Biography Of Waleed Zaki (Net Worth , Age , Wife)

Biography Of Waleed Zaki (Net Worth , Age , Wife) – Pioneers Properties for Urban Development (Pioneers Properties), an Egyptian real estate developer founded by Egyptian billionaire Waleed Zaki, has completed a securitized bond offering for EGP425 million ($22.4 million) as part of its EGP3 billion ($158.3 million) bond program.

Pioneers Properties is a subsidiary of Aspire Capital Holding, a Zaki-founded Egyptian diversified conglomerate operating in investment banking, real estate, and industrial.

EFG Hermes, an Egyptian investment banking firm, was the issuance’s sole financial adviser, transaction manager, book-runner, underwriter, and arranger.

The recently concluded bond sale is the second tranche of Pioneers Properties’ EGP3 billion ($158.3 million) bond program, and it is backed by a receivables portfolio entrusted to EFG Hermes Holding’s Financial Group for Securitization as the issuance’s special purpose vehicle.

The net proceeds from the bond offering, according to Waleed Zaki, chairperson and CEO of Pioneers Properties for Urban Development, would be utilized to support the company’s operations and capacities as part of its attempts to grow market share in the Egyptian real estate industry.

“The second issuance for Pioneers Properties for Urban Development’s affiliates is an important step in our strategy to continue expanding our operational footprint and client base, as we seek diversified funding solutions that strengthen our capacities and enable us to capture a larger share of the rising demand in the Egyptian real estate landscape,” he said.

Zaki, the founder and chairman of Aspire Capital Holding (formerly Pioneers Holding Company), has played a key role in the company’s development into Middle Eastern financial markets such as the UAE and Saudi Arabia.

The business established a successful acquisition strategy under his guidance, resulting in the purchase of three companies with active activities in asset management, institutional brokerage, and investment banking.

In 2011, he also supervised a strategic expansion drive that enhanced Aspire’s position as the region’s premier investment group by purchasing large shares in six publicly traded firms involved in real estate development, construction, manufacturing, and the food sector.