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Egypt’s FRA suspends Thursday trades of Amer Group, Porto Group

Egypt’s FRA suspends Thursday trades of Amer Group, Porto Group
Amer Group revealed that its board of directors had decided to voluntarily delist its shares from the EGX.
Amer Group
AMER
-5.33% 0.94 -0.05
ARAB Developers Holding
ARAB
-0.42% 2.38 -0.01

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) on Sunday said it has cancelled all trades made on Amer Group Holding and Porto Group last Thursday.

Last Thursday, Amer Group revealed that its board of directors had decided to voluntarily delist its shares from the Egyptian Exchange (EGX).

The Egyptian real estate firm added that its extraordinary general meeting (EGM) would discuss the voluntary delisting and purchase the shares from shareholders opposing the move.