Investment: Orascom Development Egypt raises USD 43.6M
Orascom Development Egypt will increase its issued capital from USD 21.8 million (EGP 1.13B) to USD 70.4 million (EGP 3.65B) through the issuance of 2.52 billion bonus shares — a USD 43.6 million (EGP 2.52B) increase approved at the company’s Ordinary and Extraordinary General Meetings on June 8, 2026.
The increase will be distributed as 2.52 billion bonus shares. Shareholders who hold or purchase Orascom Development Egypt shares through the close of trading on Tuesday, October 6, 2026 will qualify for the distribution, which is scheduled to begin on Wednesday, October 7, 2026, subject to approval by the EGX Listing Committee.
Eligible shareholders will receive 2.2288508184 bonus shares for every existing share they hold before the increase; the allocation will be funded from shareholders’ share of profit distributions based on ODE’s 2025 financial statements. Because the ratio produces fractional shares, Orascom said fractions will be rounded in favor of smaller shareholders, beginning with the smallest holdings until the available quantity is exhausted. The distribution will take place through Misr for Central Clearing, Depository and Registry (MCDR) after the EGX Listing Committee approves the capital increase.
The capital increase changes the number of shares outstanding without requiring shareholders to make an additional cash payment; the allocation is funded from profit distributions rather than new cash contributions.
