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Orascom Development Holding AG (ODHN.S)

ODHN.S on Swiss Exchange

4.91CHF
2 Dec 2016
Change (% chg)

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Latest Key Developments (Source: Significant Developments)

Orascom Development Holding signs a three years' rental agreement
Monday, 17 Oct 2016 01:00am EDT 

Orascom Development Holding AG :Signs a three years' rental agreement for 3.3 million euros ($3.70 million)per annum with FTI Group for 3 hotels in Makadi through its Egyptian subsidiaries..  Full Article

Orascom Development H1 revenues down 33.5 pct at CHF 109.4 million
Monday, 15 Aug 2016 01:00am EDT 

Orascom Development Holding AG : Achieves turnover of 109.4 million Swiss francs ($112.16 million) and adjusted EBITDA of 8.1 million francs during first half-year 2016 . H1 net loss attributable to shareholders for reporting period amounted to 41.3 million francs compared to a net profit of 4.0 million francs a year ago .H1 total revenues decreased by 33.5 pct to 109.4 million francs compared to 164.5 million francs in 1h 2015.  Full Article

Orascom Development Holding swings to net loss of CHF 26.4 mln in Q1
Thursday, 19 May 2016 12:31am EDT 

Orascom Development Holding AG : Q1 revenue from continuing operations 61.2 million Swiss francs ($61.96 million) versus 74.8 million Swiss francs year ago .Q1 net loss 26.4 million Swiss francs versus profit 3.4 million Swiss francs year ago.  Full Article

Orascom Development sees Q1 net loss of CHF 26-28 million
Monday, 16 May 2016 01:09am EDT 

Orascom Development Holding AG : Expects to report a 17-20 pct decrease in its consolidated revenues for Q1 2016 compared to same period last year .Expects a net loss in range of 26-28 million Swiss francs compared to a net profit of 3.4 million Swiss francs ($3.48 million) in Q1 2015.  Full Article

Orascom Development Holding announces results of rights offering
Monday, 14 Dec 2015 12:55pm EST 

Orascom Development Holding AG:Announced on Monday results of rights offering.Offering will increase equity capital by 133.8 million Swiss francs, thereof 49.6 million Swiss francs from gross cash proceeds and 84.2 million Swiss francs from conversion of loan from major shareholder into equity.Until the end of subscription period 66.6 pct of the subscription rights were exercised.Shares for which rights were not exercised were purchased by Samih O. Sawiris, through controlled entity (SOS Holding), for an aggregate amount of 44.7 million Swiss francs.As result of transaction, Samih O. Sawiris personally and through controlled entities, will now own 72.6 pct of all issued shares of the company.  Full Article

Orascom Development Holding announces details of rights offering
Thursday, 3 Dec 2015 01:00am EST 

Orascom Development Holding AG:Announces details of rights offering.Set offer price at 11.28 Swiss francs per share.Subscription rights must be exercised between Dec. 8 and Dec. 14.Listing and first trading day of new registered shares on Six Swiss Exchange is expected to occur on Dec. 16.Equity of the Company, before deducting transaction fees, will be increased by 133.8 million francs: increase will come from gross cash proceeds of 49.6 million francs and conversion of a loan from major shareholder of 84.2 million francs into equity.  Full Article

Orascom Development Holding appoints new CEO
Monday, 30 Nov 2015 01:00am EST 

Orascom Development Holding AG:Board of Directors announces that it has appointed Khaled Bichara as new CEO effective Jan. 1, 2016.  Full Article

Orascom Development Holding's unit signs $20 mln sub-development agreement in Egypt
Wednesday, 9 Sep 2015 12:00pm EDT 

Orascom Development Holding AG:Orascom Hotels and Development (OHD), group's largest, Egyptian subsidiary signs $20 million sub-development agreement in El Gouna, Egypt.  Full Article

Orascom Development Holding gives H1 2015 outlook
Monday, 17 Aug 2015 01:00am EDT 

Orascom Development Holding AG:H1 2015 revenues are expected to grow by 35-40 pct compared to H1 2014 and adjusted EBITDA is expected to be within range of 46.5 million Swiss francs to 47.5 million Swiss francs.  Full Article

Orascom Development Holding signs preliminary contract with Montenegro for long-term lease of 'Lastavica Island'
Wednesday, 25 Feb 2015 01:00am EST 

Orascom Development Holding AG:Signs preliminary contract with the government of Montenegro for the long-term lease of the 'Lastavica Island' with the 'Mamula Fortress' in the Bay of Kotor, Montenegro.Preliminary contract provides for a 49-year lease period.Investment in Mamula Project is planned to take place via a joint venture company for which financing has been fully secured between Samih O. Sawiris and ODH.  Full Article

BRIEF-Orascom DH 9-mth result swings to loss

* 9-month revenue 169.98 million Swiss francs ($170.49 million) vs 245.97 million francs year ago