Announcement • Apr 18
Orascom Development Holding AG, Annual General Meeting, May 08, 2025 Orascom Development Holding AG, Annual General Meeting, May 08, 2025, at 15:00 W. Europe Standard Time. Announcement • Feb 27
LPSO Foundation Company completed the acquisition of remaining 19.7% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 65.9 million. LPSO Foundation Company proposed to launch a tender offer to acquire remaining 22.13% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 74.1 million on December 17, 2024. LPSO will acquire 13.2 million shares at a price of CHF 5.6 per share. LPSO will finance the Offer with funds provided by the Major Shareholder Group. The tender offer is expected to commence on January 9, 2025 and to end on February 5, 2025, 4:00 p.m. Central European Time (CET) (subject to any extension). After the expiration, if the Offer is declared successful, there will be an additional acceptance period of ten (10) Trading Days for the subsequent acceptance of the Offer (the "Additional Acceptance Period"). The Additional Acceptance Period is expected to begin on February 12, 2025 and to end on February 25, 2025, 4.00 p.m. Central European Time (CET) and intends to launch a Squeeze out and to delist the Orascom Shares from SIX following the Settlement. The board of directors of Orascom Development Holding AG has unanimously approved the transaction and has abstained from making a recommendation to the shareholders regarding the acceptance or rejection of the Offer. The transaction is expected to close on February 5, 2025.
UBS Group AG acted as financial advisor to LPSO Foundation Company. IFBC AG acted as fairness opinion provider to Orascom Development Holding AG. Marcel Jans and Klaus Krohmann of BDO Ltd acted as accountant to Orascom Development Holding AG. Tino Gaberthüel and Simone Ehrsam of Lenz & Staehelin acted as legal advisor to Orascom Development Holding AG.
LPSO Foundation Company completed the acquisition of remaining 19.7% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 65.9 million on February 25, 2025. The settlement of the offer is expected to occur on March 11, 2025. Announcement • Feb 26
Shares of Orascom to Delist from the Exchange After Completion of Transaction LPSO Holding Ltd, an entity controlled by the Sawiris family, has secured a shareholding of 97.52% in Switzerland-based real estate and hospitality company Orascom Development Holding as of the end of an additional offer period. According to provisional results, LPSO now holds 58.3 million shares, or 97.52% of the capital, subject to completion of the offer. The settlement is expected to occur on March 11, 2025. After that, LPSO intends to delist Orascom. Announcement • Dec 19
LPSO Foundation Company proposed to launch a tender offer to acquire remaining 22.13% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 74.1 million. LPSO Foundation Company proposed to launch a tender offer to acquire remaining 22.13% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 74.1 million on December 17, 2024. LPSO will acquire 13.2 million shares at a price of CHF 5.6 per share. LPSO will finance the Offer with funds provided by the Major Shareholder Group. The tender offer is expected to commence on January 9, 2025 and to end on February 5, 2025, 4:00 p.m. Central European Time (CET) (subject to any extension). After the expiration, if the Offer is declared successful, there will be an additional acceptance period of ten (10) Trading Days for the subsequent acceptance of the Offer (the "Additional Acceptance Period"). The Additional Acceptance Period is expected to begin on February 12, 2025 and to end on February 25, 2025, 4.00 p.m. Central European Time (CET) and intends to launch a Squeeze out and to delist the Orascom Shares from SIX following the Settlement. The board of directors of Orascom Development Holding AG has unanimously approved the transaction and has abstained from making a recommendation to the shareholders regarding the acceptance or rejection of the Offer. The transaction is expected to close on February 5, 2025.
