Orascom Construction PLC News - Mubasher Info
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22 June 12:12 PM

Orascom Construction PLC (ORAS)

Last update: 09:56 AM market time.
793.00
0.00
0.00%
Open 793.00
Previous Close 793.00
High 796.00
Low 793.00
Stock Statistics
Volume 35,150
Turnover 27,909,318.00
All data are 15 minutes late during market session

News

The EGX
24 August 2019 09:30 PM Interest rate cut to boost 8 stocks on EGX
Cairo – Mubasher: The Central Bank of Egypt’s (CBE) decision to cut interest rates is expected to have a positive impact on the liquidity of the Egyptian Exchange (EGX), according to a report released by Beltone Research on Saturday. The cut of …
Stock Evaluations
Orascom Construction will design and build all infrastructure and civil works
5 August 2019 06:35 PM Orascom, Bombardier, Arab Contractors win $4.5bn monorail contract
Cairo – Mubasher: A consortium comprising Orascom Construction Plc, Canada’s Bombardier Transportation, and Arab Contractors signed a contract with the Cairo-based National Authority for Tunnels to design and construct two new monorail lines in …
Macroeconomics
Projects in Egypt represent around 50% of total new awards in Q2-19
8 July 2019 11:46 AM Orascom Construction adds $935m to backlog in Q2
Cairo – Mubasher: Orascom Construction Plc on Monday announced it has sealed new contracts worth $935 million (EGP 15.52 billion) during the second quarter of 2019. The new contracts brought the company’s total new awards to $1.4 billion in the …
Corporate Actions
The project aims at building a 54-kilometre monorail system that links the New Capital city with eastern Cairo
29 May 2019 10:48 AM Bombardier to build EUR 3bn Egyptian monorail in Derby
Mubasher: Bombardier Transportation has been awarded a EUR 3 billion project along with two Egyptian companies, Orascom Construction Plc and Arab Contractors, for the development of a monorail in Cairo. The project aims at building a 54-kilometre …
Macroeconomics
Orascom Construction logged a net profit of $33.7 million in Q1
27 May 2019 04:37 PM Orascom Construction in talks to set up monorail project
Cairo – Mubasher: Orascom construction Plc, listed on the Egyptian Exchange (EGX) and Nasdaq Dubai, is in negotiations with the Egyptian government to establish the 6th of October - new capital monorail project. No agreement has been reached yet, …
Companies Investments
Revenues retreated to $705.6 million in Q1-19
22 May 2019 02:36 PM Orascom Construction logs $33.7m profit in Q1
Cairo – Mubasher: Orascom construction Plc, listed on the Egyptian Exchange (EGX) and Nasdaq Dubai, reported a 3.7% year-on-year drop in its consolidated profits during the first quarter of 2019. Net profits registered $33.7 million in the …
Real estate
The plant is expected to have a capacity of 5 million square metres
2 May 2019 01:39 PM Egyptian consortium inks $739m water treatment project
Cairo – Mubasher: Orascom construction Plc has signed a $739 million contract to build the biggest water treatment plant in Egypt in collaboration with the Arab Contractors. The plant is expected to have a capacity of 5 million square metres, …
Companies Investments
Orascom's consolidated backlog reached $4.2 billion on 31 March
23 April 2019 01:09 PM Orascom Construction seals $475mn contracts in Q1
Cairo – Mubasher: Orascom Construction Plc has added new contracts worth $475 million to its backlog during the first quarter of 2019. Accordingly, the company’s consolidated backlog reached $4.2 billion on 31 March, according to a statement. New …
Companies Investments
Research firm maintains Orascom Construction FV at EGP 180
3 April 2019 05:07 PM Research firm maintains Orascom Construction FV at EGP 180
Cairo – Mubasher: Pharos Research has reiterated their fair value (FV) for Orascom Construction Plc at EGP 180 per share, with an ‘Overweight’ recommendation. The current FV is attractive and it will be re-evaluated again when profitability …
Stock Evaluations
Revenue narrowed down to $3.01 billion last year
27 March 2019 01:18 PM Orascom Construction FY18 profit hikes 82%; dividend proposed
Cairo – Mubasher: Orascom Construction Plc, listed on the Egyptian Exchange (EGX) and Nasdaq Dubai, on Wednesday reported an 82% year-on-year surge in consolidated profit for 2018. The international engineering and construction contractor has …
Cash Dividends
By 12:00 am Cairo time, Orascom’s stock lost 1.14% to EGP 106
31 January 2019 03:39 PM Orascom Construction hits over 1.5 yr low after exiting EGX30
By: Heba El-Kordy Cairo – Mubasher: Orascom Construction Plc’s stock has hit its lowest level since May 2017 after delisting on the Egyptian Exchange’s (EGX) benchmark EGX30 index. Almost eight stocks have exited from the EGX30 index, while others …
Trading Activities
21 January 2019 02:15 PM Orascom construction seals $2.3bn contracts in 2018
The new ongoing projects in Egypt and Africa accounted for 60% of the contracts’ value
Global Economy
The new ongoing projects in Egypt and Africa accounted for 60% of the contracts’ value
21 January 2019 01:19 PM Orascom construction seals $2.3bn contracts in 2018
