Pioneers Holding Company For Financial Investments (CASE:PIOH) acquired an additional 13.33% stake in El Kahera Housing (CASE:ELKA) from Al Wadi Consultants for approximately EGP 170 million on December 20, 2020. As per terms, Pioneers Holding Company For Financial Investments acquired 12 million shares at EGP 14.5 per share. As a result of this, Pioneers Holding Company For Financial Investments increased its stake in El Kahera Housing from 63.12% to 76.45%. Pioneers Securities acted as a broker in the transaction.

Pioneers Holding Company For Financial Investments (CASE:PIOH) completed the acquisition of an additional 13.33% stake in El Kahera Housing (CASE:ELKA) from Al Wadi Consultants on December 20, 2020.