Latest in Tag: ODE
ODE reports revenues grow 61.5% to EGP 1.46bn in Q1 2021
Company reported strong performance for the quarter compared to same quarter of previous year
Alyaa Stohy
May 10, 2021
ODE signs $265m medium-term loan to refinance outstanding debt
In a press statement on Monday, ODE said that it intends to use the proceeds to refinance its outstanding balances of debt to relieve the company from upcoming debt commitments, worth up to $215m.
Shaimaa Al-Aees
November 23, 2020
ODE reports 17.5% decrease in H1 revenues to EGP 1.9bn
Company’s sees decreased gross profit due to pandemic affecting business operations since late February
Alyaa Stohy
August 16, 2020
Mangroovy for Hotels, ODE sign EGP 104.8m El Gouna land sale agreement
The land plot will encompass different types of services to serve residences and guests, making it an integral part of the overall development that boasts a beachfront residence in El Gouna.
Shaimaa Al-Aees
August 9, 2020
ODE appoints Omar El Hamamsy as Group CEO
El Hamamsy joins ODE from McKinsey & Company, where he is Senior Partner at their Middle East office, having previously been at the company’s Belgium office. In his 18 years at McKinsey, he has led many practices, including Travel and Transport. 
Daily News Egypt
July 30, 2020
ODE to launch 2 NIS international schools in O West
NIS Schools will apply blended learning system featuring online, traditional face-to-face learning
Shaimaa Al-Aees
July 19, 2020
ODE records 10.5% revenues decline to EGP 903.8m in 1Q 2020
Group generated more savings in finance costs in 1Q 2020, with interest costs decreasing 33.1% to EGP 79.6m
Daily News Egypt
June 8, 2020
ODE stock takes hit on tourism sector projects, due to COVID-19
We expect demand in second homes segment to suffer most due to global health pandemic, says Elsaadany
Daily News Egypt
June 6, 2020
ODE’s Egypt hotels to re-open for business on 15 May
ODE said the gradual reopening plans will ensure all hotels in El Gouna will be open for business by 21 May, with its Taba Heights Hotels to also reopen on 21 May.
Daily News Egypt
May 11, 2020
ODE records 38.8% revenue growth in FY19
Company achieves EGP 6.9bn net sales
Shaimaa Al-Aees
April 13, 2020
ODE appoints interim successors to late CEO Khaled Bichara
“ODE will continue to execute its plans and will continue to deliver more value to all our shareholders,” added Zaghloul.
Shaimaa Al-Aees
February 5, 2020
ODE plans to add new Casa Cook Hotel to its El Gouna portfolio
Dividends distribution not expected in 2019, but could be possible in 2020
Alyaa Stohy
July 14, 2019
ODE sells 51% stake in Oberoi Zahra Nile cruiser for $4m
According to the statement, the sale will result in cash proceeds of $2m which will be directed to finance the group’s expansion plans.
Daily News Egypt
July 9, 2019
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