The Egyptian Pioneers Holding Company intends to pump 700 million pounds into the capital of Rooya Holding Company in order to accelerate the implementation of the company's real estate projects.
company sources told Finance & Business - Al-Shorouk that Pioneers, the main shareholder in the capital of Ruya Holding with a 60% stake, is seeking to increase its share in the company by pumping 700 million pounds, to reach the capital The company reached 2.7 billion pounds after the recent increase, which is underway.
Businessman Hisham Shoukry contributes 13% of the capital of Ruya Holding Company, and with the completion of the capital increase, the founder's share of Shukri will decline to the company that appointed Mohamed Fahmy as its managing director. According to sources.
The company confirmed in a letter addressed to its clients a week ago that 60% of the total number of housing units had been delivered to the Sunoon Residence project in the Fifth Settlement, which includes 3,692 housing units, confirming the company's endeavor to complete From developing all projects.
and the vision was established in 2007 to include 13 companies whose investments exceed 3 billion dollars, with a working capital estimated at about 2 billion pounds, and with areas of developmentable land of more than 9 million square meters. , Of which 6 million meters are under development and 3 million meters.
and in 2018, Vision Holding obtained a loan of 3 billion pounds from the consortium of the banks, the management of the National Bank of Egypt and Arab African, the Egyptian Gulf, the banking company, the Arab Investment Bank and Channel Bank Suez, and the loan aims to contribute to the investment costs of the projects that the company is developing in the Fifth Settlement, Sokhna, and October.
