Oriental Weavers (ORWE)

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News

2 July 07:15 PM Oriental Weavers launches world’s 1st phygital carpet retail store in Egypt

Cairo - Mubasher: Oriental Weavers has unveiled the OW Haptech store in Mivida, New Cairo, marking the first-ever phygital carpet retail store globally. The store combines physical product exploration with interactive digital technologies, setting …

Global Economy

9 April 05:58 PM Oriental Weavers’ shareholders approve EGP 1bn dividends for 2024

Cairo – Mubasher: The shareholders of Oriental Weavers greenlighted cash dividends of EGP 1.06 billion for 2024, according to a recent bourse filing. The company’s ordinary general meeting (OGM) approved, on 7 April, the distribution of EGP 1.60 …

Cash Dividends

27 February 10:05 PM Oriental Weavers posts EGP 2.5bn consolidated profits in 2024

Cairo – Mubasher: Oriental Weavers achieved consolidated net profits after tax valued at EGP 2.54 billion in 2024, compared to EGP 1.89 billion a year earlier, according to the financial results. Net sales hiked to EGP 24.28 billion in the …

Financial Results

6 January 05:36 PM Oriental Weavers unveils new expansion of EGP 24m industrial plant

Cairo – Mubasher: Oriental Weavers Carpet has inaugurated the new expansion of the industrial wastewater treatment plant at the group's spinning factory, which features four consecutive treatment stages and has a capacity of 1,250 cubic metres per …

Companies Investments

12 September 2024 01:50 PM Oriental Weavers, IRSC forge partnership to install $1.5m solar power plant

Cairo – Mubasher: Oriental Weavers and Integrated Renewable and Sustainable Communities (IRSC) partnered for an energy project at a total investment of $1.50 million, according to a press release. IRSC will install a 2.5 MWp solar power plant at …

Companies Investments

19 August 2024 04:20 PM Oriental Weavers registers EGP 1.4bn consolidated profits in H1-24

Cairo – Mubasher: Oriental Weavers generated higher consolidated net profits after at EGP 1.47 billion in the first half (H1) of 2024, compared to EGP 733.39 million in H1-23. The sales amounted to EGP 10.77 billion as of 30 June 2024, marking a …

Financial Results

29 May 2024 05:56 PM Oriental Weavers’ consolidated profit surpasses EGP 557m in Q1-24

Cairo – Mubasher: Oriental Weavers has posted a consolidated net profit after tax of EGP 557.58 million during the first quarter (Q1) of 2024, up from EGP 403.52 million in the equivalent period of last year. Net sales surged to EGP 5.03 billion …

Financial Results

8 April 2024 00:34 PM Oriental Weavers unveils payment date for 2023 dividends

Cairo – Mubasher: Oriental Weavers unveiled annual cash dividends valued at EGP 1.25 per share for 2023, according to a bourse disclosure. The EGX-listed company indicated that the payment date for the dividends will be 30 April 2024. Last year, …

Cash Dividends

28 February 2024 03:51 PM Oriental Weavers records EGP 1.9bn consolidated profits in 2023; dividends proposed

Cairo – Mubasher: Oriental Weavers posted a net consolidated profit after income tax of EGP 1.89 billion in 2023, a surge from EGP 944.17 million a year earlier. Net sales soared to EGP 17.65 billion last year from EGP 13.25 billion in 2022, …

Cash Dividends

19 November 2023 09:20 AM Oriental Weavers posts EGP 1.38bn consolidated profits in 9M-23

Cairo – Mubasher: The consolidated net profits after tax of Oriental Weavers soared year-on-year (YoY) to EGP 1.38 billion in the first nine months (9M) of 2023 from EGP 583.74 million, including minority interest. Net sales enlarged to EGP 12.87 …

Financial Results

1 October 2023 02:41 PM Oriental Weavers sells stake in NBK Egypt

Cairo – Mubasher: Oriental Weavers sold its 0.70% equity in the National Bank of Kuwait - Egypt (NBK Egypt), according to a bourse discourse. The EGX-listed firm indicated that this step aligns with its plans to focus on activities related to the …

Banking and Finance

16 August 2023 01:04 PM Oriental Weavers logs higher profits in H1-23; sales hit EGP 8.39bn

Cairo – Mubasher: Oriental Weavers posted consolidated net profits after tax valued at EGP 733.39 million in the first half (H1) of 2023, higher by 51.30% than EGP 484.63 million a year earlier, including minority interest. Net sales hiked by 29% …

