Orascom Construction Industries SAE Sponsored GDR RegS

OCI Global reports lower H2 2025 earnings, seeks strategic sales and considers Orascom Construction merger

ORSD

Orascom Construction aims for financial closure on a 900MW wind farm in the Gulf of Suez by Q3 2026. This project will boost its wind power capacity to 1.8GW. The company reported a 73.2% revenue increase to $1.47 billion and a net profit rise of 112.7% to $53.4 million in Q1 2026. Its consolidated backlog reached $9.38 billion, with new awards up 14.9% YoY. The Dammam ISTP in Saudi Arabia is operational, and EPC activities are ongoing at Project Wave in Abu Dhabi.

Zawya

ZAWYA: Orascom Construction targets financial close on 900MW wind farm in Q3 2026

El Gouna Red Sea, developed by Orascom Development Egypt, has launched "Nuba El Gouna," its first fully serviced apartments and wellness-focused residential development. Managed by Orascom Property Management, it offers a seamless ownership experience with quick delivery in one year. The project features 1- and 2-bedroom apartments, a sandy pool, and wellness facilities, catering to modern living preferences. This initiative aims to meet the growing demand for design, convenience, and strong ROI potential, further enhancing El Gouna's reputation as a premier Red Sea destination.

ZAWYA: El Gouna launches Nuba El Gouna

O West by Orascom Development has signed a three-year sponsorship agreement with Egyptian squash champion Hania El Hammamy, making her the exclusive sports and marketing sponsor in the real estate sector until the 2028 Olympics. This partnership aims to enhance Orascom's support for squash and Egyptian sports globally, reflecting the company's commitment to promoting local talent. The collaboration will include joint marketing campaigns and social initiatives, reinforcing O West's brand association with achievement and excellence in sports.

Commercial International Bank (CIB)

London Stock Exchange Group plc

ZAWYA: O West by Orascom Development sponsors squash champion Hania El Hammamy for three years

Ora Developers Egypt has commenced the handover of the first residential units at ZED East in New Cairo, marking a significant milestone in the project's development. The initial deliveries are from the Sage phase, which includes various housing options such as villas and townhouses. ZED East spans 332 feddans and features extensive open spaces and amenities, including a sports club and retail areas. CEO Haitham Abdel Azim emphasized the company's commitment to delivering integrated communities on schedule, enhancing ZED East's status as a premier residential destination in East Cairo.

ZAWYA: Life begins at Ora: Ora Developers Egypt begins handover of first homes at ZED East

A consortium of Abu Qir, AlexFert, Orascom Construction, and UEG has signed a Memorandum of Understanding (MoU) to develop a Mediterranean Green Hydrogen Hub Project in Alexandria, Egypt. The MoU aims to produce green hydrogen and integrate it into low-carbon ammonia production, supporting Egypt's Vision 2030. UEG and Orascom will conduct feasibility studies for renewable energy generation, while Abu Qir and AlexFert will evaluate hydrogen integration into ammonia processes. The project seeks to enhance sustainability and position Alexandria as a green fuel hub, aligning with national clean energy strategies.

UNITEDENERGY GP

ZAWYA: Signing an MoU between a consortium comprising of Abu Qir, AlexFert, Orascom Construction and UEG

OCI Global N.V. has issued a statement regarding its 2026 Annual General Meeting, scheduled for June 2, 2026. The company supports the Enterprise Chamber-appointed directors in their role as non-executive members of the Board, focusing on a proposed transaction with Orascom Construction. The EC Directors are actively involved in Board activities and have access to necessary resources. The company will provide updates as the review progresses, with a long stop date for the transaction set for June 30, 2026. If the transaction does not proceed, the Board will explore other strategic options for the company.

prnewswire

12:44 ETStatement from OCI Global

CIBEY

El Gouna Red Sea, developed by Orascom Development, has launched 'Nuba El Gouna', its first fully serviced residential project. Managed by Orascom Property Management, it offers a seamless ownership experience with amenities like a sandy pool, wellness facilities, and a gym. The project features 1- and 2-bedroom apartments, designed to promote a balanced lifestyle and investment potential. With a delivery timeline of two years, it is strategically located near Downtown El Gouna, enhancing its appeal as a residential destination. CEO Mohamed Amer emphasized its focus on community and modern living.

ZAWYA: El Gouna Red Sea launches Nuba El Gouna, a fully serviced living experience by Orascom Property Management

Accor and Orascom Development Egypt have signed a management agreement to transform the Mövenpick El Gouna into Sofitel El Gouna Resort, a luxury destination. The extensive renovation will begin in 2027, enhancing Accor's luxury portfolio in Egypt. Located in El Gouna, a vibrant coastal town, the resort will feature 420 rooms and suites, a diverse culinary scene, and extensive leisure facilities. This project aims to create a landmark resort that reflects local identity and French elegance, reinforcing El Gouna's appeal as a premium global destination.

ZAWYA: Sofitel and Orascom Development Egypt announce the signing of Sofitel El Gouna

Orascom Development Egypt has launched its new residential project, "Nuba," in El Gouna, aiming for EGP 3bn in sales. The project includes 97 units and is set for completion in two years, reflecting the company's focus on rapid construction. Demand is strong, particularly from international clients, with 40% of sales coming from abroad. Despite global economic uncertainties affecting real estate pricing, El Gouna's tourism market is recovering, with hotel occupancy rates expected to rise. The company plans to launch more projects in El Gouna by 2026.

Orascom Construction Industries SAE Sponsored GDR RegS(ORSD.UK)