Orascom Construction lists on Abu Dhabi’s ADX

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Orascom Construction, a leading global engineering and construction contractor, commenced trading on the Abu Dhabi Securities Exchange (ADX), marking the third company to list on the exchange in 2025.

The trading of Orascom Construction’s shares commenced ADX under the ticker “ORAS” with a market capitalisation of $905m. 

Abdulla Salem Alnuaimi, group CEO of ADX, highlighted that the listing enhances market depth and opens new investment opportunities, particularly in infrastructure and energy sectors. He emphasized that this addition complements ADX’s diverse sector offerings, including financial services, healthcare, technology, and real estate.

Osama Bishai, CEO of Orascom Construction, expressed enthusiasm about the listing, noting the company’s active role in Abu Dhabi’s construction and infrastructure investments. He stated that the listing is a step in their internal restructuring to expand construction activities and strengthen infrastructure investments.

Orascom executes infrastructure, industrial, and high-end commercial projects in the region

Orascom Construction primarily executes infrastructure, industrial, and high-end commercial projects in the Middle East, Africa, and the US.

The firm also develops and invests in concessions, owns 50 per cent of the BESIX Group, and holds a portfolio comprising building materials, facility management, and equipment services. The group consistently ranks among the top contractors globally and maintains a secondary listing on the Egyptian Exchange (EGX).

In H1 2025, Orascom Construction reported a consolidated backlog of $9.6bn, $2bn in revenue, and a net profit of $82.7m.

Since its IPO in March, the company has rewarded shareholders with over $300m through dividends and share buybacks, with total dividends increasing 20.7 per cent year-on-year to $51.8m.

EFG Hermes concludes advisory for its role as listing and financial advisor

In other news, EFG Hermes said it had successfully concluded advisory for its role as listing and financial advisor to Orascom Construction on its listing on ADX.  

Maged El Ayouti, co-head of Investment Banking at EFG Hermes, commented: “EFG Hermes is proud to have partnered with Orascom Construction to advise on this transaction, which will expand the company’s investor base and enhance its visibility across the region.

“This transaction adds to EFG Hermes’ strong track record of landmark deals since the beginning of the year, whereby EFG Hermes has advised on six M&A transactions, 8 DCM, and 10 ECM transactions across the region.” 

Orascom Construction’s secondary listing on the Egyptian Exchange (EGX) remains unchanged.