ArabFinance: Pyramisa Hotels and Resorts (PHTV) said a shareholder named Mahmoud Azab raised his stake from 2.88% to 4.38%, according to the company's October 20^th  disclosure field to the Egyptian Exchange.

Azab purchased 322,365 shares at EGP 20 per each, with a total amount of EGP 6,447,300.

The company distributed cash dividends of EGP 2 per share on June 11^th to the shareholders recorded on June 8^th.

Pyramisa Hotels is engaged in tourism and hotel development and investment. The company, along with its subsidiaries, is primarily involved in the ownership, establishment, sale, rent, and management of hotels, in addition to providing travel, entertainment, therapeutic, and sports facilities.