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Modon partners with Montage Hotels & Resorts to bring ultra-luxury hospitality brand to Egypt’s Ras El Hekma
Modon Holding
·
AE
ADX
·
General Disclosure | General Press Release
·
May 17, 2026
·
View on exchange
AI Summary
Modon has partnered with Montage Hotels & Resorts to develop an ultra-luxury hospitality brand in Egypt.
The project will be located in Ras El Hekma, marking a significant expansion of the hospitality brand into the Egyptian market.
This collaboration focuses on bringing high-end luxury services and accommodation to the developing Ras El Hekma region.
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Modon partners with Montage Hotels & Resorts to bring ultra-luxury hospitality brand to Egypt’s Ras El Hekma
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Qatar Index
10,383.63
-0.3%
DFM Index
5,636.44
-0.4%
TASI
10,998.46
+0.1%
Emirates NBD
27.48
-0.7%
Dubai Electricity & Water Authority
2.63
0.0%
EMAAR
11.26
-0.4%
EMAARDEV
13.80
-2.1%
ADNOC GAS
3.29
-0.9%
First Abu Dhabi Bank
16.64
-2.5%
Emirates Telecom
18.36
-0.8%
Abu Dhabi Commercial Bank
13.38
-0.3%
ALRAJHI
67.20
+0.4%
MAADEN
61.20
+0.3%
SNB
38.66
+0.6%
SABIC
58.15
-0.9%
Boubyan Bank
0.65
+0.2%
Burgan Bank
0.19
-0.5%
GULF BANK
0.34
+0.3%
Commercial Bank Of Kuwait
0.49
-0.2%
QNB
17.25
-0.3%
Industries Qatar
12.19
+0.2%
Qatar Islamic Bank
21.62
-0.8%
Ooredoo
13.32
+0.8%