Orascom Construction PLC (OC)

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News

28 May 02:34 PM Orascom Construction’s consolidated profits exceed $27m in Q1-25

Cairo – Mubasher: Orascom Construction posted lower consolidated net profits at $27.10 million in the first quarter (Q1) of 2025, compared to $49.80 million in Q1-24. Revenues climbed to $847.60 million in Q1-15 from $766.30 million a year …

Financial Results

26 March 05:18 PM Orascom Construction logs $7.6bn backlog in 2024

Cairo – Mubasher: Orascom Construction recorded a consolidated backlog of $7.60 billion and a pro forma backlog including a 50% share in BESIX of $11.90 billion as of 31 December 2024. Revenues hit $3.25 billion in 2024, while the adjusted EBITDA …

Financial Results

24 March 07:57 PM Orascom Construction, Técnicas Reunidas to build 3-GW power plant in Saudi Arabia

Cairo – Mubasher: Orascom Construction and Técnicas Reunidas have signed an engineering, procurement and construction (EPC) contract worth $2.60 billion to build the Qurayyah IPP expansion project. The joint venture (JV) will establish a …

Companies Investments

22 January 10:33 PM Orascom Construction consortium begins 306 MW commercial operations at region's largest wind farm

Cairo – Mubasher: Orascom Construction recently unveiled the start of commercial operations of the first 306 megawatts (MW) phase of the Ras Ghareb wind farm, according to a company disclosure. Meanwhile, construction of the remaining capacity …

Companies Investments

25 November 2024 00:09 PM Orascom Construction records $96m net profits in 9M-24

Cairo – Mubasher: Orascom Construction posted year-on-year (YoY) lower consolidated net profits at $96 million in the first nine months (9M) of 2024, compared to $150.80 million. Revenues amounted to $2.31 billion as of 30 September 2024, down …

Financial Results

29 August 2024 10:24 AM Orascom Construction sees 47% lower consolidated profits in H1-24; backlog hits $7.7bn

Cairo – Mubasher: Orascom Construction posted consolidated net profits after tax valued at $70.70 million in the first half (H1) of 2024, an annual drop of 46.80% from $132.90 million. Revenues reached $1.47 billion in H1-24, down 5.50% …

Financial Results

31 July 2024 03:52 PM EWEC receives bids for UAE's Saadiyat Island desalination project

UAE – Mubasher: Emirates Water and Electricity Company (EWEC) has received four proposals for its Saadiyat Island reverse osmosis desalination project in Abu Dhabi.  Bids were submitted by Acciona Agua, Engie, GS Inima Environmental, and a …

Real estate

30 June 2024 03:57 PM TSFE partners with Fertiglobe, Scatec, Orascom Construction for green hydrogen project

Cairo – Mubasher: The Sovereign Fund of Egypt (TSFE) and Orascom Construction have signed an agreement with Norway’s Scatec and UAE-based Chemical industry company Fertiglobe to launch a green hydrogen project in at the port of Sokhna with a …

Companies Investments

21 May 2024 03:40 PM Orascom Construction logs $50m consolidated profits in Q1-24

Cairo – Mubasher: Orascom Construction recorded an annual leap in consolidated net profit to $49.80 million during the first quarter (Q1) of 2024, compared to $40.10 million. Revenues dropped by 4.80% year-on-year (YoY) to $766.30 million in Q1-24 …

Real estate

28 April 2024 10:31 AM Orascom Construction’s board proposes $0.2/shr dividends for 2023

Cairo – Mubasher: Orascom Construction’s board recommended the disbursement of $0.20 per share in cash dividends for 2023. Dividends are scheduled to be paid in August 2024, according to a bourse filing. Shareholders in Nasdaq Dubai receive their …

Cash Dividends

7 February 2024 07:02 PM Orascom Construction unveils cash dividends

Cairo – Mubasher: Orascom Construction announced a dividend distribution of EGP 5.88 per share for the nine-month period that ended on 30 September 2023. The company will pay the cash dividends for eligible shareholders on 22 February 2024, …

Cash Dividends

30 November 2023 11:19 AM Orascom Construction’s 9M-23 consolidated profit leap 98.6%; backlog hit $7bn

Cairo – Mubasher: The consolidated net profits attributable to shareholders of Orascom Construction hit $114.80 million in the first nine months (9M) of 2023, an annual hike of 98.60% from $57.80 million. Revenues amounted to $2.36 billion in …

