Al Wadi Consultants acquired additional 5.1% stake of Electro Cable Egypt (CASE:ELEC) from Pioneers Holding Co. (CASE:PIOH) on December 31, 2018. Al Wadi Consultants acquired 36 million shares of Electro Cable Egypt in the transaction. As the result of the transaction, Pioneers Holding Co. holds 6.25% stake and Al Wadi Consultants holds 7.61% stake in Electro Cable Egypt.

Al Wadi Consultants completed the acquisition of additional 5.1% stake of Electro Cable Egypt (CASE:ELEC) from Pioneers Holding Co. (CASE:PIOH) on December 31, 2018.