, thereby increasing the total percentage of the shareholder and his related group from 5.907% before execution to 6.396% after execution.
