Orascom Construction PLC News - Mubasher Info
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Orascom Construction PLC (ORAS)

Last update: 10 July 01:25 PM market time.
264.19
2.57
0.98%
Open 261.12
Previous Close 261.12
High 269.50
Low 262.25
Stock Statistics
Volume 200,539
Turnover 53,266,952.00
All data are 15 minutes late during market session

News

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30 June 03:57 PM TSFE partners with Fertiglobe, Scatec, Orascom Construction for green hydrogen project
Cairo – Mubasher: The Sovereign Fund of Egypt (TSFE) and Orascom Construction have signed an agreement with Norway’s Scatec and UAE-based Chemical industry company Fertiglobe to launch a green hydrogen project in at the port of Sokhna with a …
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21 May 03:40 PM Orascom Construction logs $50m consolidated profits in Q1-24
Cairo – Mubasher: Orascom Construction recorded an annual leap in consolidated net profit to $49.80 million during the first quarter (Q1) of 2024, compared to $40.10 million. Revenues dropped by 4.80% year-on-year (YoY) to $766.30 million in Q1-24 …
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28 April 10:31 AM Orascom Construction’s board proposes $0.2/shr dividends for 2023
Cairo – Mubasher: Orascom Construction’s board recommended the disbursement of $0.20 per share in cash dividends for 2023. Dividends are scheduled to be paid in August 2024, according to a bourse filing. Shareholders in Nasdaq Dubai receive their …
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7 February 07:02 PM Orascom Construction unveils cash dividends
Cairo – Mubasher: Orascom Construction announced a dividend distribution of EGP 5.88 per share for the nine-month period that ended on 30 September 2023. The company will pay the cash dividends for eligible shareholders on 22 February 2024, …
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30 November 2023 11:19 AM Orascom Construction’s 9M-23 consolidated profit leap 98.6%; backlog hit $7bn
Cairo – Mubasher: The consolidated net profits attributable to shareholders of Orascom Construction hit $114.80 million in the first nine months (9M) of 2023, an annual hike of 98.60% from $57.80 million. Revenues amounted to $2.36 billion in …
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12 September 2023 09:10 AM Elsewedy Electric, Orascom Construction deny obtaining loan from African Export-Import Bank
Cairo – Mubasher: Elsewedy Electric Company and Orascom Construction refuted reports claiming that they obtained a $200 million loan from the African Export-Import Bank. The two companies said the circulated news is not correct, affirming that …
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30 August 2023 03:25 PM Orascom Construction posts $133m consolidated profits in H1-23; backlog hits $5.5bn
Cairo – Mubasher: Orascom Construction recorded consolidated net profits standing at $132.90 million in the first half (H1) of 2023, versus $40.50 million in H1-22, including minority shareholders’ rights. The real estate developer posted revenues …
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30 August 2023 11:59 AM Orascom Construction inks EGP 1.92bn deal with Eagle Hills
Cairo – Mubasher: Orascom Construction and Eagle Hills Properties signed a development agreement worth EGP 1.92 billion to carry out the first phase of the Soul Luxury Beach Resort. The construction and implementation hold a duration period of 34 …
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1 June 2023 03:17 PM Orascom Construction registers higher consolidated profits in Q1-23
Cairo – Mubasher: Orascom Construction posted consolidated net profits amounting to $40.10 million in the first quarter (Q1) of 2023, higher than $15.30 million in Q1-22. Earnings per share (EPS) increased to $0.31 as of 31 March 2023 from $0.11 …
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24 May 2023 11:54 AM ANDOC, TAQA, Orascom Construction join Metito for project worth up to $2.4bn
UAE - Mubahser: A consortium of Abu Dhabi National Oil Company (ADNOC), Abu Dhabi National Energy Company (TAQA), Orascom Construction, and Metito partnered for a joint project estimated at up to $2.40 billion, equivalent to AED 8.80 billion. The …
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17 May 2023 10:41 AM Orascom Construction unveils EGP 1.8bn equity sale agreement
Cairo – Mubasher: Orascom Construction has sold its entire stake in its construction chemicals subsidiary to Switzerland-based Sika at a value of EGP 1.80 billion, before tax, according to a bourse disclosure. This aligns with the EGX-listed …
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26 March 2023 11:10 AM Orascom Construction posts higher consolidated profits at nearly $134.5m in 2022
Cairo – Mubasher: Orascom Construction logged consolidated net profits after tax worth $134.30 million in 2022, higher than $125.30 million in 2021, including minority interest. Revenues hiked to $4.17 billion last year from $3.54 billion during …
