Zaki Family Raises Pioneers Properties Stake in EGP 140 Million Deal
Automated summary•28 October 2026 at 08:20
The Zaki family has increased its stake in Pioneers Properties for Urban Development through a share purchase by W Z Investment for Investment and Trade.
A disclosure submitted to the Egyptian Exchange reported that W Z Investment bought 25.45 million shares in the property developer.
The transaction was valued at EGP 140 million, marking an expansion of the family’s investment in the company.
The purchase came amid declining share prices, with the family taking advantage of the downturn to build its holding.
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