Rowad Tourism Company (ROTO.)
Rowad Tourism Company (ROTO.) is an Egyptian public joint stock company that has a portfolio of companies operating in tourism urbanization & development. Through its subsidiaries the holding company is engaged in tourism development activities; ownership, leasing & management of hotels & tourist resorts, as well as in related operations, including tourist transportation services & commercial agency services.
Basic information
Company Name : Rowad Tourism
Company Purpose : Operating in tourism urbanization & developments as well as
acquiring, leasing & managing tourist facilities & hotel.
Establishing Date : 10 October 1994
Financial Year Start : 1st Quarter
Auditors : FOUAD EL-WATAN Accountants & Auditors
Subsidiaries
MG Group (94.20%)
- Misr Global Tourism (94.67%)
- Egyptian European Floating Hotels (86.60%)
- Egyptian Italian Hotels & Tourist Facilities (96.11%)
Rowad Al-Wahat for Tourist Dev. (66.52%)
Rowad Dahab for Tourism Development (85.20%)
Sahl Hasheesh Tourism Investment Company (0.94%)
Dahab Sinai for Manufacturing & Building Materials (45%)
Management Team
Eng. Khaled Mahmoud Abdel Latif Mahgoub Chairman
Ms. Eman Mohamed Tawfik Ibrahim Abdeen Vice Chairman - Deputy Director
Board Members
Mrs. Faten Hassan Ibrahim Sharaf El-Din Independent Member
Eng. Tamer Mohamed Talaat Mohamed Al-Ahmady Board Member
Eng. Mohamed Amin Mohamed El-Deeb Board Member
Mr. Ramy Sabry Makein Samuel Independent Member
Mr. Ahmed Abou Rawash Omar Board Member ( Behalf of Target)
Mr. Mohamed Moustafa Abbas Board Member (Behalf of Egyptian Real Estate Group "AREH")
Contacts
Address : 4 (A) Aziz Abaza Str., Zamalek – Cairo
Telephone : 27355259 – 27381953 – 27382784
Fax. : 27356564
Website : www.Rowadtourism.com
E-Mail : help@rowadtourism.com
Vision and goal of the company:
The company aims to maximize its investments and preserve the rights of shareholders by contributing to companies working in the field of investment and tourism development, in addition to companies working in the field of tourism and hotel management.
Listed on : The Egyptian Stock Exchange
Registration date : 28/10/1998
Number of registered shares : 17311800 shares
Beginning of the financial year : January
Accounts Controller : Fouad Al-Watan office
- The authorized capital : 865,000,000 EGP
- Issued and paid-up capital : 173,118,000 EGP
Affiliated and Sister Companies:
1- Rowad Dahab Company for Tourism Development.
2- Rowad Oasis Company for Tourism Development.
3- The Egyptian Italian Company for Hotels and Tourism Establishments.
4- The Egyptian European Company for Floating Hotels.
5- Misr Global Company for Tourism.
6- Sahl Hasheesh Tourism Investment Company.
7- Dahab Sinai Company for manufacturing and building materials
8- Gold for quarrying Company.
Rowad Dahab Company for Tourism Development (Ownership 85.20%):
An Egyptian joint stock company according to the provisions of Law 159 of the year 81, and it is the owner and developer of a group of lands in the Dahab area of the Sinai Peninsula adjacent to the Abu Gallum reserve on the Gulf of Aqaba, as Pioneers Dahab owns those areas of land at a time when it is no longer possible to own any land in Sinai Its land area is about 3.8 million square meters, with 8 km across the sea coast, with a privileged location between Dahab and Nuweiba in South Sinai Governorate, for the purpose of establishing hotels, tourist villages, tourist and real estate, commercial malls, amusement parks, restaurants and entertainment venues.
- The authorized capital : 865,000,000 EGP
- The issued capital : 250,000,000 EGP
- Paid-up capital : 100,000,000 EGP
- Share par value : 1000 EGP
Rowad Oasis Company for Tourism Development
(ownership percentage 66.52%):
An Egyptian joint stock company, in accordance with the provisions of Investment Law No. 230 of the year 89, for the purpose of establishing tourist communities in tourist attractions and developing them by providing infrastructure and establishing hotels and tourist villages.
The company owns the Oasis Hotel (4 stars) consisting of 102 rooms in Kharga Oasis / New Valley Governorate, in addition to the Nasser Wells Complex and the Bir Mutt chalets (leasing system) with a total area of 65,000 square meters.
- The authorized capital : 36,000,000 EGP (thirty-six million Egyptian pounds).
- Issued and paid-up capital : 25,500,000 pounds (twenty-five million five hundred thousand pounds).
