Al Muhaidib Group acquired additional 13.98% stake of Pioneers Holding Company For Financial Investments (CASE:PIOH) from Al Muhaidib Holding Company for approximately EGP 590 million on December 29, 2020. Under the transaction, Al Muhaidib purchased 147.5 million shares. As a result of the transaction, Al Muhaidib holds 14.38% stake in Pioneers Holding. Al Muhaidib Holding sold its entire stake in Pioneers. Al Muhaidib Group completed the acquisition of additional 13.98% stake of Pioneers Holding Company For Financial Investments (CASE:PIOH) from Al Muhaidib Holding Company on December 29, 2020.