Tourism Urbanization

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News

13 April 2017 02:03 PM Tourism Urbanization narrows losses 2% in 2016

Cairo - Mubasher: The financial statements of Tourism Urbanization showed a 2% decline in net losses in 2016, according to a bourse filing. The company said in a statement to the Egyptian Exchange (EGX) on Thursday that net losses reached EGP 18.2 …

Financial Results

3 April 2017 10:14 AM EGX suspends trading on Tourism Urbanization shares

Cairo – Mubasher: The Egyptian Exchange (EGX) said Monday that it has decided to suspend trading on Tourism Urbanization’s stocks in today’s session, in preparation for the voluntary delisting of the company’s shares from the stock market. The …

Corporate Actions

13 March 2017 00:20 PM Tourism Urbanization EGM approves voluntary delisting

Cairo – Mubasher: Tourism Urbanization said Monday that its extraordinary general meeting (EGM) has approved the voluntary delisting of the company’s shares from the Egyptian Exchange (EGX). The company will buy the shares of its shareholders who …

General Assembly

23 February 2017 10:40 AM Tourism Urbanization to discuss voluntary delisting 12 March

Cairo – Mubasher: Tourism Urbanization Company said Thursday that its extraordinary general meeting (EGM) will discuss the voluntary delisting of the company’s shares from the Egyptian Exchange (EGX). Last week, the company’s board approved a …

Corporate Actions

13 February 2017 11:00 AM Tourism Urbanization approves voluntary delisting

Cairo – Mubasher: Tourism Urbanization said Monday that its board of directors has approved to voluntary delist its shares from the Egyptian Exchange (EGX). The board agreed to hold an extraordinary general meeting to discuss the decision, …

Corporate Actions

29 December 2016 11:05 AM Tourism Urbanization seeks to amend Movenpick Cairo Pyramids name

Cairo – Mubasher: Tourism Urbanization said it addressed governmental and non – governmental parties to amend the name of Movenpick Hotel Cairo Pyramids. The company will change the hotel name to Cairo Pyramids, according to a bourse filling. …

Corporate Actions

14 November 2016 06:49 PM Tourism Urbanisation widens losses by 28% in Q3

Cairo – Mubasher: Tourism Urbanisation widened its losses for the third quarter of 2016 by 28.14% year-on-year. The company suffered losses of EGP 4.6 million for Q3-16, compared with EGP 3.6 million, according to a bourse filing on Monday. As for …

Financial Results

16 August 2016 00:31 PM Tourism Urbanisation suffers EGP 8.8m losses in Q2

Cairo – Mubasher: Tourism Urbanisation widened its losses for the second quarter of 2016 by 43%. The company suffered losses of EGP 8.8 million for Q2-16, compared with EGP 6.2 million for the similar period of the previous year. As for the first …

Financial Results

21 March 2016 00:37 PM Tourism Urbanization shareholders to mull dissolution 6 April

Cairo – Mubasher: The ordinary and extraordinary general meeting of Tourism Urbanization will be held on 6 April 2015, said the company.   The extraordinary meeting will mainly consider either to dissolute the company or to keep its activities …

Corporate Actions

18 February 2016 05:54 PM Tourism Urbanization negotiating with Banque Misr over loan

Cairo-Mubasher:  Tourism Urbanization board gave the go-ahead for conducting feasibility studies on raising a loan from Banque Misr, to be injected into the company's capital, the company said in a bourse statement. The loan will be repaid through …

Corporate Actions

18 February 2016 01:55 PM Tourism Urbanization losses widen 143% in 2015

Cairo – Mubasher: The unaudited financial results of Tourism Urbanization disclosed that its profits for the period ended 31 December 2015 slumped 143.4% year-over-year to EGP20 million from EGP8.24 million   The company in the first nine months …

Financial Results

22 December 2015 11:17 AM Tourism Urbanization says right issue proceeds fully utilised

Cairo - Mubasher: Tourism Urbanization Co. said it has fully utilised the proceeds of its latest capital hike, which amounted to EGP 6.884 million. The amount was used in paying the dues of contractors in Mövenpick Pyramids project, it added in a …

Corporate Actions

12 November 2015 02:44 PM Tourism Urbanization log EGP 17m losses in 9 months

Cairo - Mubasher: Tourism Urbanization reported EGP 17.57 million in losses for the nine - month period ended September 2015, compared with EGP 6.9 million a year earlier. The company's losses surged 154% in this nine-month period. The company's …

Financial Results

13 August 2015 00:08 PM Tourism Urbanization H1 losses soar to EGP11.5m

Cairo – Mubasher: Tourism Urbanization Co. logged EGP 11.46 million net loss for the first six months of 2015, a surge of 162.5% from EGP 4.37 million reported in the same period a year ago. The Cairo-listed developer earlier posted EGP 5.3 …

Financial Results

9 March 2015 11:39 AM Tourism Urbanization narrows 2014 losses

Tourism Urbanization Co. suffered EGP 8.2 million ($1.1 million) in losses in 2014, compared with EGP 9.3 million ($1.2 million) in the previous year.The company cut its losses by around 11.8% in 2014, the company said in its consolidated …

Financial Results

12 January 2015 10:19 AM Major events on EGX for Monday

Cairo-Mubasher: Investors are anticipating the following events related to some companies listed on The Egyptian Exchange (EGX) on Monday, January 12: Distributing bonus shares of Housing and Development Bank at 1-for-10 Listing secondary shares of …

Company News

31 December 2014 10:43 AM Tourism Urbanization files with EGX to list capital increase

The Egyptian Exchange (EGX) said it received documents from Tourism Urbanization Co. to list shares of increasing the company’s issued capital.The company announced earlier that the second phase of its rights issue was subscribed by …

Corporate Actions

16 October 2014 02:09 PM Tourism Urbanization rights issue covered 68.8% in phase II

Tourism Urbanization Co. announced that the second phase of its rights issue was subscribed by 68.8%.The company closed subscription to the second phase of its rights issue on October 2. The Egyptian Financial Supervisory Authority …

Corporate Actions

1 October 2014 11:31 AM Tourism Urbanization closes phase II in rights issue Oct 1

Today, Wednesday, October 01, 2014, is the end date for the second phase in the rights issue of Tourism Urbanization Co. The Egyptian Financial Supervisory Authority (EFSA) had approved a request from the company to invite shareholders to …

Corporate Actions

21 September 2014 02:24 PM Tourism Urbanization gets EFSA nod to launch phase 2 in rights issue

The Egyptian Financial Supervisory Authority (EFSA) has initially approved a request from Tourism Urbanization Co. to invite shareholders to subscribe to 375,517 remaining secondary shares at EGP 10 par value plus EGP0.25 issue costs …

Company News

20 August 2014 11:18 AM Tourism Urbanization rights issue covered 62.5% in phase I

Tourism Urbanization Co. announced that subscription to its rights issue reached 62.3%, or 6.229 million shares by Egyptian General Company for Tourism & Hotels (EGOTH) and 0.15%, or EGP 15.1 thousand paid by shareholders, at a total …

Company News

14 August 2014 00:43 PM Tourism Urbanization H1 loss widens 45%

Tourism Urbanization has logged EGP 4.365 million net loss for H1-14, deepening 44.6% compared with EGP 3.017 million net loss in H1-13.The company’s financial results for Q1-14 had shown that net loss widened 164% to EGP 3.7 million from …

Company News