Block Trade Transfers PRE Group Shares on Egyptian Exchange

A large-block transaction involving shares in Pioneers Properties for Urban Development, known as PRE Group, was executed on the Egyptian Exchange during Tuesday’s trading session.

The deal was carried out through the exchange’s block-trading mechanism, which is used to execute large share transactions.

The transaction transferred ownership of shares in the property development company. The available information did not identify the buyer or seller.

No details were provided on the number of shares transferred, the value of the deal or the price per share. The size of the stake involved and any effect on the company’s ownership structure therefore remain unclear.