Arab Finance: The consolidated net losses attributable to the shareholders of Rowad Tourism (Al Rowad) deepened by 528.11% year-on-year (YoY) to EGP 8.668 million in the first half (H1) of 2026, according to the financial results.
The reported losses were compared with the loss of EGP 1.380 million incurred in H1 2025.
Meanwhile, revenues jumped to EGP 117 million at the end of June 2026 from EGP 99.397 million a year earlier.
Founded in 1994, the public shareholding company has a portfolio of firms operating in tourism, urbanization, and development.
Al Rowad and its subsidiaries are engaged in tourism development and construction activities such as ownership, construction, leasing, and management of hotels and touristic resorts, as well as in related operations, including touristic transportation services and commercial agency services.
