Latest in Tag: Amer Group Highlight
Latest in Tag: Amer Group
Hermes concludes 1st issuance of Amer Group, Porto, Qasatli securitisation programme
EFG Hermes announced, on Tuesday, that the first issuance of a securitisation programme worth a total of EGP 6.5bn for Amer Group, Porto Group, and Qasatli, has been successfully concluded. The financial services company acted as sole arranger and financial advisor on the EGP 700m issuance, which was covered more than one time. It is …
Amer Group, NUCA sign Porto Minya project purchasing contract
Amer for Touristic Development has signed a contract with the New Urban Communities Authority (NUCA) to purchase a 56feddan plot of land in New Minya,on which thePorto Minya development will be constructed.
Amer Group to issue EGP 1.25bn in securitisation bonds next month
The sources added that the company is currently finalising documents with the Financial Regulatory Authority (FRA) that are required to issue the bonds.
Amer Group subsidiary to develop land plot at New Capital
The 1,000 feddan plot of land was allocated to Giza Tourism Development Company, with the subsidiary company to play the role of real estate developer to the project rather than its owner. The project represents good investment feasibility and enjoys interest from the government.
Sarwa Capital, Amer Group to conduct their sukuk offerings before 2020 end
Amer Group has decided to hold off announcing the value due to the prevailing pessimistic outlook of a second wave of the novel coronavirus (COVID-19). This is expected to result in a decline in the interest rate, which raises some concerns.
Telecom Egypt provides communication services for Amer Group, Porto Group projects
The agreements were signed by Adel Hamed, managing director and CEO of Telecom Egypt, Hisham Arafat, chairperson of Amer Group, and Mohamed El Sayed, chairperson of the Porto Group.
Fears of traffic stagnation push authorities to temporarily suspend Porto Heliopolis
Amer Group has submitted the requested traffic study on the project to the competent authority, and is awaiting for its review to complete the project which is expected to be delivered within five years.
Amer Group to launch Porto Port Said with investments over EGP 4bn: Amer
Project will be finished within three years, says Amer
Amer Group to launch EGP 3bn Porto Port Said across 90 feddans
Project will include international hotel with 4,000-room capacity
Amer Group reports 50% decline in 2017 consolidated profits on lower revenues
Company net profit stands at EGP 92.9m versus EGP 184.4m in 2016
Amer Group restructures restaurants to keep up with consequences of pound flotationÂ
Company begins establishment of residential project comprising 23,000 units near Porto MarinaÂ
Porto Group launches âMoney Back Portoâ programme to finance real estate project
Real estate unit prices range from EGP 450,000 to EGP 5.5m, says company source
Amer Group to open Porto Sharm Hotel in December
Amer group will be managing the hotel during the first phase of the operations, until the hotel is assigned to an international company specialised in hotel management
Amer Group, Porto Group witness an increase in revenue
Porto Group achieves consolidated revenue of EGP 191m, while AMER Group achieves revenue of EGP 544m in Q1 2016
Companies compete with prizes, offers to attract clients at Cityscape
More than 60 large companies presented their real estate products on the first day of the Cityscape exhibition.
Porto Group records EGP 996m revenues in 2015
The group registered sales of EGP 2.4bn and net profit of EGP 37m in 2015
Amer Group, Porto Group sign agreement to develop 4 projects
Amer Group will acquire a share of revenues ranging between 20%-40% of the four projects
Amer Groupâs net profits in 9 months decline to EGP 111m
Splitting up the group, paying back securitisation deal main/temporary reasons behind decline in profits, says Investor Relations Manager
Amer Group awaits issuance of land for Cairo Capital
Amer called on CBE to fix dollar price
Trading on Amer Group, Porto Group stocks kicks off Thursday
Amer Group offers lands, while Porto Group will act as the real estate developerÂ
Amer Group obtains establishment licence for Porto Group
Under Holding Companies Law, licensing is based on being a company operating in securities Â
Amer Group establishes company in Dubai to handle projects: Investor relations manager
Companyâs capital stands at AED 1,000, divided into 10 shares with a value of AED 100 per share
Amer Group, international tourism companies coordinate to promote investment
Porto Matruh project built on 338,985 sqm, of which buildings ratio amounts to around 20%, while landscape and roads are about 80%
Amer Group net profits jump to EGP 16m in Q1 2015
82% of group’s revenues were from real estate sector
Amer Group launches 3 schools, hospital across Egypt
Amer allocates EGP 5bn to increase investments in 2015
Amer Group signs contract with Saudi Othaim Holding
The move coincides with decision to divide company into Amer Group and Porto Group
Amer Group sees EGP 1.28bn in block trading deal
876m shares were sold in Thursdayâs block trading deal at EGP 1.47 per share
EFG Hermes: Egyptâs economy will grow 3.5% in 2013
The acceptance of Egyptâs pending IMF loan will have a positive effect on the economy and there will be an increase in tourism and FDI throughout the year, says EFG
Amer Groupâs profits slump in first half
Amer Group made EGP 126.79 million net profits during the first half of 2012, a 37.1 percent decline compared to EGP 201.435 million in the same period last year. Riad Refaat, Investors Relations Manager at the company, explained that the decline in profits is understandable given the current economic circumstances, particularly in the real estate …