Cairo – Mubasher: Delmar for Touristic Development, a 99.9%-owned subsidiary of Amer Group Holding Co, signed a funding agreement worth EGP 450 million with Ahli United Bank.

The loan will finance the establishment of Porto Heliopolis which will cover an area of 27,000 metres, the company said in a bourse disclosure on Thursday.

During the first six months of 2020, Amer Group logged net profits of EGP 27.608 million, up from EGP 25.42 million in the year-ago period, including minority shareholders’ rights.