Orascom Development Egypt News - Mubasher Info
KSA
Mubasher TV
 Contact Us Advertising   العربية
KSA
TDWL Open
22 April 11:31 AM

Orascom Development Egypt (ORHD)

Last update: 10:08 AM market time.
31.28
-0.62
-1.94%
Open 31.90
Previous Close 31.90
High 31.90
Low 31.05
Stock Statistics
Volume 285,702
Turnover 8,964,287.00
All data are 15 minutes late during market session

News

O West features 950 residential units with around EGP 3.3 billion in investments
3 March 2019 01:07 PM Orascom Development launches 1st project in 6th of October city
Cairo – Mubasher: Orascom Development Egypt on Sunday announced the launch of its first flagship project in 6th of October city, named 'O West'. O West features 950 residential units with around EGP 3.3 billion in investments, the company said in …
Companies Investments
Egypt was cooperating with donors in sanitation projects in 17 governorates
9 February 2019 02:52 PM Orascom Development, Hassan Allam Sons negotiate cooperation with HCWW
By: Fahd Omran Cairo – Mubasher: Egypt’s Holding Company for Water and Wastewater (HCWW) is in talks with a group of local companies to execute many drinking water and sanitation projects. Orascom Development Egypt and Hassan Allam Sons are …
Companies Investments
18 December 2018 04:42 PM Orascom Development, Thomas Cook ink EGP 200m hotel deal
Thomas Cook to launch two-own brand hotels in Egypt
Global Economy
12 December 2018 00:07 PM Orascom Development, NUCA to develop project in 6th of October
NUCA will receive nearly 26% in proceeds from the property sales in the first eight years of the project
Global Economy
Net profit amounted to EGP 276.06 million in the nine-month period ended September
12 November 2018 01:38 PM Orascom Development logs EGP 276.06m profit in 9M
Cairo – Mubasher: Orascom Development Egypt on Monday reported a modest increase in consolidated profits for the first nine months of 2018, as compared with the same period last year. Net profit amounted to EGP 276.06 million in the nine-month …
Financial Results
The general assembly also agreed to finance the capital increase to fund the company’s motivation and reward system
11 November 2018 01:36 PM Orascom Development OKs EGP 22.16m capital hike
Cairo – Mubasher: Orascom Development Egypt on Sunday said that its extraordinary general meeting (EGM) had agreed to raise the company’s issued and paid-up capital to EGP 1.13 billion from EGP 1.10 billion. The EGM approved an EGP 22.16 million …
Corporate Actions
The American firm has set the market capitalisation of the remaining lands of El Gouna at nearly EGP 32.5bn
22 October 2018 02:30 PM US firm evaluates Orascom Development’s assets at $2.1bn
Cairo – Mubasher: Orascom Development Egypt on Monday said that the US-based commercial real estate services and investment firm CBRE Group has evaluated some of the Egyptian company’s assets at a value of $2.1 billion, which is 42 times higher …
Companies Investments
Trading on the stock will remain on hold until the Egyptian bourse receives a statement from the company
22 October 2018 00:15 PM EGX suspends trading on Orascom Development
Cairo – Mubasher: The Egyptian Exchange (EGX) has suspended trading on Orascom Development Egypt’s stock as of Monday, 22 October. Trading on the stock will remain on hold until the Egyptian bourse receives a statement from the company, the EGX …
Management Decisions
Orascom Development seeks to finance the company’s motivation and reward system with EGP 22.16 million
1 October 2018 00:29 PM Orascom Development eyes EGP 22m fund for motivation, reward system
Cairo – Mubasher: Orascom Development Egypt is looking to finance the company’s motivation and reward system with EGP 22.16 million. The company will finance the capital increase in light of the extraordinary general meeting’s (EGM) decision of …
Corporate Actions
The board approved an EGP 22.16 million capital increase through issuing 22.16 million shares at a nominal value of EGP 1/shr
25 September 2018 01:28 PM Orascom Development OKs EGP 22.16m capital hike
Cairo – Mubasher: Orascom Development Egypt’s board of director has agreed to raise the company’s issued capital to EGP 1.13 billion from EGP 1.108 billion to finance the company’s motivation and reward systems. The board approved an EGP 22.16 …
Corporate Actions
Revenues grew to EGP 873.8 million in the six-month period ended June
14 August 2018 00:59 PM Orascom Development logs EGP 185m profit in H1
Cairo – Mubasher: Orascom Development Egypt on Tuesday reported a 4.7% year-on-year increase in consolidated profits for the first half of 2018, recording EGP 184.61 million from EGP 176.29 million. Revenues grew to EGP 873.8 million in the …
Financial Results
The construction of the administrative building is set to complete in June 2019
26 June 2018 00:26 PM German firm to rent El Gouna’s 1st office building
Cairo – Mubasher: Orascom Development Egypt has signed a nine-year lease agreement with a German company, under which the latter will rent the first administrative building established by Orascom in El Gouna. Under the deal, the German firm, whose …
Companies Investments
The OGM has agreed to sell 8.4 million shares, or 84.62%, of Tamweel Real Estate Development
25 June 2018 11:56 AM Orascom Development OGM nods to stake sale in Tamweel Group
