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Patrice Motsepe's African Rainbow Capital has been cleared by the Gauteng High Court of liability in a $195 million damages claim by US-based Pula Group.
Nassef Sawiris has increased his total stake in Orascom Construction to 43.39% after his NNS City family office acquired approximately 1.13 million additional shares in the company.
Orascom Construction posted a record $9 billion backlog and a 65% profit jump in 2025 as the United States became a major growth driver for the group.
Orascom Construction shareholders approved an OCI unit acquisition and a 97 million capital raise, expanding assets and boosting issued shares.
Located on a 4.5-acre parcel in the mountain community of Telluride, the new resort covers about 532,000 square feet.
Orascom Construction, controlled by Egypt’s billionaire Sawiris family, began trading on Abu Dhabi’s ADX, shifting its primary listing from Nasdaq Dubai to boost growth.
Egypt’s Sawiris family-led Orascom Construction shifts primary listing to Abu Dhabi Securities Exchange.
Orascom Construction, led by Egypt’s Sawiris family, posts $9.6 billion backlog and $3.4 billion in new H1 2025 awards globally.
The move, pending shareholder and regulatory approval, signals a shift by one of the Middle East’s top construction firms toward the UAE’s growing capital markets.
Orascom Construction faces a $28.7 million arbitration award in Qatar over the Sidra project, even as it celebrates wind energy progress in Egypt.
CEO Osama Bishai said Orascom is prioritizing projects with foreign currency funding and international financial backing.
Orascom Construction secures green light for a $2.6 billion Qurayyah IPP expansion in Saudi Arabia, reinforcing its regional energy footprint with a 3GW boost.
The Ras Ghareb Wind Farm development project, reaffirms Orascom’s commitment to shaping a cleaner, more sustainable future for Egypt.
The dividend announcement follows a resilient financial performance for the first nine months of 2024, with Orascom reporting $2.32 billion in revenue.
Orascom posted $2.32 billion in revenue, a slight decline of 1.92 percent from $2.37 billion in the same period last year.
Orascom Construction, a global engineering leader, expands its footprint with the Ras El Hekma mega project.