Orascom Development Egypt Reports Strong Financial Results for Q1 2024

Orascom Development Egypt (ODE) kicked off the year with a strong set of results, as revenue surged to EGP 4.2 bn, a remarkable increase of 41.4% year-over-year, Invest-Gate reports.

Orascom Development Egypt Unveils FY 2023 Consolidated Financial Results

ODE's fiscal year 2023 saw a significant surge in net profit, climbing by 63.5% year-on-year to reach EGP3.1 bn, Invest-Gate reports.

Orascom Development Egypt Releases Preliminary Unaudited KPIs for FY 2023

Orascom Development Egypt (ODE) has announced its preliminary real estate and hotel Key Performance Indicators (KPIs) for FY 2023, Invest-Gate reports.

Orascom Development Egypt Starts the Year with Strong Results

Orascom Development Egypt (ODE) starts the year with strong positive operational and financial results across all its destinations, recording a net profit of EGP 384 mn in the first quarter, Invest-Gate reports.

Orascom Development Egypt’s Revenue Jumps 45.6% YoY in 2022

The destination management revenue grows by 36% YoY to EGP 1.4 bn.

Orascom Development Inks Agreement with Egyptian Gov’t for El Gouna Projects

The agreement also grants the company the right to connect its lake network to the sea through two new water channels to naturally improve the water quality in its current and future projects, which positively imp ...

Orascom Development Egypt Generates EGP 11.1 Bn in Sales in 2022

Makadi Heights real estate reaches EGP 949.8 mn in 2022, compared to EGP 1.2 bn in 2021.

Orascom Development Egypt Logs 26.1% YoY Higher Net Income in 9 Months

The company’s total revenue surges to EGP 6.7 bn in 9 months to September 30th 2022 from EGP 4.9 bn in the same period a year earlier.

SODIC Presents Non-Binding Acquisition Offer for Orascom Development’s Real Estate Unit

ORE is the owner of O West, which is a mega real estate development located on 4.2 sqm in West Cairo.

Orascom Development Receives Non-Binding Acquisition Offer for Real Estate Arm

The offer pends fulfillment of several conditions, including the completion of due diligence, ODE’s corporate approvals, in addition to all relevant regulatory approvals.

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