Orascom Development sells 87% of its stake in Tamweel for LE360M

Tue, 18 Jun 2019 - 03:01 GMT

According to ODE’s statement, the share transfer has been executed after obtaining all necessary approvals and ODE will now start receiving the LE 313 million cash proceeds.

Orascom Development sells its stake in Tamweel Group

Thu, 24 May 2018 - 10:54 GMT

This sale will enable the company to deconsolidate the related debt of Tamweel Group which reached LE 1.1 billion by the end of March 2018.