Orascom Construction PLC News - Mubasher Info
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22 June 11:12 AM

Orascom Construction PLC (ORAS)

Last update: 11:47 AM market time.
56.16
1.05
1.89%
Open 55.85
Previous Close 55.70
High 56.75
Low 55.85
Stock Statistics
Volume 3,137
Turnover 176,174.65
All data are 15 minutes late during market session

News

H1 net profit reached $49.4 million - Photo Credit: Company's Website
24 August 2016 09:28 AM Orascom Construction Q2 profit down 22% YOY
  Cairo – Mubasher: Orascom Construction Ltd (OC) net profit for the first quarter of 2016 fell 22.4% year-over-year to $26.4 million from $34 million, according to a statement issued on Wednesday Over the first six-month period, net profit …
Financial Results
Orascom is currently executing €375 million contracts- (Photo Credit: Arabianeye-Reuters)
9 June 2016 10:54 AM OC, Arab Contractors JV inks €590m contract
Cairo- Mubasher: Orascom Construction Limited (OC) announced that its 50-50 joint venture with the Arab Contractors has signed a €590 million (EGP 5.9 billion) contract  with the National Authority for Tunnels (NAT) to execute phase 4B of Cairo …
Companies Investments
One of OC's projects (Photo Credit: Company Website)
26 May 2016 10:00 AM Orascom Construction profits grow 296.6% in Q1
Cairo-Mubasher: Orascom Construction Ltd (OC), listed on Egypt's bourse and NASDAQ Dubai, reported a 296.6% rise in its first-quarter consolidated profits, according to a press release. Net profits stood at $23 million (EGP 204.7 million) in …
Financial Results
The company will reduce the its capital through writing off 280,000 shares (Photo credit: Company website)
25 May 2016 11:34 AM Orascom Construction’s OGM approves capital reduction
Cairo – Mubasher: Orascom Construction Industries (OCI) said Wednesday that its ordinary general meeting (OGM) agreed to cut its issued capital to $118.04 million from EGP 117.76 million. The company will reduce the its capital through writing off …
General Assembly
Total contracts awarded worth EURO 375 million (Photo Credit: Arabianeye - Reuters)
9 May 2016 10:00 AM Egypt’s OC wins EUR 270m new Cairo metro line contracts
Cairo – Mubasher: Orascom Construction Limited (OC) has been awarded two extra contracts worth EUR270 million for executing the civil and track work of the third phase of Cairo Metro Line III, according to a press release.   Thus, OC’s share of …
Companies Investments
Photo Credit: Company's Website
4 May 2016 00:32 PM Orascom Construction’s shareholders to discuss financials 25 May
Cairo – Mubasher: The ordinary general meeting (OGM) of Orascom Construction (OC) will be held on 25 May 2016, said the company in a bourse filing. The ordinary meeting will look into FY15 financial statements and the appointment of Jerome Guiraud …
Corporate Actions
Photo Credit: Company's Website
4 May 2016 11:25 AM Orascom Construction names Jerome Guiraud Non-Executive Chairman
Cairo – Mubasher: Egypt's Orascom Construction has appointed Jerome Guiraud as its Non-Executive Chairman of the board, said the company in a bourse filing. The new chairman is replacing Nassef Sawiris and currently acting as non-executive …
Corporate Actions
OC posted losses in its first year as an independent company (Photo Credit: Company's Website)
26 April 2016 11:39 AM Orascom Construction posts $334m losses in FY15
Cairo – Mubasher: EGX and Dubai-listed contractor, Orascom Construction Ltd (OC), logged a net loss of $334.4 million (EGP2.961 billion) in the fiscal year 2015, the unaudited consolidated financial statements indicated. Meanwhile, the unaudited …
Financial Results
Photo Credit: Arabianeye - Reuters
6 March 2016 09:32 AM OC awarded $200m contracts in Algeria and Egypt
Cairo – Mubasher: Orascom Construction said it has awarded contracts worth $200 million for three industrial and infrastructure projects in Algeria and Egypt. The first contract in Algeria is part of a greenfield cement plant with a daily capacity …
Companies Investments
Photo Credit: Arabianeye - Reuters
24 January 2016 10:25 AM Siemens, Elsewedy Electric and OC sign integrity business agreements
Cairo - Mubasher:Siemens has signed project-specific compliance agreements with two of its key local partners in Egypt, ElSEWEDY ELECTRIC and Orascom Construction SAE (OC). The agreements will establish comprehensive integrity and clean business …
Companies Investments
Photo Credit: Arabianeye - Reuters
11 January 2016 09:33 AM OC signs $420m contracts to convert Egypt’s two power plants
