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%)