Roya Group, founded in 2007 as an offshoot of TIBA for R.E. Development; founded by Engineer Hisham Shoukry in 1997, is one of the country's fastest growing holding companies in the fields of Tourism & Real Estate Development, Investment & Contracting, as well as Consultancy. In March of 2015, Pioneers Holding Group acquired a majority stake of 77.6% in Roya Developments. Thus the total ownership structure of Roya is 77.6% Pioneers Holding, 16% Engineer Hisham Shoukry and 6.4% other investors. Roya Developments offers elegance, uniqueness and innovation in its projects that include Stone Park, The Hills, Telal North Coast, Telal Soul and Telal El Sokhna.