Orascom Development Egypt Reports Strong Financial Results for Q2 2024

Orascom Development Egypt (ODE) has reported exceptional operational and financial performance, with a significant surge in net profit for Q2 2024, up by an impressive 210% to EGP 1.9 bn, resulting in a H1 2024 ne ...

ODE Records EGP 4.7 bn in Real Estate Sales in H1

Orascom Development Egypt (ODE) achieves real estate sales of EGP 4.7 bn in H1 2022, with 16.9% growth compared to H1 2021, Invest-Gate reports.

ODE Records EGP 4.7 bn in Sales in H1 2022

Orascom Development Egypt (ODE) announces its preliminary real estate and hotels KPIs for the period ended June 30th, Invest-Gate reports.

GAFI Cancels Land Reduction Decision Allocated to Makadi Heights

Orascom Development Egypt (ODE) announces that its subsidiary Makadi Heights for Tourism Development Company (Makadi Heights) has been notified by the Egyptian Tourism Development Authority (TDA) of a decision to ...

ODE Generates EGP 7.1bn in Revenues in 2021

Orascom Development Egypt (ODE) reports EGP 7.1 bn in revenues and EGP 1.3 bn in profits and closes the year with EGP 9.2 bn of net real estate sales, the highest value in ODE’s history, Invest-Gate reports.

Orascom Releases Consolidated Financial Results for 2020

Orascom Development Egypt (ODE) (EGX: ORHD.CA) has released its consolidated financial results for FY 2020, Invest-Gate reports.

Orascom Achieves 32.3% Increase in Real Estate Sales

Orascom Development Egypt (ODE) achieves an increase of 32.3% in 2020's quarter four property sales and ends the year with net sales of EGP 6.2 bn and cash balance of EGP 2.1 bn, Invest-Gate reports.

Ghabbour, Other Investors Acquire NCHD for USD 50 mn

Some Egyptian businessmen have recently acquired the New City Housing and Development Company (NCHD), a subsidiary of Orascom Development Egypt (ODE), through an English investment fund and one of GB Capital compa ...

ODE Sells 35.25% Stake in Subsidiary for Almost EGP 129 mn

Orascom Development Egypt (ODE) has signed off on selling a 35.25% stake in its subsidiary New City Housing and Development Company (NCHD), at a total cost of EGP 128.6 mn, in line with its strategic plans to rein ...

ODE’s Makadi Heights to Soon See Integrated Telecom Services

Orascom Development Egypt's (ODE) flagship project on the Red Sea coast of Hurghada, Makadi Heights, will soon see integrated telecommunication services, under the signing of a cooperation agreement with Telecom E ...

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