Egypt-based property developer Amer Group said its board decided to voluntarily delist the company’s shares from the Egyptian Stock Exchange (EGX), Invest-Gate reports.

The decision was taken to enable investors to search for alternative investment options since the company’s revenue structure changed after it moved most of it real estate development activities to Porto Group and diversified its operations, the developer said in a bourse filing on February 28.

In this regard, Amer Group will hold an extraordinary general meeting (EGM) on March 27 to discuss the decision and to also buy the shares of investors objecting the company’s delisting.

On February 20, Amer Group has announced its intentions to launch Porto Garawlah, a second-home project in Marsa Matrouh, in the near future.