Arab Finance: Orascom Development Egypt posted a 6.42% year-on-year (YoY) rise in its consolidated net profits after minority interest, recording EGP 4.345 billion during the first nine months of 2026, compared to EGP 4.083 billion, according to the company’s financial statements filed to the Egyptian Exchange (EGX) on November 11.

Revenues reached EGP 22.339 billion during the January-September period of this year, up from EGP 17.242 billion during the first nine months of last year.

In terms of standalone business, the firm’s net profits after tax plunged to EGP 3.186 billion, compared to EGP 3.605 billion.

Orascom Development Egypt (ODE) is the largest subsidiary of Orascom Development Holding (ODH). ODE is an integrated developer of resort towns in Egypt, with a vertically integrated business model involving the development of residential units, hotels, and recreational facilities such as golf courses, town centers, and marinas, in addition to supporting infrastructure, such as hospitals, schools, and utilities.