Sharm Dreams Co. for Tourism Investment said on Wednesday, in a bourse statement, it is considering splitting into two companies.

It added that the demerging company will include assets and investments in Southern Sinai, while the demerged company will include all other assets including real estate investments and shareholdings in Cairo and Red Sea region, in addition to the company’s equity in Sharm Dreams Holding for Tourism & Hotels, thus enabling foreign and Arab investors to trade the demerged company’s stock.

Photo Credit: Arabianeye-Reuters