Cairo – Mubasher: The ordinary general meeting (OGM) of Porto Group Holding approved the appointment of board members for a new three-year term.

The appointed board members are Jamal Fawzy Mohamed Fath Allah as a Non-Executive Chairman and Ayman Mokhtar Ibrahim Khalifa as a Managing Director as well as Hashim Hussein Atta and Mona Mohamed, according to a bourse disclosure on Tuesday.

In addition, Rami Abdel Sattar Tolba and Emad Hafez Ragheb were appointed as independent board members.

Over the course of 2020, Porto Group Holding achieved net profits of EGP 25 million, compared to EGP 104.25 million a year earlier.