ArabFinance: Remco for Tourism Villages Construction (RTVC) reported a standalone net loss of EGP 324.612 million in half one (H1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year rise of 166% when compared to EGP 121.943 million in H1 2020.

The extraordinary general meeting of Remco has approved the offer submitted by a group of Egyptian investors to acquire Remco for Real Estate Construction's 99.98% stake in Empain Tourism Investments.

Remco is an Egypt-based company that operates in tourism and entertainment projects development and construction.

The company acquires plots of land, designs the development, sells individual units, and retains ownership of public areas such as hotels, landscaped areas, housing complexes, beaches, and water and sewage treatment plants.