Egypt - Pioneers Holding (PIOH) decided to retain the shareholders' stake in profit for 2019, according to the company's June 2nd statement filed the Egyptian Exchange.

On June 1st, the ordinary general assembly approved financial results for 2019 and retaining profit.

The extraordinary general assembly ratified allocation of 28.09 million shares for An employee stock ownership plan.

Pioneers Holding used the total capital increase proceeds worth EGP 1.08 billion in raising the capital of its subsidiaries.

Pioneers Holding is an Egypt-based public shareholding company that operates in the financial services and securities brokerage sector. The company is engaged in the provision of comprehensive financial services for both retail and institutional investors, including brokerage services covering public and private sectors in restructuring, mergers, issuing of equity and debt capital, and market research.

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