October 19, 2021

Shareholder cuts stake in Rowad Tourism

ArabFinance: Rowad Tourism (Al Rowad) (ROTO) said its shareholder Ahmed Mohamed Nabih Hassanen sold 433,000 shares in the company at an average price of EGP 52.168 per share, according to a filing to the Egyptian Exchange (EGX).

As a result, Hassanen’s stake in the company fell to 9.39% from 11.89%.

The total value of the shares’ sale transaction amounted to EGP 22.58 million.

Rowad is an Egypt-based public shareholding company that operates in the tourism industry.


Categories : tourism

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