IPO WATCH- Pioneers Holding plans to list 40% of its subsidiary Rooya Real Estate Investment Company on the EGX in 1H2018, Pioneers CEO Walid Zaki told Reuters on Sunday. Last we heard of this IPO was back in July, when reports emerged that Rooya had filed to list. It had also been reported that the firm had tapped Helmy and AAIB as advisors. Pioneers Holding had bought a 60% stake in Rooya back in 2015 for EGP 1.2 bn. The developer has a 9 mn sqm land bank, with about 6 mn of that currently under development, the newswire says.

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