Cairo – Mubasher: The ordinary general meeting (OGM) of Orascom Development Egypt has approved the sale of its stake in Tamweel subsidiaries at a value of EGP 305.3 million. The OGM has agreed to sell 8.4 million shares, or 84.62%, of Tamweel Real …
General Assembly
In May, Orascom Development announced it signed an agreement to sell its 87% stake in Tamweel Group at EGP 360m
24 June 2018 11:47 AM Orascom Development Oks FV studies for Tamweel Group at EGP 352m
Cairo – Mubasher: The board of Orascom Development Egypt has approved the study of fair values (FVs) set for its Tamweel subsidiaries at a combined amount of EGP 352 million. The FVs, conducted by Fincorp Investment Holding, include 8.4 million …
Insider Trading & Treasury Stocks
Orascom Development signed an agreement to sell its 87% stake in Tamweel Group to a consortium of investors
24 May 2018 01:01 PM Orascom Development to sell 87% stake in Tamweel Group
Cairo – Mubasher: Orascom Development Egypt has signed an agreement to sell its 87% stake in Tamweel Group to a consortium of investors. It is worth noting that Orascom’s stake in Tamweel Group makes up around EGP 313 million of a total of EGP 360 …
Companies Investments
The recommendation was mainly driven by the value of El Gouna’s residual land
15 May 2018 03:41 PM Pharos Research maintains ‘Overweight’ for Orascom Development on FV of EGP13/shr
Cairo – Mubasher: Pharos Research has affirmed their ‘Overweight’ recommendation for Orascom Development Egypt’s stock based on a fair value (FV) of EGP 13 per share. The recommendation was mainly driven by the value of El Gouna’s residual land, …
Stock Evaluations
evenues surged to EGP 654.9 million in the three-month period ended last March
15 May 2018 11:13 AM Orascom Development Q1 profit rises 9%
Cairo – Mubasher: Orascom Development Egypt on Tuesday reported a 9% year-on-year increase in consolidated profits for the first quarter of 2018, recording EGP 83.08 million from EGP 75.9 million. Revenues surged to EGP 654.9 million in the …
Financial Results
The FRA has approved the splitting of the stock’s nominal value to EGP 1 from EGP 5
29 April 2018 01:01 PM Orascom Development OGM nods to EGP1/shr dividends
Cairo – Mubasher: The ordinary general meeting (OGM) of Orascom Development Egypt has approved dividends distribution of EGP 1 per share to shareholders. The Financial Regulatory Authority (FRA) has approved the splitting of the stock’s nominal …
Cash Dividends
Egyptian mogul Samih Sawiris joins UAE RAK Properties executive committee
22 April 2018 02:14 PM Egyptian mogul joins UAE's RAK Properties' executive committee
Abu Dhabi – Mubasher: The board of RAK Properties, listed on the Abu Dhabi Securities Market (ADX), has decided to hire the Egyptian businessman Samih Onsi Sawiris as a member of the company’s executive committee. This came after Sawiris has been …
Management Decisions
Orascom Holding has sold 18.16 million shares at a value of EGP 608.4 million
16 April 2018 00:57 PM Orascom Holding sells EGP 608.4m stake in Orascom Development
Cairo – Mubasher: Pharos Holding for Financial Investments said that Orascom Development Holding AG has cut its shares in Orascom Development Egypt to 76.59% from 84.79%. Orascom Holding has sold 18.16 million shares at a value of EGP 608.4 …
Corporate Actions
About 8.2% of the company’s shares were sold to investors through private transactions on the EGX
16 April 2018 00:51 PM Orascom Development Egypt raises free-float shares to 25%
Cairo – Mubasher: Orascom Development Holding AG, Orascom Development Egypt’s main shareholder, has sold 18.16 million shares in Orascom Development Egypt to boost free-float stake. About 8.2% of the company’s shares were sold to investors through …
Corporate Actions
The transaction was executed through 18.16 million shares
15 April 2018 00:59 PM Orascom Development sees EGP 608.4m deal Sunday - EGX
Cairo – Mubasher: The Egyptian Exchange (EGX) on Sunday said that a heavy trade transaction worth EGP 608.4 million was implemented on Orascom Development Egypt. The transaction was executed through 18.16 million shares, or EGP 33.5 per share, the …
Insider Trading & Treasury Stocks
The FV was driven by the Orascom’s residual land in El Gouna, which will be monetised in many ways
11 April 2018 02:51 PM Pharos Research upgrades Orascom Development FV to EGP 65/shr
Cairo – Mubasher: Pharos Research has raised their fair value (FV) for Orascom Development Egypt to EGP 65 per share, maintaining their “Overweight” recommendation. The FV was driven by the Orascom’s residual land in El Gouna, which will be …
Stock Evaluations
The deal came as part of the dispute settlement between Orascom for Housing and NUCA
10 April 2018 00:42 PM Orascom Development, NUCA to develop 1,000-acre land in Western Cairo
Cairo – Mubasher: Orascom Development Egypt on Tuesday announced the establishment of Orascom Real Estate for Land Development Co in collaboration with the New Urban Communities Authority (NUCA) to develop land plots in Western Cairo. The deal …
Companies Investments
Orascom Development Egypt will implement the first phase of the Makadi Heights project
2 April 2018 10:06 AM Orascom Development to invest EGP 3m in Makadi Heights' 1st phase
Cairo – Mubasher: Orascom Development Egypt will implement the first phase of the Makadi Heights project located on Makadi Bay in the Red Sea Governorate at EGP 3 billion in investments. Spanning a million square metres, the first phase of the …
Companies Investments