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Amer Group's subsidiaries to issue securitized bonds of EGP 607M

Amer Group's subsidiaries to issue securitized bonds of EGP 607M

ArabFinance: Amer Group stated that four of its subsidiaries signed agreements with Financial Group for Securitization Company to issue securitized bonds of EGP 607 million, according to a statement released on December 30th.

The bonds consist of 3 tranches received high ratings of AA+, AA and A respectively by Middle East Ratings and Investors Service (MERIS).

Amer Group’s subsidiary, Amer Tourism Development, purchased a land plot of 56 acres in New Minya City at EGP 388 million.

Amer Group is engaged in diversified industry sectors, with its operations being structured into many segments, namely real estate, restaurant, hotel, malls, retail, among others.

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