Porto Group decides to rebrand, participate in establishing new company

Porto Group Holding will be rebranding its name after the Board of Directors approved the decision.

The company stated Sunday that this comes in line with its future plans and aspirations for growth and development in preparation for submitting the new proposal to the extraordinary general assembly for approval.

The Board also approved the establishment of a new company, whose name will be identified later, in conjunction with Prime Egypt Group, the Emirati Asmak Group, Gamal Fawzy Mohamed Fathallah, Ayman bin Mukhtar bin Ibrahim Khalifa and other shareholders.

It noted that the company’s activity will be business development, project management and investments.

Porto Group operates within the real estate sector, focusing on diversified real estate activities. It has subsidiaries operating across Egypt, Syria and the British Virgin Islands.