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Amer Group names Muhammad Rifat CEO

Amer Group names Muhammad Rifat CEO

ArabFinanceAmer Group (AMER) assigned Muhammad Rifat as CEO and managing director of the company, according to the board of directors’ resolution on April 22nd.

The listed company plans to establish a mixed-use project in Minya.

The new project will be built over three phases and will comprise 2,500 residential units, in addition to commercial and entertainment facilities.

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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04 Oct 2021
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