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24 January 2023 01:35 PM Orascom Construction to distribute interim dividend of $0.18/shr
Cairo – Mubasher: The board of Orascom Construction Plc approved an interim dividend of USD 0.18 per share to the company’s shareholders for fiscal year (FY) ended on 31 December 2021, according to an official statement on Tuesday. The company …
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24 November 2022 00:24 PM Orascom Construction’s profits slide 17% in 9M-22
Cairo – Mubasher: The consolidated profits of Orascom Construction Plc retreated by 16.62% during the first nine months (9M) of 2022 to net $70.20 million from $84.20 million. Revenues of the EGX-listed firm grew to $3.05 billion during 9M-22, …
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8 November 2022 05:28 PM Commissioning of Africa’s 1st integrated green hydrogen plant starts
Cairo - Mubasher: Fertiglobe, the strategic partnership between ADNOC and OCI, announced the start of the commissioning of the first phase of the green hydrogen plant in Egypt's Ain Sokhna, during an event at COP27.  The event was attended by …
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2 November 2022 11:14 AM Ora Developers Egypt pens EGP 2.5bn contract with Orascom Construction
Cairo - Mubasher: Ora Developers Egypt announced that its respective subsidiary has signed an EGP 2.50 billion construction agreement with leading contractor Orascom Construction for the construction of phase 1 of Silversands project situated at …
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17 October 2022 10:48 AM Orascom Construction adds $670m of new awards in Q3-22
Cairo – Mubasher: Orascom Construction Plc has added $670 million of new awards to its backlog in the third quarter (Q3) of 2022. This brings total new awards in the first nine months of 2022 to $3.10 billion, according to a stock exchange …
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28 September 2022 11:04 AM Orascom Construction to build, operate strategic warehouse in Egypt
Cairo – Mubasher: Orascom Construction Plc has signed an agreement with the Internal Trade Development Authority (ITDA) to build, own, and operate a strategic warehouse in Egypt's Fayoum governorate. The strategic warehouse is part of the first …
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21 September 2022 09:42 AM Sustainable Capital Africa Alpha Fund raises stake in Orascom Construction
Cairo – Mubasher: Sustainable Capital Africa Alpha Fund purchased 35,000 shares in Orascom Construction Plc on 18 September 2022 at a price of EGP 64.33 per share. Following this transaction, Sustainable Capital Africa Alpha Fund’s ownership in …
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31 August 2022 00:43 PM Orascom Construction logs lower earnings in H1-22
Cairo – Mubasher: Orascom Construction Plc recorded net earnings of $40.50 million in the first half (H1) of 2022, down from $53.40 million in the same period in 2021. Basic earnings per share (EPS) registered $0.29 in H1-22, compared to $0.41 in …
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2 August 2022 10:52 AM Orascom Construction adds $1.8bn to Q2-22 backlog
Cairo - Mubasher: Orascom Construction Plc announced adding new awards worth $1.8 billion to its backlog in the second quarter (Q2) of 2022. This brings the total value of new awards over the first half (H1) of fiscal year (FY) 2022 to $2.4 …
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29 May 2022 01:04 PM Egypt signs contract with Siemens to build world’s 6th largest high-speed rail system
Cairo – Mubasher: The Egyptian National Authority for Tunnels (NAT) has signed a contract with Germany’s Siemens Mobility and its consortium partners, Orascom Construction and The Arab Contractors, to build the sixth largest high-speed rail …
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23 May 2022 00:42 PM Orascom Construction's unit, Al Ahly Capital to develop industrial park
Cairo - Mubasher: Suez Industrial Development Company (SIDC) has signed an agreement with Al Ahly Capital Holding (ACH), an investment arm of the National Bank of Egypt (NBE), to jointly establish an industrial park in Abu Rawash (Giza) in Egypt. …
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22 May 2022 10:58 AM Orascom Construction's profits down 45% in Q1-22; dividends proposed
Mubasher: The consolidated net profits attributable to the owners of Orascom Construction Plc retreated by 45.1% to $13.1 million in the first quarter (Q1) of 2022 from $23.9 million in the same period of 2021. The company generated revenues of …
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22 March 2022 00:27 PM Orascom Construction sees 25% higher profits in 2021
Mubasher: The consolidated net profits attributable to the owners of Orascom Construction Plc increased by 24.8% to $113.4 million in 2021, compared to $90.0 million in 2020. The company generated revenues of $3.54 billion in 2021, up 5.1% …