Cairo – Mubasher: Sol Global Holding owned by Mansour Amer sold nearly its entire stake in Porto Group Holding.

The transaction included the sale of 50.15 million shares or 5% of the company’s share capital for a value of EGP 28.136 million, according to a bourse statement on Tuesday.

Accordingly, Amer currently holds a 0.75% stake in Porto Group Holding.

It is noteworthy to mention that Amer stepped down from his position as the company’s chairman three years ago.

During the first nine months of 2019, Porto Group Holding reported net profits of EGP 91.3 million, compared to EGP 115.8 million in the year-ago period, including minority shareholders’ rights.