Cairo – Mubasher: Amer Group Holding Co announced the appointment of Hassan Elaroussy as the CEO of its subsidiary Porto Club for Sports Investment.

In addition, the company is looking to develop a club at Porto Said project owned by Amer Tourism Development as part its plan to develop several social and sports clubs, according to a bourse disclosure on Tuesday.

Elaroussy held several leading roles, including the sports executive director at Wadi Degla Clubs Company and the sports development director at Six of October Development and Investment (SODIC).

It is worth mentioning that in the first quarter of 2020, Amer Group reported net profits of EGP 10.65 million, versus net losses of EGP 4.55 million in the year-ago period.