Arab Finance: The Financial Regulatory Authority (FRA) has approved starting trading on A Capital Holding’s 902,789,840 shares, a demerged firm from Amer Group Holding (AMER), according to a statement sent to the Egyptian Bourse on May 10^th.

A Capital Holding’s capital amounts to EGP 270.837 million at a nominal value of EGP 0.30 per share.

A total of 902,789,840 shares of Amer Group, the demerging company whose capital amounts to EGP 631.953 million, will be traded on at a nominal value of EGP 0.70 per share.

On December 19^th, the extraordinary general meeting (EGM) of Amer Group approved the horizontal demerger of the company into two companies.

Amer Group is an Egypt-based leading real estate developer engaged in diversified industry sectors, with its operations being structured into many segments, namely real estate, restaurants, hotels, malls, and retail.

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