Sharm Dreams Co. for Tourism Investment (SDTI)

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News

6 June 2024 09:54 AM Sharm Dreams turns profitable in Q1-24

Cairo – Mubasher: Sharm Dreams Company for Touristic Investment logged net profits after tax valued at EGP 2.18 million in the first quarter (Q1) of 2024, versus losses worth EGP 1.68 million in Q1-23. Earnings per share (EPS) hit EGP 0.04 as of …

Financial Results

21 June 2023 09:44 AM NBE exits board membership in Sharm Dreams

Cairo – Mubasher: The National Bank of Egypt (NBE) resigned from its role as a board member in Sharm Dreams Company for Touristic Investment on 18 June. The EGX-listed company indicated that the resignation will be submitted to the ordinary …

Board of Directors

14 November 2022 04:35 PM Sharm Dreams incurs higher losses at over EGP 64.5m in 9M-22

Cairo – Mubasher: Sharm Dreams Company for Touristic Investment suffered net losses after tax worth EGP 64.61 million in the first nine months (9M) of 2022, compared to EGP 28.16 million. Revenues totalled EGP 28.50 million in January-September …

Financial Results

1 September 2022 11:49 AM Shareholder cuts stake in Sharm Dreams to 3.7%

Cairo – Mubasher: Sharm Dreams Company for Touristic Investment said that its shareholder, Khaled Abdullah Mohamed Abdullah, has reduced his stake in the company to 3.78% from 5%. Hence, the investor sold 650,000 shares in Sharm Dreams for EGP …

Companies Investments

9 August 2022 11:32 AM Sharm Dreams’ losses enlarge to EGP 40.5m in H1-22

Cairo – Mubasher: The net losses of Sharm Dreams Company for Touristic Investment widened by 18.7% on an annual basis during the first half (H1) of 2022, reaching EGP 40.53 million, compared to EGP 34.14 million. Loss per share for H1-22 amounted …

Financial Results

26 May 2022 01:51 PM Sharm Dreams' losses down in Q1-22

Cairo – Mubasher: The net losses of Sharm Dreams Company for Touristic Investment decreased to EGP 12.92 million in the first quarter (Q1) of 2022, compared to EGP 14.77 million in the year-ago period. The company's revenues increased to around …

Financial Results

8 April 2021 00:37 PM CIB agrees to reschedule loans of Sharm Dreams

Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) approved in principle to reschedule loans and cut interest payments of Sharm Dreams Company for Touristic Investment.   The company requested an urgent funding of EGP 140 million for …

Banking and Finance

13 October 2019 02:27 PM Jaz Hotel Group inks deal to manage Sharm Dreams Resort

Cairo – Mubasher: Sharm Dreams Company for Touristic Investment signed a contract to hand over the management of Sharm Dreams Resort to Jaz Hotel Group. The ten-year, renewable contract includes a plan to develop Sharm Dreams Resort which is …

Companies Investments

26 September 2018 02:00 PM Sharm Dreams uses EGP 78m of capial hike proceeds

Cairo – Mubasher: Sharm Dreams Company for Touristic Investment on Wednesday said it had used EGP 77.85 million from the proceeds of the EGP 79.85 million capital increase at the end of June, which was listed in August 2015. The company has used …

Corporate Actions

13 August 2017 08:44 PM Sharm Dreams narrows losses in H1

Cairo - Mubasher: Sharm Dreams Company for Touristic Investment posted a decrease in losses by 75.4% year-on-year in the first half of the year, as shown by the company’s financial statements. The company said in a statement to the Egyptian …

Financial Results

7 June 2017 03:45 PM EGX give companies 15 days to reveal financials

Cairo - Mubasher: The Egyptian Exchange (EGX) listing committee has decided to allow 10 companies a 15-day grace period to present their financial statements, approved by their respective ordinary general meeting (OGM). The situation will be …

Management Decisions

10 April 2017 11:23 AM Sharm Dreams losses deepen 474%

Cairo – Mubasher: Sharm Dreams Company for Touristic Investment’s losses worsened in fiscal year 2016 by 474.2% to EGP 50.04 million, compared to EGP 8.7 million for FY15, according to a statement. Foreign exchange losses reached EGP 33 million, …

