El Shams Pyramids for Hotels and Touristic Projects achieved 769% year-on-year (YoY) higher net losses after tax at $899,770 in 2024.

El Shams Pyramids for Hotels and Touristic Projects’ net profits after tax grew by 100.3% year in year (YoY) in the first quarter (Q1) of 2024.

El Shams Pyramids for Hotels and Touristic Projects cut its net losses after tax by 61% year on year (YoY) to $103,575 in 2023, compared to $262,955 in 2022, the firm’s financial statement revealed on February 5th.

Al Shams Housing is primarily focused on the purchase and lease operations of lands for the purpose of developing, managing, selling, and leasing out property and buildings, as well as offering contracting, construction, maintenance, and management services to residential, touristic, and administrative structures.

Al Shams Housing is primarily focused on the purchase and lease operations of lands for the purpose of developing, managing, selling, and leasing out property and buildings, as well as offering contracting, construction, maintenance, and management services to residential, touristic, and administrative structures.

On the other hand, the company’s ordinary general meeting (OGM) has approved sealing a loan contract with the National Bank of Egypt (NBE) for a mortgage and commercial mortgage to finance the Le Méridien Pyramids Hotel and Spa project.