{"id":543103,"date":"2022-01-09T13:43:18","date_gmt":"2022-01-09T13:43:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/09\/porto-group-rebrands-to-arab-developers-holding\/"},"modified":"2022-01-09T13:43:18","modified_gmt":"2022-01-09T13:43:18","slug":"porto-group-rebrands-to-arab-developers-holding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/09\/porto-group-rebrands-to-arab-developers-holding\/","title":{"rendered":"Porto Group rebrands to Arab Developers Holding"},"content":{"rendered":"<p><strong>MARKET NEWS-<\/strong><\/p>\n<p><strong>Porto Group is changing its name to Arab Developers Holding<\/strong> after receiving board approval, according to a <a href=\"https:\/\/ent.news\/2022\/1\/porto-group-arab-developers-holding-name.pdf\">bourse disclosure (pdf)<\/a> today.<\/p>\n<p><strong>MARKET ROUNDUP- <\/strong><\/p>\n<p><strong>The EGX30 fell 0.5% at today\u2019s close<\/strong> on turnover of EGP 484 mn (61.3% below the 90-day average). Regional investors were net buyers. The index is up 0.3% YTD.<\/p>\n<p><strong>In the green: <\/strong>Raya Holding (+6.2%), Aspire Capital (+1.0%) and Eastern Company (+1.0%).<\/p>\n<p><strong>In the red: <\/strong>Palm Hills Development (-2.8%), Rameda (-2.7%) and Abu Qir Fertilizers (-2.6%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARKET NEWS- Porto Group is changing its name to Arab Developers Holding after receiving board approval, according to a bourse disclosure (pdf) today. MARKET ROUNDUP- The EGX30 fell 0.5% at today\u2019s close on turnover of EGP 484 mn (61.3% below the 90-day average). Regional investors were net buyers. The index is up 0.3% YTD. In [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[68,633,642,669],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543103","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-porto-group","wpautop","entry"],"acf":{"mongo_id":"82b2dbb2-8502-4b3b-92d0-75fb888e662d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[543095],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Porto Group rebrands to Arab Developers Holding - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/09\/porto-group-rebrands-to-arab-developers-holding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Porto Group rebrands to Arab Developers Holding\" \/>\n<meta property=\"og:description\" content=\"MARKET NEWS- Porto Group is changing its name to Arab Developers Holding after receiving board approval, according to a bourse disclosure (pdf) today. MARKET ROUNDUP- The EGX30 fell 0.5% at today\u2019s close on turnover of EGP 484 mn (61.3% below the 90-day average). Regional investors were net buyers. The index is up 0.3% YTD. 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