ArabFinance: The board of directors of Amer Group Holding (AMER) approved appointing Mohamed El-Mikawi as the new Non-Executive Chairman, succeeding Mansour Amer, the company announced in a statement to the Egyptian Exchange (EGX).

Mikawi joins the firm after almost two years serving as the CEO of real estate developer City Edge.

During the first nine months of 2021, the group achieved a consolidated net profit of EGP 95.56 million, compared to EGP 12.63 million in the corresponding period of 2020.

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.