Rowad Tourism Company (ROTO.)

 

Rowad Tourism Company (ROTO.) is an Egyptian public joint stock company that has a portfolio of companies operating in tourism urbanization & development. Through its subsidiaries the holding company is engaged in tourism development activities; ownership, leasing & management of hotels & tourist resorts, as well as in related operations, including tourist transportation services & commercial agency services.

Basic information

Company Name        : Rowad Tourism

 

Company Purpose     : Operating in tourism urbanization & developments as well as

acquiring, leasing & managing tourist facilities & hotel.

 

Establishing Date       : 10 October 1994

 

Financial Year Start    : 1^st Quarter

 

Auditors                  : FOUAD EL-WATAN Accountants & Auditors

  (Mr. Nabil Istanbouli – UHY Managing Partner - United for Auditing )

 

Owners                   : Target Real Estate Investment & Associated Group         (18.05%)

                               Mr. Ahmed Mohamed Nabih Mohamed                         (11.89%)

                               Mr. Mohamed Ragab Said Abdel Samad                        (11.76%)

  The rest of the shareholders (free trade)                      (58.30%)

 

 

Subsidiaries

MG Group                                                                (94.20%)

- Misr Global Tourism                                        (94.67%)

- Egyptian European Floating Hotels                     (86.60%)

- Egyptian Italian Hotels & Tourist Facilities           (96.11%)

 

Rowad Al-Wahat for Tourist Dev.                                   (66.52%)

Rowad Dahab for Tourism Development                         (85.20%)

Sahl Hasheesh Tourism Investment Company                  (0.94%)

Egyptian Resorts Company                                          (2.27%) till 30/9/2021

Dahab Sinai for Manufacturing & Building Materials           (32.5%)

 

Management Team

Eng. Gamal Abdel Latif Mahmoud Mahgoub           Chairman

 

Mr. Abdel Latif Mahmoud Mahgoub Abdel Latif       Vice Chairman - Deputy Director

 

Board Members

DR.Hussein Abu Seida                                       Independent Member

 

Mr. Mohamed ayoub Mohamed Hussien                Independent Member

 

Mr. Aly Latif Mahmoud Mahmoud Mahgoub           Board Member

 

Mr. Mohamed Abdel Nasser Hamed Mahmoud       Board Member

 

Mrs. Hala Mohamed Kamal Ahmed El-Khateeb       Board Member

 

Mrs. Maha Abdel Razek Mohamed Hassan             Board Member

 

Mr. Waleed Ibrahim Mohamed El-Daly                  Board Member