Cairo – Mubasher: Orascom Construction Plc, listed on the Egyptian Exchange (EGX) and Nasdaq Dubai, on Monday announced it has added $825 million contracts to its under-construction businesses during the fourth quarter of 2018. The new ongoing …
Financial Results
The Egyptian Exchange (EGX) building in Cairo
16 January 2019 07:19 PM EGX may remove 8 stocks from benchmark – Beltone Research
Cairo – Mubasher: A group of eight companies are expected to be removed from the Egyptian Exchange's (EGX) benchmark EGX30 index for not meeting the trading value and cash outflows requirements, according to a report released on Wednesday by …
Trading Activities
The value of the Egypt-listed firm’s underway projects reached $4.5 billion
9 January 2019 06:21 PM Orascom Construction may achieve $3.5bn consolidated revenue in 2018
Cairo – Mubasher: The consolidated revenue of Orascom Construction is expected to range between $3 billion and $3.5 billion in 2018, the company’s managing director Osama Bishai said. The value of the Egypt-listed firm’s underway projects reached …
Financial Results
Net profits stood at $32.3 million during the three-month period ended September
28 November 2018 01:54 PM Orascom Construction logs $32.2m profit in Q3
Cairo – Mubasher: Orascom Construction, listed on the Egyptian Exchange (EGX) and Nasdaq Dubai, on Wednesday reported a 37% year-on-year increase in consolidated profit for the third quarter of 2018. Net profits stood at $32.3 million during the …
Financial Results
Egypt has acquired nearly 60% of these contracts
5 November 2018 01:28 PM Orascom Construction seals $520m new contracts in Q3
Cairo – Mubasher: Orascom Construction Ltd, listed on the Egyptian Exchange (EGX) and Nasdaq Dubai, on Monday announced that it has added $520 million contracts to its ongoing projects in the third quarter of 2018. Egypt has acquired nearly 60% of …
Companies Investments
Orascom Construction posted a 113% YoY profit hike
29 August 2018 05:53 PM Pharos Research keeps Orascom Construction’s FV at $11.4
Cairo – Mubasher: Pharos Research has kept the fair value of Orascom Construction’s stock at $11.4 (EGP 200), according to a company statement. The Egyptian construction firm’s US EBITDA margins are expected to increase 1.5% in the second six …
Trading Activities
The company's consolidated profit reached $87 million in H1
29 August 2018 01:10 PM Orascom Construction’s profit leaps 113% in 3M
Cairo – Mubasher: Orascom Construction reported a 113% year-on-year hike in net profit during the second quarter of 2018, recording $50.6 million (EGP 907.35 million). Revenue declined to $750.1 million in Q2-18 versus $947.2 million a year …
Financial Results
The museum is projected to embrace five million visitors a year
27 August 2018 01:45 PM Spanish firm wins $13m Grand Egyptian Museum deal from Orascom-Besix JV
Cairo – Mubasher: The Egyptian culture ministry and the joint venture (JV) of Brussels-based Besix and Orascom Construction have chosen Acciona Producciones y Diseño (APD) to develop four of the Grand Egyptian Museum’s exhibition halls at a value …
Companies Investments
“The execution schedule for both projects"
24 July 2018 07:40 PM Orascom, Siemens open 2 power plants in Egypt
Cairo – Mubasher: Orascom Construction has announced the inauguration of combined cycle power plants in the New Capital and Burullus area. Orascom Construction and Germany’s Siemens have completed two of the three mega power plants in Egypt with a …
Companies Investments
The project will follow a build-own-operate (BOO) model
23 July 2018 06:22 PM Orascom Consortium to develop biggest Wind Farm in Egypt
Cairo – Mubasher: Orascom Construction Limited, on Monday announced that it joined France’s ENGIE and Japan’s Toyota Tsusho Corporation/Eurus Energy Holdings Corporation in signing an agreement to build a new 500-Megawatt wind farm in Ras Ghareb, …
Companies Investments
Orascom has already begun executing part of these projects and signing related final documents
9 July 2018 10:05 AM Orascom construction seals $650m contracts in Egypt, US
Cairo – Mubasher: Orascom Construction Ltd has added $650 million contracts to its under-construction businesses in Egypt and the US during the second quarter of 2018. The international engineering and construction contractor has sealed $415 …
Companies Investments
Both firms will work on boosting the production capacity of the power plant to 1,500 megawatts
8 July 2018 02:08 PM Orascom Construction, Siemens to rebuild power plant in Iraq
Cairo – Mubasher: Orascom Construction Egypt will partner up with German industrial conglomerate Siemens to rebuild Baiji power plant in Iraq after it was destroyed by ISIS, Iraq's commercial attaché to Cairo Haidar Nouri Al-Jabr said. He added …
Companies Investments
Financing revenues retreated to $6 million at the end of May
2 July 2018 05:18 PM Orascom Construction incurs $537,600 loss in 5M
Cairo – Mubasher: Orascom Construction Ltd on Monday unveiled it has turned to losses during the first five months of 2018, recording a net loss of $537,600 from $6.48 million in profits in the period-year period. Financing revenues retreated to …
Financial Results