ODE Seals USD 265 mn Loan Agreement

• Tuesday, 24th November 2020
• by Invest Gate

Orascom Development Egypt (ODE) has sealed a medium-term loan deal worth USD 265 mn (EGP 4.1 bn) to refinance outstanding debt and bankroll growth plans.

Egypt Secures EGP 16 mn Belgian Grant for Baron Palace

• Tuesday, 17th September 2019
• by Invest Gate

Egypt and Belgium signed a Memorandum of Understanding (MoU) to fund Heliopolis’ Baron Empain Palace restoration, with EGP 16 mn, a step coming merely two months ahead of the iconic spot's grand opening.

Orascom Eyes Buying Shares in Sawiris’ Andermatt Swiss Alps

• Wednesday, 9th January 2019
• by Invest Gate

Egypt-based Orascom Development Holding entered into an agreement with its Chairman Samih Sawiris for the potential purchase of 1% and one share of Andermatt Swiss Alps (ASA), a real estate firm managed by Sawiris ...

Arabtec Asks Banks to Waive Debt Terms

• Wednesday, 19th April 2017
• by Nayrouz Talaat

Dubai-listed Arabtec Holding is asking banks to waive terms on its debt after it reported accumulated losses of AED 4.6 bn (USD 1.25 bn) last year, Invest-Gate reports.