Orascom Development Egypt (ORHD)

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News

12 July 2015 11:11 AM Orascom Hotels subsidiary inks 2 contracts with investor in Makadi project

Cairo-Mubasher: Orascom Hotels and Development said its subsidiary Roiaa Group for Real Estate Investment and Tourism has signed two contracts with an investor in Makadi project. The company said in a bourse statement that the contracts are to …

Corporate Actions

21 May 2015 10:35 AM Orascom Hotels Q1 profits jump 16%

Cairo – Mubasher: Orascom Hotels & Development (OHD) posted a 15.9% rise in net profits for the first quarter of the fiscal year 2015 to EGP 47.2 million, up from EGP 40.7 million in the same period a year earlier, according to a bourse filing …

Financial Results

10 May 2015 02:10 PM Orascom Hotels shareholders OK capital cut

Shareholders of Orascom Hotels & Development approved a capital reduction with the value of treasury stocks up to 300,849 shares.The company's board earlier gave a nod to cutting issued capital from EGP 1.109 billion to EGP 1.108 …

Corporate Actions

19 April 2015 10:49 AM Orascom Hotels to discuss financials 7 May

 Cairo – Mubasher: Orascom Hotels and Development (OHD) announced on Sunday that its ordinary general meeting (OGM) will discuss and approve the company’s financials for 2014 on 7 May.The OGM will also examine making changes to the board of …

Corporate Actions

14 April 2015 00:50 PM Orascom Hotels gets EGX nod to discuss capital cut

Cairo-Mubasher: The Egyptian Exchange (EGX) has approved a request from Orascom Hotels & Development (OHD) to hold an ordinary general meeting to look into reducing the company’s capital by the value of held treasury shares.OHD’s board earlier …

Company News

30 March 2015 11:33 AM Orascom Hotels turns to profit in 2014

Cairo-Mubasher: Orascom Hotels & Development (OHD) posted EGP 106.4 million in consolidated net profits for the fiscal year 2014, versus EGP 562.3 million in net losses a year earlier.Meanwhile, the company’s FY14 standalone financial results …

Financial Results

25 February 2015 10:53 AM ODH signs lease contract of Lastavica Island in Montenegro

Orascom Development Holding AG (ODH) announed that it has signed a preliminary contract for the long-term lease of the "Lastavica Island" with the "Mamula Fortress" which is located in the Bay of Kotor, Montenegro (the "Mamula Project"). The …

Corporate Actions

11 January 2015 11:03 AM Orascom Hotels develops real estate project worth $209m

Orascom Hotels and Development and its fellow company Red Sea Construction will develop a real estate project in Egypt at a total value of EGP 1.5 billion ($209 million) for Mangrove Real Estate Investment which is owned by business tycoon Ahmed …

Company News

4 January 2015 01:31 PM Orascom Hotels stock to start trading Tuesday

The Egyptian Exchange (EGX) announced on Sunday the execution of an offering on shares in Orascom Hotels & Development (OHD) with the aim of complying with listing rules.The offering was executed on 33.25 million shares.The company’s …

Company News

29 December 2014 00:34 PM OHD says seeking to cut bank loan commitments by EGP1bn

Orascom Hotels and Development (OHD) is planning to reduce its bank loan commitments by EGP1.0 billion by next year, OHD officials told Al Mal.Currently, the company has bank loan commitments standing at EGP2.6 billion.OHD …

Company News

25 December 2014 00:45 PM EGX approves sale of 10-15% in Orascom Hotels

The securities listing committee of the Egyptian Exchange (EGX) approved on Wednesday a request to offer 15% in Orascom Hotels and Development (OHD) at a minimum of 10% at EGP 15.2 per share.Orascom Development Holding (ODH) had filed …

Company News

14 December 2014 11:03 AM ODH files with EGX to sell 10-15% in Orascom Hotels stake

Orascom Development Holding (ODH) has filed with the Egyptian Exchange (EGX) and the market regulator to offer 10-15% of Orascom Hotels and Development (OHD), said investor relations manager Sara El Gawahergy.The company is currently …

Company News

25 November 2014 01:42 PM Orascom Development considers Orascom Hotels stake sale

The board of Orascom Development Holding - AG (ODH) has approved the sale of a stake ranging between 10% and 15% of the group’s shareholding in Orascom Hotels & Development (OHD).ODH cited improvement in the Egyptian economy and growing …

Corporate Actions

25 November 2014 00:15 PM Orascom Hotels swings to profit in nine months

Orascom Hotels & Development (OHD) has reported EGP 41.6 million consolidated net profit for the first nine months of FY14, against EGP 234.4 million consolidated net loss logged in the same period a year earlier.Meanwhile, …

Financial Results

26 August 2014 05:07 PM Orascom Hotels H1 loss shrinks 79% to EGP34 mln

Orascom Hotels & Development (OHD) posted EGP 34.347 million consolidated net loss for H1-14, narrowing 79.2% from EGP 164.948 million net loss in the same period a year earlier.Standalone financial results for H1-14 showed EGP 10.2 …

Company News

26 August 2014 00:22 PM Egyptian Resorts scraps plan to acquire OHD assets

The board of Egyptian Resorts Company (ERC) approved the cancellation of a plan to acquire select assets from Orascom Hotel & Development (OHD) and its sister companies, as a final agreement was not reached to finalize …

Corporate Actions

30 August 2012 00:57 PM Orascom Hotels logs EGP 94.9 mln consolidated losses in H1

Orascom Hotels and Development (OHD) released consolidated financial results for H1-12, which reflected EGP 94.877 million net losses, versus EGP 11.355 million net profit in the year-ago period. Meanwhile, standalone financial results for the same period