Cairo - Mubasher: Porto Group Holding Co. said its board of directors gave the go-ahead to complete the studies regarding issuing securitization up to a maximum of EGP 300 million ($38.3 million).
Last October, Amer Group Holding split into two companies namely Amer Group Holding, becoming the demerging entity and Porto Group Holding as the demerged entity.
Both companies started trading on EGX on 21 October.
Porto Group is capitalised on EGP 455.9 million, distributed across EGP 4.5 billion shares at EGP 0.10 par value each.
