Orascom Development Egypt

Orascom Development records profits of LE 744.58M in H1 of 2021

Mon, 16 Aug 2021 - 12:52 GMT

As per standalone results, Orascom recorded profits of LE 550.53 million in the first six months of 2021, compared to LE 206.33 million during the same months of 2020.

Orascom Development Egypt becomes institutional investor's only Egyptian “most honored company”

Tue, 08 Oct 2019 - 04:55 GMT

Orascom Development Egypt becomes institutional investor's only Egyptian “most honored company”

Orascom Development sells 2 hotels, land plot for LE 856M

Thu, 27 Dec 2018 - 04:08 GMT

Orascom Development Egypt announced the completion of selling its stake in two hotels and a land plot in the Makadi destination.

Orascom Development signs agreement with investment cost of LE200M

Wed, 19 Dec 2018 - 09:12 GMT

Orascom Development Egypt (ODE) announced that its hotel subsidiary Orascom Hotels Management (OHM) signed an agreement with Thomas Cook with a total investments of LE 200 million.

Orascom Development sells its stake in Tamweel Group

Thu, 24 May 2018 - 10:54 GMT

This sale will enable the company to deconsolidate the related debt of Tamweel Group which reached LE 1.1 billion by the end of March 2018.

Orascom to develop land in partnership with Urban Authority

Tue, 10 Apr 2018 - 10:05 GMT

Orascom Development Egypt will own about 70 percent of the new company’s shares and Sameh Sawiris will contribute the remaining 30 percent of the capital.

Orascom launches new project at Makadi Bay

Sun, 01 Apr 2018 - 05:03 GMT

The project is similar to the nearby El Gouna, coming out as a fully integrated resort town that takes into account all tastes.

Orascom to raise percentage of free trading shares to 25%

Sat, 31 Mar 2018 - 09:03 GMT

Orascom Development Egypt (ORHD) intends to increase the percentage of free trading shares on the Egyptian Exchange (EGX) to 25 percent in 2018, up from the current 15 percent.

Orascom Development sells 3 hotels, land plot for LE 882.6M

Tue, 20 Mar 2018 - 01:39 GMT

The Company will only be selling its stake in each, which will result in total cash proceeds of LE 492.8 million.

Orascom Development Egypt sells noncore assets

Sun, 25 Feb 2018 - 12:20 GMT

Orascom clarified that the proceeds of the sale will reduce the company’s debt by LE 1 billion.

Orascom Development Egypt’s net sales reach LE 1.5B

Wed, 17 Jan 2018 - 08:34 GMT

ODE will continue to seek an optimal balance in sheet structure and will continue its plans to reduce and restructure its debt, according to the press release.

EGX approves Orascom Development Egypt as new name for OHD

Wed, 27 Dec 2017 - 07:07 GMT

Orascom Hotels and Development’s shares will trade under the new name Orascom Development Egypt.

Orascom Development plans to settle some of its debts in 2018

Sat, 18 Nov 2017 - 12:16 GMT

The company wants to repay between LE 700 million and LE 1 billion of its debt in 2018

Pharos keeps overweight on Orascom Development, FV at LE 17.05

Wed, 16 Aug 2017 - 07:00 GMT

Orascom Development Egypt’s sales surged 96 percent year-on-year and 187.9 percent quarter-on-quarter to LE 533.4 million in the second quarter.

Orascom Development Egypt revenues hike 76.9% in H1

Tue, 15 Aug 2017 - 02:24 GMT

The hotels segment’s revenues hiked 145.2 percent to LE 448.8 million, rising from LE 183 million in H1 of 2016.