Amer Group plans to delist from EGX

Amer Group’s board approved a plan to delist the company’s shares from the EGX, the company said in a bourse filing. The decision was taken to allow investors to look for “alternative” options as the company’s revenue structure changes after it shifts most real estate development activities to Porto Group and diversifies its operations. The company will buy the shares of investors objecting to the delisting decision. A general assembly will be held to vote on the decision.