Cairo – Mubasher: The board of directors of Amer Group Holding Co approved the resignation of Mansour Amer from his position as the Non-Executive Chairman. 

The board also decided to appoint Mohamed El-Mikawi as the new Non-Executive Chairman, succeeding Amer, the company said in a bourse disclosure on Sunday. 

El-Mikawi held several leading positions, including the CEO of Aga Khan Cultural Services, the Managing Director of Al Futtaim Group Real Estate, and most recently the CEO of City Edge Developments.

In the first half (H1) of 2021, Amer Group Holding Co achieved consolidated net profits of EGP 176.02 million, up from EGP 27.6 million In H1-20, including minority shareholders' rights.