Cash Dividends

12 September 2023 09:10 AM Elsewedy Electric, Orascom Construction deny obtaining loan from African Export-Import Bank

Cairo – Mubasher: Elsewedy Electric Company and Orascom Construction refuted reports claiming that they obtained a $200 million loan from the African Export-Import Bank. The two companies said the circulated news is not correct, affirming that …

Banking and Finance

30 August 2023 03:25 PM Orascom Construction posts $133m consolidated profits in H1-23; backlog hits $5.5bn

Cairo – Mubasher: Orascom Construction recorded consolidated net profits standing at $132.90 million in the first half (H1) of 2023, versus $40.50 million in H1-22, including minority shareholders’ rights. The real estate developer posted revenues …

Real estate

30 August 2023 11:59 AM Orascom Construction inks EGP 1.92bn deal with Eagle Hills

Cairo – Mubasher: Orascom Construction and Eagle Hills Properties signed a development agreement worth EGP 1.92 billion to carry out the first phase of the Soul Luxury Beach Resort. The construction and implementation hold a duration period of 34 …

Companies Investments

1 June 2023 03:17 PM Orascom Construction registers higher consolidated profits in Q1-23

Cairo – Mubasher: Orascom Construction posted consolidated net profits amounting to $40.10 million in the first quarter (Q1) of 2023, higher than $15.30 million in Q1-22. Earnings per share (EPS) increased to $0.31 as of 31 March 2023 from $0.11 …

Real estate

24 May 2023 11:54 AM ANDOC, TAQA, Orascom Construction join Metito for project worth up to $2.4bn

UAE - Mubahser: A consortium of Abu Dhabi National Oil Company (ADNOC), Abu Dhabi National Energy Company (TAQA), Orascom Construction, and Metito partnered for a joint project estimated at up to $2.40 billion, equivalent to AED 8.80 billion. The …

Companies Investments

17 May 2023 10:41 AM Orascom Construction unveils EGP 1.8bn equity sale agreement

Cairo – Mubasher: Orascom Construction has sold its entire stake in its construction chemicals subsidiary to Switzerland-based Sika at a value of EGP 1.80 billion, before tax, according to a bourse disclosure. This aligns with the EGX-listed …

Real estate

26 March 2023 11:10 AM Orascom Construction posts higher consolidated profits at nearly $134.5m in 2022

Cairo – Mubasher: Orascom Construction logged consolidated net profits after tax worth $134.30 million in 2022, higher than $125.30 million in 2021, including minority interest. Revenues hiked to $4.17 billion last year from $3.54 billion during …

Real estate

24 January 2023 01:35 PM Orascom Construction to distribute interim dividend of $0.18/shr

Cairo – Mubasher: The board of Orascom Construction Plc approved an interim dividend of USD 0.18 per share to the company’s shareholders for fiscal year (FY) ended on 31 December 2021, according to an official statement on Tuesday. The company …

Board of Directors

24 November 2022 00:24 PM Orascom Construction’s profits slide 17% in 9M-22

Cairo – Mubasher: The consolidated profits of Orascom Construction Plc retreated by 16.62% during the first nine months (9M) of 2022 to net $70.20 million from $84.20 million. Revenues of the EGX-listed firm grew to $3.05 billion during 9M-22, …

Financial Results

8 November 2022 05:28 PM Commissioning of Africa’s 1st integrated green hydrogen plant starts

Cairo - Mubasher: Fertiglobe, the strategic partnership between ADNOC and OCI, announced the start of the commissioning of the first phase of the green hydrogen plant in Egypt's Ain Sokhna, during an event at COP27.  The event was attended by …

Event

2 November 2022 11:14 AM Ora Developers Egypt pens EGP 2.5bn contract with Orascom Construction

Cairo - Mubasher: Ora Developers Egypt announced that its respective subsidiary has signed an EGP 2.50 billion construction agreement with leading contractor Orascom Construction for the construction of phase 1 of Silversands project situated at …

Real estate

17 October 2022 10:48 AM Orascom Construction adds $670m of new awards in Q3-22

Cairo – Mubasher: Orascom Construction Plc has added $670 million of new awards to its backlog in the third quarter (Q3) of 2022. This brings total new awards in the first nine months of 2022 to $3.10 billion, according to a stock exchange …

International Agreements

28 September 2022 11:04 AM Orascom Construction to build, operate strategic warehouse in Egypt

Cairo – Mubasher: Orascom Construction Plc has signed an agreement with the Internal Trade Development Authority (ITDA) to build, own, and operate a strategic warehouse in Egypt's Fayoum governorate. The strategic warehouse is part of the first …

Companies Investments