Cairo – Mubasher: The ordinary general meeting (OGM) of Pioneers Holding Company for Financial Investment has approved the proposal of retaining shareholders’ 2017 profits.

The OGM also approved the board of directors’ report and the financial statements of the year ended December 2017, the financial services firm said in a filing to the Egyptian Exchange (EGX) on Sunday.

The board of Pioneers Holding had previously proposed retaining 2017 profits for the next year.

Pioneer Holding last posted profits of EGP 1.14 billion during the full-year 2017, against EGP 1.08 billion in the year before.