Financial Results

14 November 2016 11:52 AM Sharm Dreams profits up 58% in Q3

Cairo – Mubasher: Sharm Dreams for Touristic Investment Co. reported an increase of 58.6% in net profits for the third quarter of 2016. The company posted net profits of EGP 4.6 million for Q3 – 2016, up from EGP 2.9 million for the similar period …

Financial Results

28 August 2016 00:19 PM Sharm Dreams amend cash dividends decision

Cairo - Mubasher: Sharm Dreams Company for Touristic Investment announced that the ordinary general meeting (OGM) canceled its previous decision concerning distributing cash dividends. The company will distribute EGP 28.96 million in bonus shares …

Cash Dividends

11 August 2016 01:36 PM Sharm Dreams turns to losses in Q2

Cairo – Mubasher: Sharm Dreams Company for Touristic Investment achieved EGP 7.76 million losses in the second quarter of 2016 versus EGP 3.47 million profits in the year-ago period. Revenues dropped to EGP 38,000 in Q2-16 from EGP 7.11 million in …

Financial Results

29 March 2016 00:40 PM Sharm Dreams turns into losses in 2015

Cairo – Mubasher: Sharm Dreams Company for Touristic Investment logged EGP8.7 million losses in 2015, against EGP2.2 million profits in 2014, according to financial statements posted Tuesday. The company's distributable profits stand at EGP62.8 …

General Assembly

29 December 2015 11:25 AM Sharm Dreams plans to inject EGP 250m in investments

Written by: Ahmed Allam Cairo - Mubasher: Sharm Dreams Company intends to pump investments up to EGP 250 million in new activities within 3 years, said Hamada Abu El Enein, Chairman and Managing Director. "The company's revenues are expected to …

Companies Investments

7 December 2015 00:23 PM Sharm Dreams EGM to amend articles of association 28 Dec

Cairo-Mubasher: Sharm Dreams Company for Touristic Investment will hold its extraordinary general meeting (EGM) on 28 December to discuss amending articles No. 3, 39, 44 and 56 of the articles of association. The company earlier posted net losses …

General Assembly

4 November 2015 11:18 AM Sharm Dreams turns to losses in 9 months

Cairo - Mubasher: Sharm Dreams Co. for Touristic Investment turned to losses in the first nine months of 2015, with around EGP 3.6 million. The company reported profits of EGP 5.3 million for the comparable period of 2014. The company's gross …

Financial Results

7 September 2015 11:55 AM Sharm Dreams finalises capital top-up procedures

Cairo – Mubasher: Sharm Dreams Company for Touristic Investment said Monday it completed all procedures with General Authority for Investment and Free Zones (GAFI) and Egyptian Financial Supervisory Authority, which are required for an increase in …

Corporate Actions

14 May 2015 10:48 AM Sharm Dreams turns to loss in Q1

Cairo – Mubasher: Sharm Dreams Co. for Tourism Investment posted on Thursday its financial results for the first quarter of 2015, showing net losses reaching EGP 10 million ($1.3 million) against EGP 398,000 ($52,200) in net profits during …

Financial Results

29 March 2015 01:30 PM Sharm Dreams turns to profits in 2014

Cairo-Mubasher: Sharm Dreams Co. for Tourism Investment posted EGP 2.2 million in net profits for the fiscal year 2014, up from EGP 2 million in net losses for a year earlier, the company said in a bourse filing Sunday.Meanwhile, financial results …

Financial Results

14 January 2015 05:44 PM Sharm Dreams says mulling break-up

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 …

Company News

16 September 2014 09:57 AM Sharm Dreams subscription rights to begin trading with conditions

The Egyptian Exchange (EGX) decided to list the rights issue of Sharm Dreams Co. for Tourism Investment on database at session start on Tuesday, September 16, 2014. The rights issue will open on September 16 till October 16 and …

Company News

15 September 2014 11:47 AM Sharm Dreams subscription rights to begin trading Sept 16

The Egyptian Exchange (EGX) set Thursday, September 11, 2014, as the record date for the rights issue of Sharm Dreams Co. for Tourism Investment. The rights issue will open on September 16 till October 16 and will be carried out via …

Corporate Actions