Cairo - Mubasher: Egypt Capital Holding and El Masry Real Estate Investments Company, two subsidiaries of the Export Development Bank of Egypt (EBank), signed a contract to sell their entire shares in Egyptian Tourism Development Company and Tourism Investments in Sahl Hasheesh Company.
Exiting the two different companies was concluded as a single deal for a total value of EGP 3.80 billion, according to a bourse filing.
EBank stated that the contract was signed on 21 August 2025 and covered the sale of 5.70 million shares in Tourism Investments in Sahl Hasheesh in addition to 47.08 million shares in Egyptian Tourism Development.
It is worth noting that the selling subsidiaries have received the full value of the transaction, which is currently in the final stage of equity ownership transfer.
EBank further added that the total fair value (FV) of the sold shares is EGP 3.30 billion, based on the disclosed study prepared in December 2025.
It is worth noting that during the first nine months (9M) of 2025, EBank logged consolidated net profits after tax worth EGP 4.31 billion, compared with EGP 3.95 billion.
