- CEO
- Magdy Mohamed Mahmoud Azab
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- Cairo Egypt
- IPO Date
- May 13, 1997
- Business
- Pyramisa Hotels and Resorts SAE is an Egypt-based hospitality and tourism company engaged in the ownership, development, operation, and management of hotels, holiday resorts, floating hotels, and leisure real estate assets. Founded in 1984 and headquartered in Giza, Egypt, the company operates across the travel, tourism, and lodging sectors, catering to international leisure travelers, corporate groups, and domestic vacationers. Pyramisa Hotels provides a comprehensive range of hospitality and recreational solutions organized across core service lines: hotel and resort accommodations, operating four-star and five-star beachfront resorts, urban luxury suites, and family lodging properties; food and beverage services, featuring international buffet restaurants, specialty dining venues, lounges, poolside bars, and full-service event catering; wellness and recreation facilities, including private beach access, multi-pool complexes, aqua parks, health spas, fitness centers, and water sports and diving centers; meetings, incentives, conferences, and exhibitions (MICE) services, offering modular meeting rooms, executive boardrooms, banquet halls, and professional event coordination; river transport and cultural tourism, operating a fleet of five-star Nile cruise ships offering scheduled voyage itineraries and sightseeing excursions between Luxor and Aswan; and vacation ownership and property development, comprising the sale, fractional ownership, and rental management of resort chalets and holiday villas. The company maintains an extensive geographic footprint in Egypt, with properties situated in key tourism and commercial hubs including Cairo, Sharm El Sheikh, Hurghada (Sahl Hasheesh), Luxor, and Aswan, as well as international operations in Dubai, United Arab Emirates. In recent operational and strategic developments, Pyramisa Hotels has executed major asset enhancement programs, completing phased renovations across its flagship resorts in Sahl Hasheesh and Sharm El Sheikh to upgrade room inventories, enhance digital guest management systems, and implement energy-efficient sustainability standards. Furthermore, the company has expanded strategic distribution partnerships with key European and regional tour operators to drive higher occupancy rates, while actively executing treasury and capital allocation measures, including share buyback initiatives, to optimize capital structure and support long-term revenue growth.