Orascom Development Holding AG: Publication of the 2024 Annual Report, the ESG Report and the invitation to the Annual General Meeting

Ad hoc announcement pursuant to Art. 53 LR.

Orascom Development Holding AG: Publication of the 2024 Annual Report, the ESG Report and the invitation to the Annual General Meeting

Altdorf, 17 April 2025 – Orascom Development Holding AG (ODH) has published today the 2024 Annual Report and the ‘Life with Purpose’ 2024 Environmental, Social & Governance (ESG) Report. The reports are available on ODH's website at https://www.orascomdh.com/investor-relations.

ODH has also published the invitation to the Annual General Meeting, which is available on ODH's website at https://www.orascomdh.com/investor-relations/corporate-documents. Following the settlement of the public tender offer and in line with the intention announced by the offeror LPSO Holding Ltd. in the offer prospectus, the Board of Directors proposes to the shareholders the approval of the delisting of ODH’s shares from SIX Swiss Exchange.

 

 

About Orascom Development Holding AG:

Orascom Development Holding AG (ODH) is a leading developer of fully integrated towns, including hotels, private villas and apartments, leisure facilities such as golf courses, marinas, and supporting infrastructure. ODH’s diversified portfolio is spread over seven jurisdictions (Egypt, UAE, Oman, Switzerland, Morocco, Montenegro, and the United Kingdom). The group currently operates ten destinations: five in Egypt (El Gouna, Taba Heights, Makadi Heights, O West and Byoum), The Cove in the United Arab Emirates, Jebel Sifah and Hawana Salalah in Oman, Luštica Bay in Montenegro, and West Carclaze Garden Village in the United Kingdom. The shares of ODH are listed on the SIX Swiss Exchange.

For more information, please visit https://www.orascomdh.com/.

 

Contact for Investors:      

Ahmed Abou El Ella     

Group Senior Director of Investor Relations    

Tel: +20 224 61 89 61

Mobile: +20 122129 5555      

Email: ir@orascomdh.com

 

Disclaimer:

This press release may contain forward-looking statements based on current assumptions and forecasts of ODH management. Known and unknown risks, uncertainties, and other factors could lead to material differences between any forward-looking statements made here and the actual development, particularly ODH's results, financial situation, and performance. ODH accepts no responsibility for updating or adapting forward-looking statements to future events or developments.