Latest in Tag: Orascom Development Highlight
Latest in Tag: Orascom Development
Orascom Development invests EGP 97m in solar power plant in El-Gouna in cooperation With SolarizEgypt
The solar plant covers an area of 245,000 sqm with investments worth EGP 97m, producing 14 GWh annually.
‘Belcash’, Orascom Development to offer home renovation, education finance products
The partnership agreement with El Gouna included a new education finance product specifically offered to El Gouna International School, where parents will now have the opportunity to finance their kids’ tuition fees — partially or fully — over 6 to 12 equal monthly instalments. This product comes with minimal documentation requirements and instant approval to facilitate the whole experience for the El Gouna community.
Orascom Development’s real estate sales increase 43.4% to EGP 6.2bn in 9M 2021
El Gouna records 72.5% increase in net real estate sales to EGP 3.05bn in 9M 2021
Orascom Development records 40% real estate sales growth to EGP 4bn in H1 2021
Total revenue increased by 55.8% to EGP 3bn
Orascom Development receives notice of environmental compensation regarding El Gouna
Furthermore, ODE has not been given the opportunity to respond, whether technically or legally, to the allegations prior to receiving the notice.
O West by Orascom Development launches 1st phase of HillSide Villas
O West, a fully integrated town by Orascom Development located in the heart of Sixth of October, has announced the launch of the first phase of the HillSide Villas project.
Orascom Development reports 32.3% sales increase in Q4 2020
Company records FY 2019/20 revenues of EGP 5.0bn, net profits of EGP 571.3m, and cash balance of EGP 2.1bn
Orascom Development sees 32.3% increase in real estate sales in Q4 2020
Company announces it ended year on net sales of EGP 6.2bn
HC maintains overweight rating on Orascom Development stock
ODE stock takes hit due to tourism sector exposure, despite impressive real estate operations
Orascom Development brings Kent College to open first campus in O West
Total investment costs of the school will be up to EGP 500m. The school is expected to start operation in the third quarter (Q3) of 2022, a year before the delivery of the first real estate unit in O West.
Minimal impact from Thomas Cook on Orascom Development’s Group operations
Noteworthy, the agreement with Thomas Cook constitutes only 244 rooms out of Orascom Development’s portfolio of 7,082 rooms, so the short-term impact is expected to be minimal, the statement declared.
EGX lists Orascom Development Egypt on EGX30 index
The Egyptian Exchange (EGX) listed Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding, on the EGX 30 index on Monday, as the company met the trading standards of the index, which includes the country’s top 30 listed companies. The move follows the success of ODE in 2018, as it was one of the …
Orascom Development’s revenues record 39.2% increase in 9M18
Company’s net real estate sales reached EGP 1.7bn in 9M17
Orascom Development expects to launch partnership with Housing Ministry in Q1 2019
Company’s undeveloped land bank in Egypt reaches about 25m sqm, says CEO
El-Gouna International Squash Open, Orascom Development PSA Women’s World Championship to be held in El-Gouna
El-Gouna Squash Open is one of the seven biggest international squash tournaments
FTI to rank first among companies most beneficial to tourists by year’s end: Samih Sawiris
Orascom resorted to foreign investments over the past period due to the 2 exchange rates in the market