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Court adjourns Pyramisa's lawsuit against Egyptian Resorts

Court adjourns Pyramisa's lawsuit against Egyptian Resorts
Photo Credit: Arabianeye-Reuters
Egyptian Resorts
EGTS
5.97% 5.68 0.32
Pyramisa
PHTV
-4.84% 138.00 -7.02

Egypt's Supreme Administrative Court decided to adjourn till 2 April the hearing of a law suit filed by Pyramisa Hotels and Resorts against Egyptian Resorts, the company said in a bourse statement.   

The lawsuit was filed by Pyramisa where it asked to annual its contract with Pyramisa Hotels and Resorts regarding selling a land plot located at Sahl Hasheesh on the Red Sea Coast.