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ODE stock takes hit due to tourism sector exposure, despite impressive real estate operations
Total investment costs of the school will be up to EGP 500m. The school is expected to start operation in the third quarter (Q3) of 2022, a year before the delivery of the first real estate unit in O West.
Noteworthy, the agreement with Thomas Cook constitutes only 244 rooms out of Orascom Development’s portfolio of 7,082 rooms, so the short-term impact is expected to be minimal, the statement declared.
The Egyptian Exchange (EGX) listed Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding, on the EGX 30 index on Monday, as the company met the trading standards of the index, which includes the country’s top 30 listed companies. The move follows the success of ODE in 2018, as it was one of the …
Company’s net real estate sales reached EGP 1.7bn in 9M17
Company’s undeveloped land bank in Egypt reaches about 25m sqm, says CEO
El-Gouna Squash Open is one of the seven biggest international squash tournaments
Orascom resorted to foreign investments over the past period due to the 2 exchange rates in the market