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Samih Sawiris to offload shares in Orascom Housing Communities to UK fund
M&A WATCH- Samih Sawiris will offload his shares in affordable housing player Orascom Housing Communities to an unnamed British investment…
Earnings Watch: Orascom Development Egypt, Rameda, Fawry, B Investments, Raya, Beltone, ADIB, Oriental Weavers, GSK
EARNINGS WATCH- Rameda Pharma reported 54% bottom line growth in 2Q2020, with net profits rising to EGP 19.9 mn from…
Orascom Development Egypt sells EGP 104.8 mn land plot to Mangroovy Hotels
Orascom Development Egypt has sold a 40k sqm plot of land in El Gouna to MangroovyHotels for EGP 104.8 mn,…
ODE taps veteran management consultant Omar El Hamamsy as CEO
MOVES- Orascom Development Egypt (ODE) has appointed ex-McKinsey & Company senior partner Omar El Hamamsy (LinkedIn) its new CEO, according…
ODE, NIS to invest more than EGP 500 mn in two int’l schools in O West
INVESTMENT WATCH- ODE, NIS to invest over EGP 500 mn in two int’l schools in O West: A recent partnership…
El Gouna property sales up almost 25% in 2Q2020
Property sales in El Gouna have increased by 22% y-o-y to hit EGP 891.5 mn in the second quarter of…
Property value will likely hold ground as the economy slows -Samih Sawiris
Samih Sawiris sees property values holding their ground despite covid-19 market slowdown: Orascom Development Holding Chairman Samih Sawiris expects real…
The coronavirus is fuelling a stock buyback boom in Egypt
The coronavirus is fuelling a stock buyback boom in Egypt: Since March, EGX-listed companies have been buying back their own…
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