Arab Finance: Banader Investment acquired a 1.910% stake in Pioneers Properties for Urban Development (PRE Group) for a total value of EGP 175 million, according to a bourse filing.
The company purchased 20 million shares in PRE Group at an average price of EGP 8.75 per share.
Aspire Securities & Bonds executed the transaction on July 15th, 2026.
In the first quarter (Q1) of 2026, PRE Group registered a 337.73% year-on-year (YoY) higher consolidated net profit of EGP 323.668 million, compared to EGP 73.942 million in the corresponding period of 2025.