Cairo – Mubasher: Amer Group Holding Co on Thursday announced that its board of directors has decided to voluntarily delist its shares from the Egyptian Exchange (EGX).

The Egyptian real estate firm’s extraordinary general meeting (EGM) will discuss the voluntary delisting and purchase the shares from shareholders opposing the move, the company said in a filing to the EGX.

Amer Group’s capital reaches EGP 1.003 billion distributed over 1.003 billion shares.

For the full-year 2018, Amer Group’s profits reported EGP 74.7 million, against EGP 92.9 million in the prior year, including minority shareholders’ rights.

Meanwhile, the company’s revenues retreated to EGP 1.9 billion last year, from EGP 2.15 billion a year earlier.

By 12:20 pm Cairo time,  Amer Group’s stock fell 4.05% to EGP 0.90.