A Nile cruiser sank in Aswan on Tuesday evening; the accident took place between Aswan and Kom Imbo in the area of al-Jaafera.
Around 112 passengers were rescued from the sinking ship and taken by bus to a hotel in Aswan, a source told Aswat Masriya.
Aswan's Director of security said that the Nile cruiser called "King of the Nile" hit a rock which caused some serious damages.
There were 110 Egyptians on board, and that the rest of the passengers were Brazilian.
It is worth mentioning that the Nile cruiser belongs to a tour company owned by the wife of the former parliamentarian Shahinaz al-Nagar, wife of Ahmed Ezz, a business tycoon in the era of the toppled Hosni Mubarak.