Arab Finance: Orient Tours for Tourist Villages and Hotels has raised its stake in Marsa Marsa Alam for Tourism Development to 1.66% from 0.76%, as per a disclosure.
Orient Tours purchased 451,210 shares for EGP 895,200 at EGP 1.984 per share.
Established in 2003, MMAT is an Egypt-based company that is engaged in the development and construction of different touristic communities and villages.