Badawiya hotel in Marsa Alam closed by order over its licence name, owner says
The company told the Egyptian Exchange it was notified of closure decision 964 of 2026 on 4 November, removed the name the same day and applied to have the order cancelled.
11 November 2026
Marsa Marsa Alam for Touristic Development says its Badawiya hotel in Marsa Alam has been placed under an administrative closure order because the hotel name recorded on its tourism licence was in violation.
In a disclosure to the Egyptian Exchange dated 10 November 2026, the company said it was formally notified on 4 November of closure decision no. 964 of 2026, and that the closure stands until the problem with the name on the licence is put right.
The company said it removed the offending name on the day it was notified and asked the head of the Central Administration for Hotel Establishments to cancel the decision. The disclosure does not say whether that request has been decided.
It also said the order has no effect on the property, because the hotel is still being upgraded and no operating hotel is therefore affected.
The disclosure follows decision no. 208 of 2026 by the board of Egypt's Financial Regulatory Authority on a shareholder request to suspend resolutions passed at the company's ordinary general assembly of 10 April 2025. The authority refused to suspend the first, second and sixth resolutions and granted the request on the eleventh.