Orascom Development Egypt (ORHD)

Cairo – Mubasher: Orascom Development Egypt (ODE) recorded net profits valued at EGP 3.10 billion in 2023, marking a 63.50% year-on-year (YoY) leap, according to a press release. The higher profits were driven by record sales of EGP 19.40 billion …

Cairo – Mubasher: Orascom Development Egypt (ODE) surpassed all its previous records in real estate sales to reach EGP 19.50 billion in 2023, marking an annual surge of 74.90% from EGP 11.10 billion. The EGX-listed firm highlighted that …

Cairo – Mubasher: Orascom Development Egypt (ODE) logged net profits valued at EGP 2.03 billion in the first nine months (9M) of 2023, an annual leap of 32.90% from EGP 1.53 billion. The company registered higher profits despite being affected by …

Cairo – Mubasher: The consolidated net profits after tax of Orascom Development Egypt (ODE) hiked to EGP 1.90 billion in 2022 from EGP 1.31 billion in 2021, including non-controlling interest. The revenues amounted to EGP 10.26 billion in 2022, an …

Cairo – Mubasher: Orascom Development Egypt (ODE) reported an annual hike of 20.70% in net sales to EGP 11.10 billion in 2022, according to the preliminary unaudited key performance indicators (KPIs). During the fourth quarter (Q4) of 2022, the …

Cairo – Mubasher: The consolidated net profits of Orascom Development Egypt (ODE) soared by 26.44% yearly during the first nine months (9M) of the year to EGP 1.53 billion, compared to EGP 1.21 billion, including minority shareholders’ rights. The …

Cairo - Mubasher: El Gouna, one of Orascom Development’s fully integrated sustainable towns, arranged a field visit to its solar plant in partnership with SolarizEgypt. The solar plant covers an area of 245,000 square meters, with investments …

Cairo – Mubasher: The board of directors of Orascom Development Egypt (ODE) met on Monday, 24 October to discuss the non-binding offer submitted by Six of October Development and Investment (SODIC) to acquire 100% of Orascom Real Estate.  The …

Cairo – Mubasher: The net profits of Orascom Development Egypt (ODE) grew by 15.3% year-on-year (YoY) during the first half (H1) of 2022 to EGP 858.30 million, compared with EGP 744.6 million, including minority shareholders’ rights. Revenues …

Cairo – Mubasher: Orascom Development Egypt has posted a 16.90% year-on-year (YoY) surge in sales to EGP 4.70 billion during the first half (H1) of 2022. The listed firm pointed out that the sales value marked the highest H1-record in its history, …

Cairo – Mubasher: The consolidated net profits of Orascom Development Egypt (ODE) rose by 5.7% to EGP 463.70 million in the first quarter (Q1) of 2022, compared to EGP 438.46 million in the same period of 2021, including minority shareholders' …

Cairo – Mubasher: The consolidated net profits of Orascom Development Egypt (ODE) jumped by 130% to EGP 1.31 billion in 2021, compared to EGP 571.32 million in 2020, including minority shareholders' rights. The company generated revenues of EGP …

Cairo – Mubasher: Egyptian business tycoon Samih Sawiris is stepping down from his position as the Chairman of Orascom Development Holding (ODH) and will not stand for re-election, according to a press release on Wednesday. Sawiris will be leaving …

Cairo – Mubasher: The consolidated net profits of Orascom Development Egypt (ODE) hiked by 239.5% to EGP 1.21 billion during the first nine months of 2021 from EGP 357.39 million in the year-ago period, including minority shareholders' rights. The …

Cairo – Mubasher: Orascom Development Egypt (ODE) achieved new real estate sales of EGP 2.2 billion in the third quarter (Q3) of 2021, a 50.3% year-on-year (YoY) increase from EGP 1.5 billion in Q3-20, the company's preliminary unaudited key …

By: Abdullah Bedeir  Cairo – Mubasher: Two new schools, namely Saxony International School (SIS) and British Columbia Canadian International School (BCCIS), have started operations in Orascom Development Egypt's (ODE) O West in the 6th of October …

Cairo – Mubasher: Orascom Development Egypt (ODE) recorded a 342.28% year-on-year (YoY) hike in its consolidated net profits, logging EGP 744.58 million in the first half (H1) of 2021, compared to EGP 168.35 million, including minority …

Cairo - Mubasher: Orascom Development Egypt (ODE) has received a letter from the Egyptian Environmental Affairs Agency, affiliated with the Ministry of Environment, demanding compensation worth $33.9 million regarding ODE's works in El Gouna. "The …

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a deal worth EGP 1.938 million was executed on the shares of Orascom Development Egypt (ODE). The transaction involved 1.93 million shares as part of the employee stock ownership plan (ESOP), …

By: Abdullah Bedeir  Cairo – Mubasher: Orascom Development Egypt (ODE) has launched 400 villas in its O West project in Sheikh Zayed with expected sales of EGP 3 billion within two years. The real estate developer plans to invest EGP 80 billion in …

Cairo – Mubasher: The net profits of Orascom Development Egypt (ODE) leapt by 377% year-on-year (YoY) to EGP 438.46 million in the first quarter (Q1) of 2021, compared to EGP 91.85 million, including minority shareholders’ rights. The company’s …

Cairo – Mubasher: Orascom Development Egypt (ODE) logged EGP 532.18 million in consolidated net profits in 2020, down by 21.6% year-on-year (YoY) from EGP 678.66 million. The profits attributable to minority interests rose to EGP 39.14 million …

Cairo – Mubasher: Orascom Development Egypt (ODE) announced that its net real estate sales surged by 32.3% year-on-year (YoY) to EGP 1.8 billion in the fourth quarter (Q4) of 2020, compared to EGP 1.4 billion. Over the course of 2020, net real …

Cairo – Mubasher: Orascom Development Egypt (ODE) announced that the construction of its project in Amoun and Qelada islands has been temporarily suspended.  The decision was taken due to the obstacles and difficulties facing the project for …

Cairo – Mubasher: The board of directors of Orascom Development Egypt (ODE) approved the sale of its 35.25% stake in New City Housing & Development previously known as Orascom Housing Communities (OHC). The total value of the transaction amounted …