April 18, 2018 / 7:02 AM / 8 months ago

Egypt's Pioneers Holding to increase capital by 30 pct -CEO

CAIRO, April 18 (Reuters) - Egypt’s Pioneers Holding Company for Financial Investments SAE aims to increase its capital by 30 percent or 1.08 billion Egyptian pounds ($61.23 million), CEO Walid Zaki said on Wednesday.

The company’s capital is currently 3.6 billion Egyptian pounds ($204 million) and is distributed over 708.4 million shares at a nominal value of five pounds per share.

The company’s shares trade on the Egyptian stock exchange market at about 11 pounds.

$1 = 17.6375 Egyptian pounds Reporting by Ehab Farouk; writing by Arwa Gaballa; editing by Jason Neely

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