Viking Holdings (VIK) said Friday that its latest Nile River vessel, the Viking Thoth, had been officially floated out.

The company said the float-out ceremony took place at the Massara shipyard in Cairo, marking the start of the final construction phase.

Viking Thoth will will make its debut in October as part of the company's expanding fleet in Egypt, where it operates the 12-day Pharaohs & Pyramids itinerary.

In addition to the Viking Thoth, the company said it plans to introduce four new ships in Egypt over the next two years, bringing its fleet to 12 vessels on the Nile River by 2027.