Orascom Development sells equity stake in Oberoi Zahra for $4M

Mon, 08 Jul 2019 - 01:17 GMT

“The sale of Oberoi Zahra will result in cash proceeds of $2 million and proceeds from the sale will be geared towards the expansion plans of the group.”

Orascom Development sells 87% of its stake in Tamweel for LE360M

Tue, 18 Jun 2019 - 03:01 GMT

According to ODE’s statement, the share transfer has been executed after obtaining all necessary approvals and ODE will now start receiving the LE 313 million cash proceeds.

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.