Orascom Development Egypt cash flow exceeds $200m, says CEO

The company's portfolio includes properties in the resort of El Gouna
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Updated 06 September 2021
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Orascom Development Egypt cash flow exceeds $200m, says CEO

  • Orascom Development Egypt Company (ODE) cash flow currently exceeds $200 million for the entire group
  • The occupancy rates in the group's hotels in the first half of the year recorded a rate higher than 30 percent of the total carrying capacity

 

RIYADH: Orascom Development Egypt Company (ODE) cash flow currently exceeds $200 million for the entire group, CEO Omar El Hamamsy said.

The occupancy rates in the group's hotels in the first half of the year recorded a rate higher than 30 percent of the total carrying capacity, he told CNBC Arabia.

ODE is Orascom Development Holding Group's largest subsidiary.