Pioneers Holding Company for Financial Investments SAE is an Egypt-based public shareholding company that operates in the financial services and securities brokerage sector. The Company is engaged in the provision of comprehensive financial services for both retail and institutional investors, including brokerage services covering public and private sectors in restructuring, mergers, issuing of equity and debt capital, and market research. It also provides portfolio management services and financial investment consulting and updates. It offers its services through 34 offices across the Middle East and North Africa region. The Company’s subsidiaries primarily operate in the financial services, foreign exchange and securities brokerage sectors. As of December 31, 2011, the Company’s subsidiaries included, among others, Prizma Securities, Pioneers Brokerage and Cairo Housing and Development.