Rowad Tourism’s board approves EGP 365M hike in authorized capital (26 June 2022) The board of directors of Rowad Tourism (Al Rowad) (ROTO) has approved to raising the company’s authorized capital to EGP 865 million from EGP 500 million, according to a statement filed to the Egyptian Exchange (EGX) on June 26th. The board also agreed upon the submitted proposal from the company’s management to consider new investments and purchase further assets. Rowad is an Egypt-based public shareholding company that operates in the tourism industry.