Pioneers Properties for Urban Development
EEGX:PRDC6.22
EGP
-0.24
(-3.72%)
ISIN
EGS21FW1C015
Return %
Stock
S&P 500
1Y
43.98
14.20
3Y
240.64
81.12
5Y
116.72
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Waleed Mohamed Zaki Ibrahim
- Sector
- Finance
- Industry
- Real estate development
- Address
- New Cairo Egypt
- IPO Date
- Oct 10, 2021
- Similar Companies
- Business
- Pioneers Properties for Urban Development (EGX: PRDC) is an Egypt-based holding company engaged in real estate investment, urban master planning, infrastructure contracting, and property management services. Founded in 2021 and headquartered in New Cairo, Egypt, the company operates as a vertically integrated real estate conglomerate developing residential, commercial, administrative, mixed-use, and coastal resort communities across Greater Cairo, the Mediterranean North Coast, and the Red Sea. The company conducts its operations through several prominent real estate and construction subsidiaries, including PRE Developments, Roya Holding, Giza General Contracting and Real Estate Investment Co., El Kahera Housing and Development Co. (Cairo Housing), United Company for Housing and Development, and Elsaeed Contracting and Real Estate Investment Co. The company's core products, project categories, and services comprise: master-planned residential communities and integrated gated compounds; standalone villas, twin houses, townhouses, penthouses, and luxury apartments; commercial retail centers, shopping malls, and lifestyle destinations; administrative office buildings, corporate parks, and business complexes; coastal second homes, waterfront chalets, and hospitality accommodations; general contracting, civil engineering, and infrastructure construction; architectural design and master site planning; property marketing, sales, and leasing brokerage; and comprehensive facility, asset, and property management services. Flagship developments and project brands managed under its umbrella include: IVOIRE East and IVOIRE Sheikh Zayed; The Brooks in New Cairo; Stone Park, Stone Residence, and Stone Street in New Cairo; Hadaba in 6th of October City; Jebal El Sokhna in Ain Sokhna; and the Telal brand portfolio, including Telal North Coast, Telal East, and Telal Shores. In terms of latest major company changes and strategic developments, Pioneers Properties for Urban Development was established and publicly listed on the Egyptian Exchange following the comprehensive corporate demerger and reorganization of Pioneers Holding into three specialized independent entities. In recent operations, the company significantly expanded its development footprint through the launch of major large-scale developments, including the IVOIRE East project in New Cairo, designed to accommodate over 1,000 households with substantial multi-billion Egyptian pound capital investment commitments, alongside continued expansion across its IVOIRE Sheikh Zayed and Telal branded coastal and urban assets. The group has delivered record contractual sales performance, implemented active corporate share repurchase programs to optimize capital structure, and strengthened operational integration across its general contracting and housing subsidiaries to streamline construction execution, manage supply chain dynamics, and accelerate delivery across its nationwide land bank.