Pioneers Properties For Urban Development - PRE Group (PRDC)

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News

30 November 2025 11:47 AM PRE Group’s consolidated net profits retreat to EGP 663.5m in 9M-25; operating revenues hit EGP 4.7bn

Cairo - Mubasher: Pioneers Properties for Urban Development (PRE Group) reported lower consolidated net profits after tax at EGP 663.46 million in the first nine months (9M) of 2025, compared to EGP 1.47 billion in 9M-24. The earnings per share …

Real estate

28 August 2025 04:47 PM PRE Group logs lower consolidated profits in H1-25; contractual sales near EGP 13.7bn

Riyadh - Mubasher: Pioneers Properties for Urban Development (PRE Group) registered an annual fall in consolidated net profits to EGP 504.22 million during the first half (H1) of 2025, versus EGP 1.33 billion. Earnings per share (EPS) reached EGP …

Real estate

6 April 2025 00:18 PM Pioneers Properties generates higher consolidated profits at EGP 1.2bn in 2024

Cairo – Mubasher: Pioneers Properties for Urban Development achieved consolidated net profits after tax worth EGP 1.26 billion at the end of December 2024, up year-on-year (YoY) from EGP 556.97 million. Earnings per share (EPS) for the holding …

Financial Results

26 November 2024 10:47 AM Pioneers Properties registers EGP 24.2bn contractual sales in 9M-24

Cairo – Mubasher: Pioneers Properties for Urban Development logged higher consolidated net profits at EGP 1.47 billion in the first nine months (9M) of 2024, compared to EGP 238.35 million in 9M-23. Total revenues hit EGP 3.92 billion as of 30 …

Financial Results

10 June 2024 00:28 PM Pioneers Properties’ consolidated profit skyrockets 1,051% YoY in Q1-24

Cairo – Mubasher: The consolidated net profit of Pioneers Properties for Urban Development soared by around 1,051% year-on-year (YoY) to EGP 1.17 billion in the first quarter (Q1) of 2024 from EGP 102.12 million in Q1-23. Consolidated operational …

Financial Results

4 March 2024 04:48 PM Pioneers Properties turns to consolidated profitability in 2023

Cairo – Mubasher: Pioneers Properties for Urban Development shifted towards consolidated profitability during 2023, recording a net profit after tax of EGP 556.97 million, compared to a net loss of EGP 81.08 million in 2022. The company’s …

Real estate

26 February 2024 03:34 PM Pioneers Properties launches 1st phase of EGP 20bn IVOIRE East project

Cairo – Mubasher: Pioneers Properties for Urban Development has launched the first phase of its IVOIRE East project in New Cairo. Located on 438,000 square meters, IVOIRE East has an estimated investment cost of EGP 22 billion, according to a …

Real estate

22 November 2023 11:32 AM Pioneers Properties logs higher consolidated profits in 9M-23; contracted sales exceed EGP 14bn

Cairo – Mubasher: Pioneers Properties for Urban Development achieved EGP 238.35 million in consolidated net profit after tax during the first nine months (9M) of 2023. The recorded net profits were higher year-on-year (YoY) than EGP 159.84 …

Real estate

19 September 2023 00:16 PM PREDCO, Aspire Holding consider establishing mortgage company

Cairo – Mubasher: Pioneers Properties for Urban Development (PREDCO) and Aspire Capital Holding for Financial Investments intend to jointly establish a mortgage finance company, according to separate statements from the two companies. The two …

Real estate

24 August 2023 03:54 PM Pioneers Properties unveils H1-23 financials; standalone losses down

Cairo – Mubasher: The consolidated net profits attributable to the owners of Pioneers Properties for Urban Development grew to EGP 190.10 million in the first half (H1) of 2023 from EGP 72.87 million in H1-22. Operating revenues enlarged …

Financial Results

4 July 2023 00:53 PM Pioneers Properties cuts stake in United Housing to 17.74%

Cairo – Mubasher:  Pioneers Properties for Urban Development has reduced its equity ownership in United Company for Housing and Development to 17.74% from 35.06% in exchange for EGP 235.09 million. Pioneers Properties sold 45.29 million shares in …

Corporate Actions

4 June 2023 08:17 AM Pioneers Properties logs over EGP 102m consolidated profits in Q1-23

Cairo – Mubasher: Pioneers Properties for Urban Development generated EGP 102.12 million in consolidated net profit after tax during the first quarter (Q1) of 2023, an annual hike from EGP 44.49 million, including minority interest. The revenues …

Financial Results

27 April 2023 05:55 PM Pioneers Properties sees EGP 51m block trading deal

Cairo - Mubasher: The Egyptian Exchange (EGX) announced, on 27 April 2023, a block trading deal worth EGP 51 million on the shares of Pioneers Properties for Urban Development. The block deal was executed on 25 million of the company's shares, …

Companies Investments

8 March 2023 02:47 PM Pioneers Properties registers over EGP 217m consolidated profits since incorporation

Cairo – Mubasher: Pioneers Properties for Urban Development logged consolidated net profits after tax of EGP 217.32 million since it commenced operating on 8 September 2021 until 31 December 2022, including minority interest. The EGX-listed firm …

Financial Results

11 December 2022 00:04 PM Shareholder sells EGP 54m worth of shares in Pioneers Properties

Cairo – Mubasher: Shareholder Hossam Mohamed Zaki Ibrahim reduced his ownership in Pioneers Properties for Urban Development to 5.68% from 7.77% for a total value of EGP 54.12 million. The shareholder sold 22 million shares in Pioneers Properties …

Mergers and Acquisitions

17 November 2022 03:26 PM Pioneers Properties’ consolidated profits exceed EGP 458m since inception

Cairo – Mubasher: Pioneers Properties for Urban Development reported consolidated net profits after tax worth EGP 458.25 million, including non-controlling interests, since it started operating on 8 September 2021 until 30 September 2022. The firm …

Real estate

5 June 2022 07:34 PM Pioneers Properties logs EGP 343m consolidated profits since inception

Cairo – Mubasher: Pioneers Properties for Urban Development has reported consolidated net profits after tax worth EGP 342.89 million since it started operating on 8 September 2021 until 31 March 2022. Revenues reached EGP 2.64 billion during the …

Financial Results

22 December 2021 01:26 PM Pioneers Properties cuts stake in El Kahera Housing

Cairo – Mubasher: Pioneers Properties for Urban Development (PRDC) has decreased its stake in El Kahera Housing to 70.002% from 76.45%. Pioneers Properties has sold 5.8 million of its shares in El Kahera Housing in exchange for EGP 197.2 million …

Companies Investments