Top 50 Listed Companies
In Egypt 2022

47. Pioneers Properties For Urban Development (PREDCO)

Sector: Real Estate & Construction

 CEO and Managing Director: Walid Zaki

Market value: $107 million

Sales: $86 million

Profits: $16 million

Assets: $1.4 billion

PREDCO operates in real estate development, investment, and construction activities. In October 2021, its parent company Pioneers Holding transferred stakes in subsidiaries, including El Kahera Housing, Giza General Contracting, the Real Estate Investment Company, and the United Company for Housing and Development, to Pioneers Properties. In December 2021, PREDCO announced the close of its first bond issuance valued at $34 million.