Egypt - Rowad Tourism (Al Rowad) (ROTO) said it has witnessed a change in its shareholding structure as shareholder Ahmed Mohamed Nabih Hassanen purchased 1.130 million shares in the company at an average price of EGP 55.84 per share, according to a recent filing to the Egyptian Exchange (EGX).

As a result, Hassanen’s stake in the company rose to 11.89% from 5.36%.

The total value of the shares’ purchase transaction amounted to EGP 63.142 million.

The transaction has been executed by Arabeya Online for Securities Brokerage.

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

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