Amer Group Holding said on Thursday, in a statement to the stock market, that three of its subsidiaries have signed an assignment for the issuance of securitization bonds contracts worth EGP 201 million.
Amer had posted a surge by 1064% in consolidated net profit for the first nine months of FY14 to EGP 216.96 million, compared with EGP 18.63 million net profit in the same period a year earlier.
Amer said earlier this week it won approval to start building the $989.40 million Porto Dead Sea resort in Jordan over a period of seven years.
"We received approval for the general plan of the (Porto Dead Sea) project, in addition to building permits for the first phase of beach only," the company said.
The project includes four five-star hotels, three malls and a health and spa centre.