ArabFinance: Egyptian Resorts Company (ERC) announced that Bayt El Khebra purchased 130,454,683 shares at EGP 186.551 million, according to the company’s statement to the Egyptian Exchange on March 11th.
Bayt El Khebra’s stake increased to 0.631% from 13.18%.
ERC posted a consolidated net loss stood at EGP 45.485 million in 2020, compared to EGP 63.564 million incurred in 2019.
ERC is an Egypt-based company that operates in the tourism and hospitality sectors. The company is engaged in the construction and management of integrated touristic and residential projects in Sahl Hasheesh, Red Sea Governorate.