Marsa Alam changes Badawya village name

Updated 4/6/2021 3:03:53 PM

ArabFinance: Marsa Alam for Tourism Development (MMAT) changed the name of its resort from Badawya village to Triumph Marsa Alam, according to the company’s statement filed to the Egyptian Exchange.

In the line with the coalition between Marsa Marsa Alam and Dahab Tours, they assigned the management of Triumph Marsa Alam to Triumph Hotels Management.

Marsa Marsa Alam reported a net loss of EGP 1,381,531 in 2020, compared to EGP 1,915,261 incurred a year earlier.

Marsa Alam, formerly Marsa Alam for Touristic Development (MATD), a member of Kharafi Group, is an Egypt-based company that is engaged in the development and construction of different touristic communities and villages.