Orascom Development Holding AG announces its Egyptian Subsidiary (ODE) FY 2023 Financial Results

Orascom Development Holding AG / Key word(s): Annual Results/Annual Results Orascom Development Holding AG announces its Egyptian Subsidiary (ODE) FY 2023 Financial Results 11-March-2024 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR.

Orascom Development Holding AG announces its Egyptian Subsidiary (ODE) FY 2023 Financial Results.

Altdorf, 11 March 2024 – Orascom Development Holding AG (ODH) is pleased to announce that Orascom Development Egypt (ODE), the largest Egyptian subsidiary of the Group, has reported its FY 2023 financial results today. Please find the earnings release along with the presentation under the link below:

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Orascom Development Holding (ODH) will announce its financial results for the fiscal year 2023 on Tuesday, March 26th, at 7:00 a.m. Central European Time (CET).

 

 

About Orascom Development Holding AG:

From El Gouna’s stunning Egyptian coastal town by the Red Sea to Andermatt Swiss Alps’ breath-taking, year-round mountain destination, each master-planned community is a testament to Orascom Development's commitment to place-making at its finest. The integrated towns harmoniously combine residential areas with private villas and apartments, hotels, and award-winning leisure and commercial amenities – including golf courses, marinas, sports facilities, retail shops and restaurants.

 

Orascom Development owns a land bank of more than 100 million square meters with nearly more than 40% developed or under development into thriving communities in Egypt (El Gouna, Makadi Heights, O West, Taba Heights, and Byoum), in the GCC (The Cove in the UAE and Jebel Sifah and Hawana Salalah in Oman), and in Europe (Andermatt Swiss Alps in Switzerland, Luštica Bay in Montenegro and West Carclaze Garden Village in the UK). Orascom Development’s hospitality portfolio includes 34 premium and luxury hotels with more than 7,000 rooms across Europe, the Middle East, and North Africa. ODH shares are listed on the SIX Swiss Exchange.