Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block-trading deal on the shares of Pioneers Holding Company for Financial Investment.

The transaction involved the trading of 28.094 million shares at a value of EGP 28.094 million as part of the employee stock ownership plan (ESOP), the EGX said in a statement on Tuesday.

During 2020, Pioneers Holding achieved net profits of EGP 1.08 billion, down from EGP 1.353 billion a year earlier, including minority shareholders’ rights.