Rowad Tourism sees change in shareholding structure

Updated 11/4/2021 2:49:33 PM

ArabFinanceRowad Tourism (Al Rowad) (ROTO) said its shareholder Hashim Hussein Atta Ghoniem sold 255,933 shares in the company at an average price of EGP 32.93 per share, according to a filing to the Egyptian Exchange (EGX).

As a result, the shareholder’s stake in the company fell to 4.045% from 6.673%.

The total value of the shares’ sale transaction amounted to EGP 8.42 million.

Rowad is an Egypt-based public shareholding company that operates in the tourism industry.