- Share par value : 1000 EGP (one thousand Egyptian pounds).
The Egyptian Italian Company for Hotels and Tourism Establishments (ownership percentage 96.11%):
An Egyptian joint stock company, in accordance with the provisions of Law No. 159 of 81, manages and operates Nile cruise ships, and its fleet that operates in the Nile between Luxor and Aswan consists of: -
* The Golden Boat 4* floating hotel with 50 rooms.
* Diamond boat floating hotel 5 stars 72 rooms.
* The Liberty floating hotel is 5 stars with 72 rooms.
* Nile Marina with an area of 72 meters on the Maadi Corniche under a long-term exploitation contract.
* Nile Marina with an area of 72 meters on the Aswan Corniche under a long-term exploitation contract.
* An administrative headquarters equipped in Zamalek / Cairo.
- The authorized capital : 80 million pounds (Eighty million Egyptian pounds).
- Issued and paid-up capital : 69 million Egyptian pounds (Sixty-nine million Egyptian pounds).
- Share par value : 100 EGP (one hundred Egyptian pounds).
The Egyptian European Company for Hotels and Tourism Establishments (Ownership 86.60%):
An Egyptian joint stock company, in accordance with the provisions of Law No. 43 of 74 amended by Law No. 32 of 1977, manages and operates Nile ships and owns:
1- Aurora floating hotel (5 stars 42 rooms).
2- An equipped administrative headquarters in Zamalek / Cairo Governorate.
- The authorized capital : 20 million Egyptian pounds (twenty million Egyptian pounds).
The issued and paid-up capital : 17.5 million pounds (seventeen million Egyptian pounds).
Share par value : 100 EGP (one hundred Egyptian pounds).
Misr Global Tourism Company (Ownership 94.67%):
An Egyptian joint stock company, in accordance with the provisions of Law No. 159 of 81, is specialized in providing all tourism services, including hotel reservation, tourist transport, travel tickets, safari tourism, organizing conferences, organizing Hajj and Umrah trips ... etc.
It owns an administrative headquarters in the tribal area of Zamalek, branches in Luxor, Aswan and Hurghada, and a tourism license (A), and is a member of the Asta and IATA organizations.
Sahl Hasheesh Company for Touristic Investment (ownership percentage 0.66%):
An Egyptian joint stock company in accordance with the provisions of Law No. 8 of 97, the company's activity is focused on owning and developing the entire lands of the downtown area and currently owns 540 thousand square meters in Sahl Hasheesh / Hurghada Center. The company's plan includes the construction of hotel housing, commercial malls, cinemas, theaters and amusement parks. , restaurants, cafeterias, recreational places and a marina for yachts.
- Authorized capital: EGP 1 billion (one billion Egyptian pounds).
- Issued and paid-up capital: 355 million pounds (three hundred fifty-five million Egyptian pounds).
- The nominal value of the share: 10 Egyptian pounds (ten Egyptian pounds).
The company's existing and future projects: The company, through its subsidiaries and sister companies, contributes to the comprehensive development of Sahl Hasheesh areas in Hurghada and Dahab on the Gulf of Aqaba. Applying the principles of governance and committees emanating from the Board of Directors: The company is committed to applying the principles of corporate governance by regulating the relationship between shareholders and the board of directors by inviting shareholders to attend the ordinary and extraordinary general assembly to discuss matters related to the company through a clear agenda as well as providing all the information necessary for decision-making. The company is also committed to applying the internal control systems, as well as the existence of an audit committee of non-executive board members, and the board of directors meets to discuss the company's matters at least once every two months. The company's financial statements are reviewed by an external auditor, Fouad Al-Watan's office, in addition to the Central Auditing Organization.
Dahab Sinai Company for Manufacturing and Building Materials (shareholding percentage 45%):
An Egyptian joint stock company in accordance with the provisions of the Investment Law No. 72 of 2017.
The authorized capital : 1 billion pounds (One billion Egyptian pounds).
Issued and paid-up capital : 206.494 million pounds (Two hundred and six million Four Hundred
ninety four thousand Egyptian pounds) till November 2025.
The nominal value of the share: 100 pounds (one hundred Egyptian pounds).
Company purpose: Working in the field of integrated industrial development and the production of building materials in general and in particular the production of all types of packed gypsum and its derivatives.
Gold Co. for Quarrying (50% shareholding):
An Egyptian joint stock company in accordance with the provisions of Investment Law No. 159 of 1981.
Issued and paid-up capital: 2 million pounds (two million Egyptian pounds).
©WINTER 26-DESIGN STUDIO 2011. All rights reserved