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Orascom Development Egypt net income falls more than 20% in 2020
Orascom Development Egypt’s (ODE) net income fell more than 20% during 2020, according to the company’s annual earnings release (pdf).…
Tons and tons of M&A news
Greek energy company Energean has completed the acquisition of Edison’s energy portfolio, which includes substantial oil and gas assets in…
ODH sells affordable housing arm
An unnamed UK-based fund has acquired 100% of New City Housing and Development for EGP 365 mn, Al Mal reports…
ODH offloading affordable housing arm
Orascom Development Egypt’s (ODH) board has approved plans to sell the company’s 35% stake in affordable homes builder New City…
Who’s in the market for debt? Remco, HD Leasing, El Nasr Auto, Marsa Alam for Tourism Development
Tourism developer Remco and two of its affiliate companies are in talks to obtain a two-tranche EGP 3.3 bn syndicated…
EFG Hermes advises on USD 265 mn loan for Orascom Development Egypt
EFG Hermes concluded a seven-year USD 265 mn debt arrangement for Orascom Development Egypt (ODE), the investment bank said in…
Matouk Bassiouny & Hennawy to advise on ODH’s sale of Orascom Housing Communities
APPOINTMENTS- Law firm Matouk Bassiouny & Hennawy has been appointed to advise Orascom Development Holding (ODH) on the sale of…
Earnings Watch: At the buzzer: Lots and lots and lots of 3Q2020 earnings
EARNINGS WATCH- Lots and lots of companies released earnings at the buzzer yesterday, the final day for listed corporations to…
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