Orascom Development Egypt said its subsidiary, Makadi Heights for Tourism Development Company, signed an agreement with the government to develop a land plot measuring 1.021 million square meters directly connected to the existing Makadi Heights destination on the Red Sea coast.

Orascom Development Egypt posted a 122.43% year-on-year (YoY) rise in its consolidated net profits after minority interest, recording EGP 4.083 billion during the first nine months of 2025, compared to EGP 1.835 billion.

Orascom Development Egypt announced a cash dividend distribution of EGP 0.384 per share, according to a bourse filing.

The consolidated net profits attributable to the owners of Orascom Development Egypt hit EGP 3.157 billion in the first half (H1) of 2025

Orascom Development Egypt has generated consolidated net profits after tax attributable to the parent company amounting to EGP 2.044 billion during the first quarter (Q1) of this year, versus net losses worth EGP 1.181 billion in Q1 2024.

Orascom Development Egypt announced a cash dividend distribution of EGP 0.384 per share for 2024

Orascom Development Egypt posted a 9.89% uptick in its consolidated net profits after minority interest, recording EGP 3.108 billion during 2024, compared to EGP 2.828 billion in 2023.

Orascom Development has appointed Hazem Helal as the CEO of O West, Makadi Heights, and Byoum, three of its integrated communities in Egypt.

The International Finance Corporation (IFC) is supporting Orascom Development Egypt (ODE) with a sustainability-linked loan (SLL) of $155 million to enhance energy and water efficiency and reduce greenhouse gas (GHG) emissions in hotels in El Gouna on the Red Sea.

Orascom Development Egypt (ODE) has finalized the sale of a 110,000-square-meter land plot in El Gouna to Hassan Allam Properties for $37.4 million.

Orascom Development Egypt posted a 1.85% year-on-year (YoY) rise in its consolidated net profits after minority interest, recording EGP 1.835 billion during the first nine months of 2024, compared to EGP 1.802 billion.

Orascom Development Egypt’s hotels in the Sinai Peninsula have seen a sharp decline in occupancy rates from 70-80% to just 10-20% amid escalating regional tensions due to the Gaza conflict, Egyptian businessman Samih Sawiris said.

Orascom Development Egypt (ODE) has signed an agreement with the International Finance Corporation (IFC) to secure a loan worth $155 million.

Orascom Development Egypt (ODE) has sold a commercial building in O West to Seoudi Supermarket for EGP 332 million.

Orascom Development Egypt posted a 64.9% surge in its consolidated revenue during the first half (H1) of 2024, recording EGP 10.221 billion from EGP 6.191 billion in H1 2023.

Orascom Development Egypt’s (ODE) subsidiary Makadi Heights for Tourism Development Company (Makadi Heights) has accepted the Egyptian Tourism Development Authority’s (TDA) request for an additional payment of $5.6 million in exchange for an eight-year new development timeline for Makadi Heights' remaining undeveloped land bank.

Orascom Development Egypt (ODE) has announced the sale of a 145,266-square-meter land plot in El Gouna for EGP 1.54 billion.

Orascom Development Egypt's consolidated revenues soared to EGP 4.175 billion during the first quarter (Q1) of this year from EGP 2.952 billion in Q1 2023.

Real estate investors based abroad have controlled 37% of Orascom Development Holding’s (ODH) sales, the firm’s CEO Amr El Hamamsy said.

Orascom Development Egypt’s (ODE) real estate sales grew by 74.9% year on year (YoY) in 2023 to EGP 19.5 billion, compared to EGP 11.1 billion in 2022, as per an emailed press release on February 13th.