Arab Finance: Rowad Tourism (Al Rowad) (ROTO) decreased its stake in Sharm Dreams Company for Tourism Investment (SDTI) to 2.59% from 3.926% for EGP 8.187 million, according to a disclosure on the Egyptian Exchange (EGX) on Tuesday.
The transaction was executed on 708,000 shares at an average price of EGP 11.57 per share.
Rowad is an Egypt-based public shareholding company that operates in the tourism industry.
Sharm Dreams is an Egypt-based public shareholding company that operates in the tourism and entertainment industry.
The company focuses on the construction and operation of hotels, touristic resorts, and villages, as well as commercial complexes and entertainment centers.