Arab Finance: Amer Group Holding has approved a restructuring plan for its subsidiary ANC for Tourism Development, formerly Amer for Tourism Development, to prepare it for a temporary listing and trading on the Egyptian Exchange (EGX), as per a disclosure.
Under the plan, Amer Group will partially or fully distribute the retained earnings recorded in its 2025 consolidated financial statements to its shareholders in the form of ANC's bonus shares at book value.
EFG Hermes will act as financial adviser on the restructuring, listing, and spin-off.
The board also authorized ANC’s management to complete the procedures required to temporarily list the company’s shares on the EGX in preparation for trading.
