ODE
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Developers
Orascom Achieves 32.3% Increase in Real Estate Sales
Sunday, 28 February 2021
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.
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Developers
Ghabbour, Other Investors Acquire NCHD for USD 50 mn
Monday, 21 December 2020
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 companies owned by Raouf Ghabbour, in a move valued at USD 50 mn (EGP 787.1 mn).
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Developers
ODE Sells 35.25% Stake in Subsidiary for Almost EGP 129 mn
Tuesday, 15 December 2020
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 reinforce core business areas.
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Developers
ODE’s Makadi Heights to Soon See Integrated Telecom Services
Tuesday, 1 December 2020
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 Egypt - WE.
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Developers
ODE Seals USD 265 mn Loan Agreement
Tuesday, 24 November 2020
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.
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Developers
Orascom Development’s O West Sponsors GFF 2020
Wednesday, 14 October 2020
O West, Orascom Development Egypt’s (ODE) first home project in Cairo, has announced its sponsorship of the El Gouna Film Festival (GFF), which will be held from October 23 to 31.
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Developers
ODE, Mangroovy for Hotels Ink EGP 105 mn El Gouna Land Sale Deal
Monday, 10 August 2020
Mangroovy for Hotels and Orascom Development Egypt (ODE) have signed a land sale contract worth EGP 104.8 mn for merely 40,654.5 square meters of land area in its Red Sea resort town of El Gouna.
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Developers
ODE Releases its Consolidated Financial Results for FY 2019
Sunday, 12 April 2020
Orascom Development Egypt (ODE) closed 2019 on a solid operational and financial stance, achieving FY 2019's targets, and recording EGP 6.9 bn of net real estate sales, the highest value in ODE’s history, Invest-Gate reports.
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Developers
ODE Inks EGP 450 mn Deal for Two Schools in O West
Monday, 9 March 2020
Egypt's developer Orascom Development Egypt (ODE) signed a cooperation agreement with Cairo for Investment and Real Estate Development (CIRA) to establish two schools at O West integrated community in the 6th of October City, with a total investment of EGP 450 mn
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Investment
Samih Sawiris Takes Over German Thomas Cook
Sunday, 8 December 2019
Billionaire business tycoon Samih Sawiris, through his Raiffeisen Touristik (RT) Group, has acquired the German travel agency franchise system of Thomas Cook, after the latter reported a major drop in sales and went bankrupt in late September.
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Stock | Price | Change % | Volume |
EHDR | 0.81 | -3.49% | 6,230,398 |
ELSH | 4.77 | 0.00% | 20,145 |
UNIT | 4.36 | 0.00% | 20,509 |
OBRI | 35.00 | -8.94% | 4,367 |
EMFD | 2.37 | -0.84% | 685,654 |
Last Modified March 4, 2021