Orascom Development Egypt (ORHD)

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News

8 December 04:38 PM Orascom Development unveils Makadi Heights' agreement with Egyptian government

Cairo - Mubasher: Makadi Heights for Tourism Development Company, a subsidiary of Orascom Development Egypt, has signed an agreement with the Egyptian government to develop a new 1.02 million square meters (sqm) land plot adjacent to the existing …

Real estate

26 October 02:11 PM Orascom Development Egypt’s stock reflects new positive indicators

Cairo - Mubasher: The weakly chart of Orascom Development Egypt’s stock shows a successful breakout attempt from a downtrend that has been ongoing for several months. This was supported by a weekly close above approximately EGP 23, which is a …

Trading Activities

7 September 06:26 PM Orascom Development to pay EGP 0.38/share cash dividends

Cairo - Mubasher: Orascom Development Egypt will distribute a cash dividend of EGP 0.38 per share to shareholders, with the disbursement scheduled for 25 September 2025. The dividend, corresponding to coupon number 3, will be available to …

Cash Dividends

13 August 04:52 PM Orascom Development records 222% leap in H1-25 consolidated net profits

Cairo - Mubasher: Orascom Development Egypt achieved consolidated net profits after tax worth EGP 3.03 billion in the first six months (6M) of 2025, marking a 222.10% year-on-year (YoY) jump from EGP 942.76 million. Revenues amounted to EGP 11.52 …

Real estate

18 May 08:01 AM Orascom Development Egypt kicks in 2025 with robust profits; revenues leap 54%

Cairo – Mubasher: Orascom Development Egypt commenced 2025 with strong financial results, showing a remarkable resilience in a challenging economic landscape. The EGX-listed group turned profitable at EGP 1.98 billion in the first quarter (Q1) of …

Real estate

12 November 2024 00:25 PM Orascom Development Egypt records highest sales at EGP 23.1bn in 9M-24

Cairo – Mubasher: Orascom Development Egypt logged real estate sales amounting to EGP 23.10 billion in the first nine months (9M) of 2024, marking a 77% year-on-year (YoY) increase. The company sustained its positive momentum, achieving impressive …

Financial Results

16 October 2024 03:34 PM Orascom Development Egypt completes $155m in debt financing with IFC

Cairo – Mubasher: Orascom Development Egypt inked a $155 million loan facility with the International Finance Corporation (IFC), which will be initially used to refinance the company’s existing debt. The financing will also be directed to fund …

Real estate

28 August 2024 02:56 PM Orascom Development Egypt unveils EGP 332m sale deal

Cairo – Mubasher: Orascom Development Egypt has sold a commercial building to Seoudi Supermarket within the O West commercial strip at a value of EGP 332 million. the transaction aims to integrate the first supermarket in the destination, which …

Companies Investments

13 August 2024 03:58 PM Orascom Development Egypt’s consolidated revenues skyrocket 65% in H1-24

Cairo – Mubasher: Orascom Development Egypt posted consolidated net profits valued at EGP 942.76 million in the first half (H1) of 2024, lower than EGP 1 billion in H1-23. Net revenues amounted to EGP 10.21 billion in H1-24, up 64.90% year-on-year …

Real estate

7 July 2024 10:08 AM Orascom Development’s unit finalises deal with Egyptian authorities for Makadi Bay land

Cairo – Mubasher: Orascom Development Egypt (ODE) announced that its subsidiary, Makadi Heights for Tourism Development, has concluded an agreement with the Tourism Development Authority for an additional grace period of 8.50 years for its …

Companies Investments

2 July 2024 01:22 PM Orascom Development Egypt unveils EGP 1.4bn sale deal

Cairo – Mubasher: Orascom Development Egypt (ODE) sold 145,266 square metres of land in El Gouna at a value of EGP 1.54 billion, according to a press release. The land sale, executed at 15 times its book value of EGP 101 million, marks the most …

Real estate

15 May 2024 00:26 PM Devaluation leads Orascom Development Egypt to EGP 984m loss in Q1-24

Cairo – Mubasher: Orascom Development Egypt (ODE) turned to a consolidated net loss of EGP 984.50 million in the first quarter (Q1) of 2024, versus a net profit of EGP 384 million in the corresponding quarter in 2023. Revenues leapt to EGP 4.17 …

Financial Results

11 March 2024 11:45 AM Orascom Development Egypt sees 63.5% higher profits in 2023

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 …

Real estate

14 February 2024 10:47 AM Orascom Development Egypt’s sales leap to EGP 19.5bn in 2023

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 …

Real estate

14 November 2023 11:13 AM Orascom Development Egypt’s 9M-23 profits jump 33%; new sales cross EGP 13bn

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 …

Financial Results

20 March 2023 05:51 PM Orascom Development Egypt records EGP 1.9bn consolidated profits in 2022

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 …

Real estate

30 January 2023 01:22 PM Orascom Development Egypt witnesses highest sales in 2022 unaudited results

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 …

Financial Results

14 November 2022 11:18 AM Orascom Development Egypt’s 9M-22 profits top EGP 1.5bn

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 …

Financial Results

27 October 2022 10:40 AM SolarizEgypt invests EGP 97m in solar power plant in Orascom Development’s El Gouna

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 …

Companies Investments

25 October 2022 10:26 AM Orascom Development Egypt to hire advisors to evaluate SODIC's offer to acquire unit

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 …

General Assembly

15 August 2022 10:52 AM Orascom Development Egypt’s profit soars to EGP 858.3m in H1

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 …

Real estate

21 July 2022 05:10 PM Orascom Development Egypt records highest H1 sales in history during 2022

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, …

Financial Results

18 May 2022 10:58 AM Orascom Development Egypt sees 6% higher profits in Q1-22

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' …

Financial Results

20 March 2022 11:31 AM Orascom Development Egypt's profits up 130% in 2021

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 …

Financial Results

15 December 2021 03:35 PM Samih Sawiris steps down as Chairman of Orascom

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 …

Management Decisions