El Shams Pyramids swings to profitability in Q1 2026
Updated 7/1/2026 10:47:00 AM
Copy to clipboard
Arab Finance:El Shams Pyramids for Hotels and Touristic Projects returned to profitability in the first quarter (Q1) of 2026, reporting a net profit of $1.26 million, versus a net loss of $9.41 million in the corresponding period of 2025, according to the company's financial indicators released on July 1st.
Founded in 1976, El Shams Pyramids for Hotels and Touristic Projects is an Egyptian public joint-stock company that owns, operates, and manages the Le Méridien Pyramids Hotel & Spa. The hotel comprises 655 rooms, as well as swimming pools, cafés, restaurants, and recreational facilities.