Orascom Development Egypt (ORHD)

• Stock
• Company Profile
• News
• Announcements
• Fair Values
• Corporate Actions
• Earning Announcements
• News Reports
• Insider Trades
• Volume Statistics
• Financial Ratios
• IPOs
• Financial Statements
• Support and resistance
• More

News

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

15 November 2021 01:46 PM Orascom Development Egypt's profits hike 240% in 9M

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 …

Financial Results

12 October 2021 11:22 AM Orascom Development posts EGP 6.2bn real estate sales in nine months

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 …

Real estate

23 September 2021 05:46 PM Orascom announces operation of two new schools in O West

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 …

Real estate

16 August 2021 11:20 AM Orascom Development Egypt's H1 profit skyrockets 342%

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 …

Financial Results

3 August 2021 00:30 PM Orascom Development receives $33.9m compensation claim from Ministry of Environment

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 …

Company News

3 June 2021 03:34 PM EGX executes EGP 1.9m deal on ODE's shares

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), …

Insider Trading & Treasury Stocks

25 May 2021 03:45 PM Orascom plans EGP 80bn investments in O West; restructures $265m loans

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 …

Companies Investments

10 May 2021 11:22 AM Orascom Development Egypt's profit jumps 377% in Q1-21

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 …

Financial Results

16 March 2021 11:50 AM Orascom Development Egypt's profit down 22% in 2020

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 …

Financial Results

23 February 2021 00:13 PM Orascom Development Egypt reports 32% higher real estate sales in Q4-20

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 …

Company News

31 December 2020 05:06 PM ODE temporarily halts construction of project in Amoun, Qelada islands

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 …

Company News

14 December 2020 10:52 AM Orascom Development sells stake in New City Housing for EGP 128.6m

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 …

Companies Investments

23 November 2020 11:08 AM Orascom Development inks $265m loan deal with four banks

Cairo – Mubasher: Orascom Development Egypt (ODE) signed a medium-term loan agreement worth $265 million to refinance and upsize its outstanding debt. The seven-year term loan has a grace period of two and half years, the company said in a bourse …

Banking and Finance

18 November 2020 11:26 AM Samih Sawiris still in talks to sell stake in Orascom Housing Communities

Cairo – Mubasher: Orascom Development Egypt (ODE) responded to news about Samih Sawiris selling an 85% stake in Orascom Housing Communities to an unnamed British investment fund. The company said that negotiations are still ongoing and any other …

Companies Investments

15 November 2020 01:37 PM Orascom Development Egypt’s profit falls 30% in 9M

Cairo – Mubasher: The consolidated net profits of Orascom Development Egypt (ODE) slid by 29.7% year-on-year (YoY) to EGP 357.4 million in the first nine months of 2020 from EGP 501.2 million, including minority shareholders’ rights. The company’s …

Financial Results

16 August 2020 10:58 AM Orascom Development Egypt's profit slides 57% in H1-20

Cairo – Mubasher: Orascom Development Egypt (ODE) posted a 57% year-on-year (YoY) decrease in its net profits, logging EGP 168.35 million during the first half (H1) of 2020, compared to EGP 393.75 million. The company’s revenues retreated to EGP …

Financial Results

6 August 2020 10:58 AM Orascom Development Egypt sells land in El-Gouna for EGP 105m

Cairo – Mubasher: Orascom Development Egypt (ODE) signed a land sale agreement with Mangroovy for Hotels. Under the deal, Mangroovy for Hotels will purchase a land plot in El-Gouna over an area of 40,654 square metres for EGP 104.8 million ($6.6 …

Real estate

4 August 2020 00:28 PM Orascom Development Egypt names new CEO

Cairo – Mubasher: The board of directors of Orascom Development Egypt (ODE) announced the appointment of Omar El-Hamamsy as CEO effective 1 September. El-Hamamsy joins ODE from McKinsey & Company where he serves as a senior partner in the Middle …

Board of Directors

8 June 2020 00:08 PM Orascom Development Egypt's profit down 51% in Q1-20

Cairo – Mubasher: The consolidated financial statements of Orascom Development Egypt (ODE) posted net profits of EGP 91.85 million in the first quarter of 2020, down by 51.29% from EGP 188.59 million in the year-ago period. The company’s revenues …

Financial Results

4 June 2020 11:29 AM Orascom Development inks third school deal for O West

Cairo – Mubasher: Orascom Development Egypt (ODE) signed its third school development agreement with Nermien Ismail Schools (NIS), continuing to deliver on its accelerated land bank monetisation strategy and securing EGP 535 million worth of cash …

Real estate

11 May 2020 11:01 AM Orascom Development to gradually reopen El-Gouna hotels by mid-May

Cairo – Mubasher: Orascom Development Egypt announced the gradual reopening of its hotels in El-Gouna starting from 15 May. All El-Gouna hotels will be open by 21 May, while Taba Heights Hotels will be reopened on 21 May, the company said in a …

Company News