{"id":630456,"date":"2018-04-22T04:08:42","date_gmt":"2018-04-22T04:08:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/pioneers-holding-plans-to-invest-egp-2-9-bn-this-year\/"},"modified":"2018-04-22T04:08:42","modified_gmt":"2018-04-22T04:08:42","slug":"pioneers-holding-plans-to-invest-egp-2-9-bn-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/pioneers-holding-plans-to-invest-egp-2-9-bn-this-year\/","title":{"rendered":"Pioneers Holding plans to invest EGP 2.9 bn this year"},"content":{"rendered":"

INVESTMENT WATCH- Pioneers Holdings is planning to invest EGP 2.9 bn \u201cin a variety of sectors\u201d this year<\/strong>, according to an EGX disclosure (pdf)<\/a>. The investments will be financed partially through EGP 1.8 bn in divestments, including a partial exit from Rooya Real Estate Investment Company and other ventures. Pioneers had previously announced<\/a> its intention to list 40% of Rooya on the EGX in 1H2018. The remaining EGP 1.1 bn of its investments will be financed through its 30% capital increase<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Pioneers Holdings is planning to invest EGP 2.9 bn \u201cin a variety of sectors\u201d this year, according to an EGX disclosure (pdf). The investments will be financed partially through EGP 1.8 bn in divestments, including a partial exit from Rooya Real Estate Investment Company and other ventures. Pioneers had previously announced its intention […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630456","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6d8c5091-06f4-4bb6-83a7-655fd2b9deff","order":"0","is_powered_by":true,"section_story_id":"a2061a40-aa8a-4b5e-90a8-0d61b932d364","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630441],"teaser":"","voice_url":""},"yoast_head":"\nPioneers Holding plans to invest EGP 2.9 bn this year - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/pioneers-holding-plans-to-invest-egp-2-9-bn-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pioneers Holding plans to invest EGP 2.9 bn this year\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Pioneers Holdings is planning to invest EGP 2.9 bn \u201cin a variety of sectors\u201d this year, according to an EGX disclosure (pdf). 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Arab African International Bank was selected to advise on the listing and a local and an international issuance manager will\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635955,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/pioneers-holding-plans-to-list-40-of-rooya-in-1h2018\/","url_meta":{"origin":630456,"position":1},"title":"Pioneers Holding plans to list 40% of Rooya in 1H2018","author":"enterpriseam admin","date":"18 December 2017","format":false,"excerpt":"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\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650486,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/rooya-to-start-construction-at-egp-300-mn-hadaba-project-to-ipo-in-1h17\/","url_meta":{"origin":630456,"position":2},"title":"Rooya to start construction at EGP 300 mn Hadaba project, to IPO in 1H17","author":"enterpriseam admin","date":"26 March 2017","format":false,"excerpt":"Rooya Real Estate Development is set to IPO in1H17, possibly listing around 30% of its shares, chairman Hisham Shoukri told Al Mal. The company tapped Grant Thornton as financial advisor to prepare the fair value report, while Baker McKenzie is the legal advisor. Pioneers Holding, which holds 60% of Rooya\u2019s\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628519,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/07\/rooya-holdings-is-still-working-on-completing-regulatory-requirements-ahead-of-planned-ipo\/","url_meta":{"origin":630456,"position":3},"title":"Rooya Holdings is still working on completing regulatory requirements ahead of planned IPO","author":"enterpriseam admin","date":"7 May 2018","format":false,"excerpt":"IPO WATCH- Rooya Holding Investments is working on completing the regulatory requirements to move ahead with its planned IPO on the EGX, parent company Pioneers Holding said in a statement to the EGX yesterday (pdf). Reports had emerged last July that Rooya had filed to list 30% of its shares\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567249,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/pioneers-holding-to-invest-egp-3-bn-through-its-subsidiaries-in-2020\/","url_meta":{"origin":630456,"position":4},"title":"Pioneers Holding to invest EGP 3 bn through its subsidiaries in 2020","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"INVESTMENT WATCH- Pioneers Holding plans to invest EGP 3 bn through its subsidiaries by the end of this year, according to the local press. It remains unclear what these investments will be used for. Pioneers had submitted a mandatory tender offer (MTO) for a 90% stake in five of its\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602370,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/26\/pioneers-holdings-net-profit-revenues-rise\/","url_meta":{"origin":630456,"position":5},"title":"Pioneers Holding\u2019s net profit, revenues rise","author":"enterpriseam admin","date":"26 March 2019","format":false,"excerpt":"EARNINGS WATCH- Pioneers Holding\u2019s net profit, revenues rise: Pioneers Holding reported a net profit after minority interest of EGP 1.23 bn in 2018, up from EGP 1.14 bn last year, according to an EGX disclosure. 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