Financial Results

16 May 2023 05:00 PM Oriental Weavers’ consolidated profit increases, standalone income declines

Cairo – Mubasher: Oriental Weavers achieved higher consolidated net profits after tax worth EGP 403.52 million in the first quarter (Q1) of 2023, compared to EGP 260.05 million in Q1-22. Net sales soared to EGP 4.14 billion during the …

Financial Results

4 April 2023 05:46 PM Oriental Weavers Carpet’s OGM nods to 2022 dividends

Cairo – Mubasher: The ordinary general meeting (OGM) of Oriental Weavers Carpet greenlighted, on 2 April, a cash dividend of EGP 0.60 per share for 2022. Eligible shareholders will receive the dividend in May 2023, according to a bourse …

Cash Dividends

27 February 2023 05:53 PM Oriental Weavers Carpet logs EGP 944m consolidated profits in 2022; dividends unveiled

Cairo – Mubasher: Oriental Weavers Carpet generated EGP 944.17 million in consolidated net profits after tax in 2022, lower than EGP 1.21 billion in 2021, including non-controlling equity. The EGX-listed firm registered sales worth EGP 13.25 …

Board of Directors

25 December 2022 11:43 AM Oriental Weavers Carpet sees EGP 1.37bn block trading

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block trading deal worth EGP 1.37 billion on the shares of Oriental Weavers Carpet. The transaction was executed on 163.74 million of the company's shares, according to a stock exchange …

Trading Activities

14 November 2022 01:29 PM Oriental Weavers Carpet's profits drop to EGP 584m in 9M-22

Cairo – Mubasher: Oriental Weavers Carpet has announced consolidated net profits of EGP 583.74 million in the first nine months (9M) of 2022, a decrease of 39.20% from EGP 960.24 million in the year-ago period.  On the other hand, the company’s …

Financial Results

10 August 2022 04:21 PM Oriental Weavers to exit from Chinese subsidiary

Cairo – Mubasher: The board of directors of Oriental Weavers Carpet agreed to exit from its existing investments in China. Hence, the EGX-listed firm will accept the submitted offer to sell its entire stake in Oriental Weavers China, according to …

Companies Investments

19 June 2022 00:47 PM Oriental Weavers Carpet joins UN Global Compact

Cairo – Mubasher: Oriental Weavers Carpet has joined the United Nations (UN) Global Compact, the world’s largest voluntary corporate sustainability initiative. This membership reflects the company's commitment to the ten main principles of the …

Companies Investments

29 May 2022 00:26 PM Oriental Weavers Carpet's profits down 24% in Q1-22

Cairo – Mubasher: The consolidated net profits of Oriental Weavers Carpet retreated by 24.22% year-on-year (YoY) to EGP 260.05 million in the first quarter (Q1) of 2022, compared to EGP 343.19 million. The company's revenues amounted to EGP 3.26 …

Financial Results

3 April 2022 01:49 PM Oriental Weavers Carpet's OGM nods to EGP 1/shr dividends

Cairo – Mubasher: The ordinary general meeting (OGM) of Oriental Weavers Carpet has approved a cash dividend distribution of EGP 1 per share for 2021. It is noteworthy to mention that in 2021, the company's consolidated net profits increased by 9% …

General Assembly

20 March 2022 03:14 PM Oriental Weavers Carpet to open 4 new sales branches

Cairo – Mubasher: The board of Oriental Weavers Carpet has approved setting up four new sales branches in Egypt. The showrooms will be inaugurated in Dakahlia’s Mansoura, Sheikh Zayed City in Giza, Badr in El-Beheira, and El-Qanater El-Khayreya in …

Companies Investments

23 February 2022 11:26 AM Oriental Weavers Carpet's profit jumps 9% in 2021; dividends proposed

Cairo – Mubasher: The consolidated net profits of Oriental Weavers Carpet increased by 9% to EGP 1.21 billion in 2021, compared to EGP 1.11 billion in 2020, including minority shareholders' rights. The company's sales retreated to EGP 11.4 billion …

Cash Dividends

21 December 2021 00:20 PM Oriental Weavers Carpet targets $15m investments in 2022

Cairo – Mubasher: Oriental Weavers Carpet targets $15 million investments as part of the company's plan for 2022. The company will also equip some factories with new looms and machines and raise their efficiency to increase production, according …

Companies Investments

16 December 2021 00:47 PM Oriental Weavers Carpet sees EGP 300m block deal

Cairo – Mubasher: The Egyptian Exchange (EGX) has announced an EGP 300.213 million trading block deal on the shares of Oriental Weavers Carpet. The block deal was implemented on 37.063 million of the company's shares, according to a bourse filing …

Companies Investments