Egyptian magnate Waleed Zaki’s Pioneers Properties sells $7.6 million in shares in historic Egyptian real estate firm
Pioneers Properties has reduced its stake in United Company for Housing and Development from 35.06 percent to 17.74 percent.
Pioneers Properties has reduced its stake in United Company for Housing and Development from 35.06 percent to 17.74 percent.
The company’s success is due to the devaluation of the Egyptian pound.
Pioneers Properties is a subsidiary of Aspire Capital Holding, an Egyptian diversified group founded in 2007.