Amer Group vice president resigns, new managing director appointed

The Board of Directors of Egypt’s leading property developer Amer Group accepted the resignation of Mohamed El Sayed -vice chairman-, the company announced Wednesday in a statement.

The company also stated that it has appointed Mohamed Salah El-dein Abdel Hakim Amer as managing director to supervise the executive sector for real estate development.

Within the first nine months of 2015, Amer Group has achieved consolidated net profit estimated at 111.38 million pounds versus 168.48 million pounds at the same period of 2014.