Orascom Eyes Buying Shares in Sawiris’ Andermatt Swiss Alps

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 ...

OIH Completes 30% Acquisition of Sarwa Capital

Egypt-based Orascom Investment Holding (OIH) has announced acquiring 30% (or about 216 mn shares) of structured- and consumer-finance player Sarwa Capital

Orascom Construction’s Adjusted Net Income Rise 208.5% in Q3 2018

Egypt-based Orascom Construction maintained its positive position in the third quarter of 2018, posting a 208.5% surge in its adjusted net income of USD 69.1 mn versus USD 22.4 mn in the year-ago period, excluding ...

Egypt’s Orascom Investment Seeks to Acquire 30% of Sarwa Capital

Egypt-based Orascom Investment Holding, formerly Orascom Telecom Media and Technology Holding (OTMT), said it is looking to acquire 30% of Sarwa Capital’s shares in November, particularly due to the deal's attract ...

Orascom’s Taba Heights Signs Deal With Tour Operator to Boost Tourism

Orascom Development Holding’s Sinai destination, Taba Heights, has signed a deal with Itaka, a Polish tour operator, to boost tourists' influx to the destination

Drilling Works Begin on Phase III of Cairo Metro Line III

Transport Minister Hisham Arafat launches drilling operations on phase III of the Cairo Metro's heavily-commuted third line, which will extend more than 17 kilometers and comprise 15 stations

Orascom Development, NUCA Announce Joint West Cairo Project

Orascom Development Egypt (ODE) is developing a 1,000-feddan land plot in West Cairo for its first housing project in the capital in partnership with the New Urban Communities Authority (NUCA)

Orascom Construction Adds USD 750 mn Projects to Backlog in Q3

Orascom Construction said it added new projects to its backlog during the third quarter of 2017

Orascom Board Nominates Non-Executive Director

Egypt-based construction company Orascom Construction Limited announces that its board has nominated Mustafa Abdel-Wadood for the position of non-Executive Director, Invest-Gate reports.

OHD reports net loss of EGP 499.5 mn

Egypt’s real estate developer Orascom for Hotels and Development has turned from profits to losses in 2016 due to the EGP flotation in November, Invest-Gate reports.

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