Cairo – Mubasher: The ordinary general meeting of Marsa Alam for Tourism Development will convene on 17 July 2016 to approve amended the tax returns for 2013, 2014, and 2015, according to a bourse filing.
The ordinary meeting will also look into the auditor’s report regarding due rents after finding out accounting defaults regards the revenues registered in the above three years.
On 3 December 2015, the Egyptian Exchange suspended trading on the company’s stock for violations in the financial statements.
In the first quarter of 2016, the company logged EGP 6.16 million ($691,740).
