Earnings Report /
Egypt

Orascom Construction: Strong Awards Momentum Nourishes Backlog

  • Bottom line benefits from base year effect, growing top line, and subsidiaries contribution

  • Higher MEA revenue supports topline, Backlog stands strong on sustainable award momentum

  • Reiterate Overweight; Egypt underpins performance

Zeyad Ahmed
Al Ahly Pharos Securities Brokerage
29 August 2021