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 Amer Group’s unit to enter contracts of exchange with two companies

 Amer Group’s unit to enter contracts of exchange with two companies

ArabFinance: The board of directors of Amer Group (AMER) approved conducting contracts of exchange with two companies, according to a statement to the Egyptian Exchange on February 28th.

Accordingly, Amer Group’s unit, Amer Tourism Development, will sign a deal with Delmar for Touristic Development to develop lands in North Cost, while the second deal will be signed with Tropi 2 for Tourism Development to develop lands in Ain Sokhna.

The listed company posted a consolidated net profit of EGP 25.51 million in 2020, lower 54.67% when compared to EGP 56.4 million in 2019.

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.

Other activities include the provision of touristic boats, investment and marketing, and real estate maintenance services. 

 

 

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