Tag: Orascom Development Egypt

Orascom Development Egypt completes landmark $37.4 land sale to Hassan Allam Properties in El Gouna

Orascom Development Egypt (ODE) announced the sale of a 110,000-square-meter land plot…

Daily News Egypt Daily News Egypt

ODE reports solid 1Q 2022 results, records revenues of EGP 1.9bn

Orascom Development Egypt (ODE) started the year on solid grounds with strong…

Fatma Salah Fatma Salah

ODE reports EGP 7.1bn of revenues in 2021

The company’s EBITDA reached EGP 2.5bn, an 82.0% increase vs. EGP 1.4bn…

Daily News Egypt Daily News Egypt

Orascom Development Egypt real estate sales record EGP 6.2bn in 9M 2021

El Gouna recorded EGP 3.05bn in sales, Makadi Heights achieved 854.7m, while…

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ODE reports revenues grow 61.5% to EGP 1.46bn in Q1 2021

Company reported strong performance for the quarter compared to same quarter of…

Alyaa Stohy Alyaa Stohy

ODE signs $265m medium-term loan to refinance outstanding debt

In a press statement on Monday, ODE said that it intends to…

Shaimaa Al-Aees Shaimaa Al-Aees

ODE reports 17.5% decrease in H1 revenues to EGP 1.9bn

Company’s sees decreased gross profit due to pandemic affecting business operations since…

Alyaa Stohy Alyaa Stohy

ODE appoints Omar El Hamamsy as Group CEO

El Hamamsy joins ODE from McKinsey & Company, where he is Senior…

Daily News Egypt Daily News Egypt

ODE to launch 2 NIS international schools in O West

NIS Schools will apply blended learning system featuring online, traditional face-to-face learning

Shaimaa Al-Aees Shaimaa Al-Aees

ODE records 10.5% revenues decline to EGP 903.8m in 1Q 2020

Group generated more savings in finance costs in 1Q 2020, with interest…

Daily News Egypt Daily News Egypt