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Pioneers Holding calls general assembly to review acquisition offers

Pioneers Holding calls general assembly to review acquisition offers

ArabFinance: Pioneers Holding (PIOH) called for holding ordinary and extraordinary general meetings on April 18th to review submitting purchasing offers to acquire 5 of listed companies and capital increase.

The OGM will review submitting the offers and the fair value study as well as the swap price of the deals.

In terms of swapping, the EGM will discuss increase the capital increase issuing shares at a maximum of 287,588,400 shares.

The board of directors of Pioneers Holding ratified to proceed with raising its shareholding in five of its subsidiaries to 90% through stock swap transactions.

Pioneers Holding Company for Financial Investment SAE was established in 2007 and listed in 2008, commonly known as Pioneers Holding.
PIOH operates within the Diversified Financials sector focusing on Investment Banking and Brokerage.

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