Cairo – Mubasher: Orascom Construction (OC) said it has signed contracts to convert Assiut and West Damietta power plants in Egypt from simple to combined cycle. OC’s share in this deal amounts to nearly $420m, according to a press statement. Both …
Companies Investments
Photo Archive
6 January 2016 11:33 AM OC repays unit’s debt from rights issue proceeds
Cairo – Mubasher: Orascom Construction Ltd said Wednesday it used proceeds of its rights issue in repaying debts owed by a subsidiary, in addition to other financing. In a filing to Cairo bourse, the company added that it is currently carrying out …
Companies Investments
Photo Credit: Arabianeye - Reuters
3 December 2015 11:06 AM OCI OKs FV set by financial advisor for OCI N.V buy offer
Cairo - Mubasher: Orascom Construction Industries (OCI) said its board of directors has approved the obligatory tender offer submitted by OCI N.V to buy up to 329,601 shares of OCI. The board decision is based on the study prepared by the …
Corporate Actions
Photo Credit: Arabianeye - Reuters
26 November 2015 03:40 PM Orascom Construction Q3 revenues weighed by profit decline – Pharos
Cairo – Mubasher: The decline in profit margins of Orascom Construction Ltd, coupled with higher operating rates in the third quarter of 2015, weighed on the company’s revenues, said Pharos Research. OC, listed in both Cairo and Dubai, reported an …
Stock Evaluations
Photo Credit: Arabianeye - Reuters
23 November 2015 10:24 AM OC to distribute dividend of $0.36/shr
Cairo - Mubasher: Orascom Construction(OC) said it reported net income of $64 million in the first nine months of 2015. The company will distribute dividends of $0.6 per share, which a yield of 5.1%; first payment of $0.18 per share in Q1 2016 and …
Financial Results
Photo Credit: Arabianeye - Reuters
3 September 2015 03:27 PM Orascom Construction profits boosted by power projects – Report
Cairo – Mubasher: Orascom Construction achieved higher profit margins in the second quarter of 2015, thanks to participation in several of Egypt’s fast-track power plants projects, said Pharos Research in a report issued Thursday. “This confirms …
Stock Evaluations
Photo Credit: Arabianeye - Reuters
31 August 2015 01:36 PM Orascom Construction H1 profit rises to $45m
Cairo – Mubasher: Orascom Construction Ltd posted $44.7 million in consolidated net profit for the first half of 2015, while its second-quarter earnings amounted to $35.2 million, the company said in a bourse filing Monday. Unaudited standalone …
Financial Results
Photo Credit: Arabianeye-Reuters
31 August 2015 10:22 AM Orascom Construction backlog rises to $7.2bn in Q2
  Cairo – Mubasher: Orascom Construction (OC) reported robust backlog growth to $7.19 billion by the end of the second quarter of 2015, a rise of 51% year-on-year, while new awards surged 65% year-on-year to $2.56 billion. Backlog was mainly …
Company News
Photo Credit: Arabianeye - Reuters
13 August 2015 09:24 AM Orascom Construction unit warded $245m project
Cairo – Mubasher: Orascom Construction announced that The Weitz Co., a wholly-owned subsidiary, has been selected to design and build a new student housing project at Texas A&M University in College Station, Texas, USA for approximately $245 …
Company News
Photo Credit: Arabianeye - Reuters
22 June 2015 02:13 PM Orascom Construction Q1 standalone profit reaches $1.9m
Cairo – Mubasher: Orascom Construction Ltd, which is listed on Egypt and NASDAQ Dubai, said unaudited financial results for the first quarter of 2015 showed $1.87 million (EGP 14 million) standalone net profit. The company’s financing revenues …
Company News
Photo Credit: Arabianeye- Reuters
4 June 2015 11:00 AM Orascom Construction posts $9.5m profit in Q1
Cairo – Mubasher: Orascom Construction Ltd, which is listed on Egypt’s bourse and NASDAQ Dubai, said net profits for the first quarter of 2015 amounted to $9.5 million.Meanwhile, the company’s Q1 revenues reached $857.8 million, of which 35% and …
Financial Results
Photo Credit: Arabianeye-Reuters
30 April 2015 09:59 AM OC unit to build $101m hotel in US
Orascom Construction (OC) said Thursday that the Weitz Company,a wholly-owned subsidiary, has been selected to build the Iowa Events Center Hotel for a total project value of $101 million.The project, which will be located in Des Moines, Iowa, …
Corporate Actions
Photo Credit: Arabianeye-Reuters
22 March 2015 00:17 PM Orascom Construction says 52% owned by Sawiris family
Cairo-Mubasher: Orascom Construction Limited said the Sawiris family and their owned entities hold 52.01% of the company’s issued capital, or 60.2 million common shares listed on the Egyptian Exchange and NASDAQ Dubai.Nassef Sawiris and his owned …
Company News