Date of Listing
10 Feb 1999
Number of Listed Shares
1,050,000,000
Par Value / Share
EGP 1
Autorized Capital
EGP 2,000,000,000
Issued Capital
EGP 1,050,000,000
Paid Up Capital
EGP 1,050,000,000
Year Founded
1996
Commercial Registeration Number
5614
Fiscal Year
1 January : 31 December
Law of Governance
Law 159 of 1981
Auditor Name
KPMG Hazem Hassan
Purpose of Company
Tourism development and the establishment of a fully integrated residential and touristic destination in Sahl Hasheesh region of the Red Sea Governrate, through preparing lands with infrastructure and necessary utilities such as electricity generation plants, water treatment plants, sewerage, roads, in order to allocate these lands for the establishment of a number of residential, touristic, hotel, service and lifestyle projects, whether on a proprietary basis or through other parties. The company is allowed to generate, distribute and sell electrical energy, sell fresh desalinated water, manage communities and resorts, and establish new service centers. The company is allowed to participate with other parties in carrying activities similar to its own in Egypt and abroad.
Headquarters
4A Aziz Abaza St.,, Zamalek, , Egypt
Fax: +20 (0)2 2735 2743
Phone: +20 (0)2 2735 8427
Email: ir@erc-egypt.com
Subsidiries
Sahl Hasheesh Company
4A Aziz Abaza St,, Zamalek, Cairo, Egypt
Phone: +20 (0)2 2735 8427)