UBS Group AG acted as financial advisor to LPSO Foundation Company. IFBC AG acted as fairness opinion provider to Orascom Development Holding AG. Marcel Jans and Klaus Krohmann of BDO Ltd acted as accountant to Orascom Development Holding AG. Tino Gaberthüel and Simone Ehrsam of Lenz & Staehelin acted as legal advisor to Orascom Development Holding AG. New Risk • May 27
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: CHF12m Forecast net loss in 1 year: CHF12m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (CHF12m net loss next year). Share price has been volatile over the past 3 months (9.1% average weekly change). Reported Earnings • May 25
First quarter 2024 earnings released: CHF0.57 loss per share (vs CHF0.12 profit in 1Q 2023) First quarter 2024 results: CHF0.57 loss per share (down from CHF0.12 profit in 1Q 2023). Revenue: CHF151.5m (up 16% from 1Q 2023). Net loss: CHF34.1m (down CHF38.8m from profit in 1Q 2023). Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Apr 23
Orascom Development Holding AG, Annual General Meeting, May 13, 2024 Orascom Development Holding AG, Annual General Meeting, May 13, 2024, at 15:00 Central European Standard Time. Agenda: To consider Approval of the Annual Report, the Annual Financial Statements and the Consolidated Financial Statements; to consider allocation of annual result; to consider consultative vote on the 2023 Compensation Report; to consider granting of discharge to the members of the Board of Directors and the Executive Management; to consider approval of the compensation of the Board of Directors and the Executive Management; to consider re-election of directors; to consider re-election of the auditors; and to consider other matters. Announcement • Mar 12
Orascom Development Holding AG to Report Fiscal Year 2023 Results on Mar 26, 2024 Orascom Development Holding AG announced that they will report fiscal year 2023 results at 7:00 AM, Central European Standard Time on Mar 26, 2024 Board Change • Jan 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Lead Director Jurgen Fischer was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Lead Director Jurgen Fischer was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Lead Director Jurgen Fischer was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: CHF0.03 (vs CHF0.043 in 3Q 2022) Third quarter 2023 results: EPS: CHF0.03. Revenue: CHF156.9m (down 17% from 3Q 2022). Net income: CHF1.80m (up 3.7% from 3Q 2022). Profit margin: 1.1% (up from 0.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Hospitality industry in the United Kingdom. Announcement • Nov 08
Orascom Development Holding AG to Report Nine Months, 2023 Results on Nov 16, 2023 Orascom Development Holding AG announced that they will report nine months, 2023 results on Nov 16, 2023 Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CHF5.06, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 21x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 37% over the past year. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CHF0.07 (vs CHF0.031 in 2Q 2022) Second quarter 2023 results: EPS: CHF0.07 (up from CHF0.031 in 2Q 2022). Revenue: CHF135.0m (up 5.0% from 2Q 2022). Net income: CHF3.60m (up 183% from 2Q 2022). Profit margin: 2.7% (up from 1.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Hospitality industry in the United Kingdom. Announcement • Aug 08
Orascom Development Holding AG to Report First Half, 2023 Results on Aug 17, 2023 Orascom Development Holding AG announced that they will report first half, 2023 results on Aug 17, 2023 Announcement • May 17
Orascom Development Holding AG to Report Q1, 2023 Results on May 17, 2023 Orascom Development Holding AG announced that they will report Q1, 2023 results on May 17, 2023 Announcement • Feb 01
Orascom Development Holding AG Appoints Wael Al Lawati as the New Chief Executive Officer of Muriya Orascom Development Holding AG announced the appointment of Wael Al Lawati as the New Chief Executive Officer of Muriya, including the awarding-winning communities of Jebel Sifah and Hawana Salalah. In support of Orascom Development's ambition to be a pre-eminent, multi-national developer, Al Lawati will be responsible for setting the business agenda for the Group's Oman destinations, including leading the overall strategy in alignment with Orascom Development's strategy, facilitating delivery against the annual business plans and instilling best practices throughout these destinations. In addition, he will be an integral member of Orascom Development's Executive Committee, reporting directly to the Group CEO, Omar El Hamamsy. Al Lawati brings a wealth of experience and proven track record of delivering results in tourism, real estate and other sectors. As a seasoned Omani National, he has held several other leadership positions including CEO of Oman Tourism Development Company (OMRAN) and founder of The Wave Muscat (AlMouj), where he successfully led Oman's first integrated tourism and real estate development. More recently, he served as COO for a real estate advisory and spearheaded international growth at DAMAC Properties. Additionally, Al Lawati was a board member of Muriya between 2008 and 2015. Al Lawati was selected as a member of the Young Arab Leaders and was a board member of the Middle East Leadership Academy (MELA). He previously served on the boards of the Oman Society of Engineers and the Oman Society of Contractors. His engineering background coupled with Real Estate Certification from Cornell University and Executive Education at Harvard Business School, IMD and INSEAD provide him with a well-rounded profile and track record. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: CHF0.04 (vs CHF0.024 loss in 3Q 2021) Third quarter 2022 results: EPS: CHF0.04 (up from CHF0.024 loss in 3Q 2021). Revenue: CHF188.9m (up 30% from 3Q 2021). Net income: CHF1.74m (up CHF2.71m from 3Q 2021). Profit margin: 0.9% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the United Kingdom. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Maria Rioumine was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Maria Rioumine was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Maria Rioumine was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
