Cairo – Direct: WZ Investment for Investment and Trade executed a purchase transaction on the shares of Pioneers Properties for Urban Development for 25.450 million shares.
The disclosure form sent to the Egyptian Exchange (EGX) indicated that the total value of the transaction amounted to approximately EGP 139.975 million, at an average purchase price of EGP 5.50 per share, executed on October 27, 2026, through Aspire Securities and Bonds Brokerage.
The transaction resulted in increasing the shareholder's ownership stake from 21.26% prior to execution to reach 23.69% of the company's capital post-execution.
Meanwhile, the stake of related parties reached approximately 39.04% after execution.
