ERC - Egyption Resorts Company
Share price (LE): 1.86
Date:  08/09/2010
Time:  13:12:06
Newsflash
Leading global developer Orascom Development Holding to develop Sahl Hasheesh Marina, takes equity stake in ERC... Mohamed Kamel was appointed to be Chief Executive Officer at ERC in 2010... ERC began work on a new electricity substation at Sahl Hasheesh...
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Investor Relations

 

Fact Sheet  
     
ERC Company Overview
     
Legal and Stock Information
     
 
     
ERC Corporate Calendar 2010
     
 
 
 
In The News >
 
 
Wall Street Journal
October 18, 2008
     
 
Analyst Coverage >
 
HC - UpdateMay 4, 2010
Naeem - UpdateMay 2, 2010
November 25, 2008
Naeem - UpdateJuly 21, 2008
December 23, 2007
July 26, 2007
     
 
Land Valuation Reports >
 
Coming soon
 
     
 
Corporate Governance >
 
 
 
 
Board Committees >
 
Audit Committee >
The Board of the Egyptian Resorts Company has appointed the Audit Committee to ensure Corporate Accountability. The Audit Committee shall assist the Board in monitoring the integrity of ERC's financial reporting process, systems of internal audits and controls as well as financial statements and reports. The Audit Committee also monitors ERC's compliance with legal and regulatory requirements and is responsible for appointing and overlooking ERC's independent auditors. The Committee is expected to maintain free and open communication with the independent auditor, the internal auditors, and management. This communication will include periodic private executive sessions with each of these parties.
 
 

Members:

Dr.Eskander Tooma (Chairperson)
Dr.Ashraf Gamal Eldin (Member)
Khaled Abdelbaky (Member)
Walid Essam (Member)
 
Executive Committee >

The Executive Committee has been formed for the general purpose of studying and analyzing the issues and topics assigned to it by the Board of Directors and/or the Chairman of the Board and revert back with advice and also to give recommendations regarding proposed actions by the CEO aimed at serving the company’s objectives in implementing its strategy before being presented to the board.

ERC Executive Committee Charter

Members:

Dr.Ibrahim Kamel (Chairperson)
Mahmoud Abdallah (Member)
Mohamed Kamel (Member)
Eng.Abd El Monem Attia (Member)
Dr.Samir Makary (Member)
Dr.Eskander Tooma (Member)
 
Human Resources Committee >

The Human Resources Committee has been formed for the general purpose of reviewing the hierarchy and the possibility of development and follow-up the performance and capability of the Chief Executive Officer in attracting, selecting and hiring employees as well as applying efficient polices to verify that salaries, benefits, conditions of bonuses, pensions, development, and training are suitable.

Members:

Eng.Abd El Monem Attia (Chairperson)
Dr.Ashraf Gamal Eldin (Member)
Dr.Samir Makary (Member)
Ahmed Abu Hendia (Member)
Dr.Ahmed Taher (Member)
 
Technical Committee >

The Technical Committee has been formed for the general purpose of reviewing different projects phases Implemented by the company as well as studying and analyzing the issues and topics assigned to it by the Board of Directors and/or the Chairman of the Board and revert back with advice and also to give recommendations regarding technical aspects of the operational performance of the Company.

Members:

Dr.Samir Makary (Chairperson)
Dr.Gamal El Saeed (Member)
Eng.Abd El Monem Attia (Member)
Dr. Sherief Oteifa(Member)
 
 
 
External Auditor >
  • ERC external auditor is KPMG Hazem Hassan.
  • The board nominates an external auditor with a good reputation and experience on the recommendation of the audit committee.
  • The external auditor is independent from the company and the board, he is appointed and his annual remuneration is determined by the GA.
  • The external auditor fully abides with Egyptian accounting principles and rules.
  • The external auditor can’t be contracted for additional company work without the prior approval of the audit committee.
 
Rules to Avoid Conflict of Interests >
  • ERC has clear and recognized regulations for the directors and staff regarding the prevention of conflict of interests.
  • Board members, senior managers and staff may not trade company stocks before the disclosure of the company's financial statements or the disclosure of any other information that might have a financial impact. They also may not trade company stocks after sudden events that affect the company's financial status until such information is disclosed to the public.
  • ERC has also a strict related party transaction policy according to which any related party transaction should be approved by the audit Committee and disclosed in order to avoid conflict of interest.
 
Major Shareholders >
  • Misr Insurance 13.1%
  • Kato Investment 11.96%
  • Rowad Tourism 10%
  • First Arabian for Development and Investment 10%
  • AL Ahly Capital Holding 8.99%
  • Orascom Development Holding 4.5%
  • National Insurance Company 1.9%
 
Listing >
  • Egyptian Resorts Company is listed on the Egyptian Exchange as ordinary shares (Reuters code: EGTS.CA ; ISIN Code : EGS70431C019)
 
Financial Calendar >
  • The Financial Calendar of ERC commences on January 1st and ends on December 31st of each calendar year.

Contact Investor Relations

  Abu Bakr Makhlouf Telephone +202 2735 8427
  Investor Relations Manager Fax +202 2735 2743
  Egyptian Resorts Company email This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
 

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