Rana Mamdouh_ Pioneers Properties for Urban Development – PRE Group announced that the Saudi businessman Nawaf bin Abdullah bin Ibrahim bin Dayel has raised his stake in the company's capital from 4.802% to 5.291%.
PRE Group stated in its disclosure sent to the Egyptian Exchange (EGX) today that Nawaf bin Abdullah bin Dayel purchased 5.120 million shares of the company for EGP 33.638 million.
The average purchase price reached EGP 6.57 per share, and Aspire Securities Brokerage acted as the executing broker for the transaction.
The percentage of stakes of the groups related to the shareholder was recorded as follows: 1.105% for Banader Hotels Company, bringing the total stake of the buyer and its related parties after the execution of the transaction to 6.396% compared to 5.907% prior to execution.
It is worth noting that Waleed Zaki, CEO and Managing Director of Pioneers Properties for Urban Development – PRE Group, and his related parties hold the largest stake in the company's ownership structure at 37.95%, followed by Abdul Kader Al-Muhaidib & Sons Company at 12%.
Additionally, Taha Ibrahim Mustafa Al-Talbani holds a stake of 10.16%, followed by Hisham Ali Shukri Hafez – Arab African International Bank with 7.13%, according to the latest disclosure of the shareholder structure issued this October.
