Orascom Construction PLC (CAI:ORAS)
E£ 393.8 (0%) Market Cap: 43.41 Bil Enterprise Value: 7.99 Bil PE Ratio: 8.01 PB Ratio: 1.21 GF Score: 56/100

Q4 2022 Orascom Construction PLC Earnings Call Transcript

Mar 23, 2023 / 09:00AM GMT
Release Date Price: E£71.05
Operator

Good day, and welcome to the Orascom Construction FY 2022 Results Conference Call. (Operator Instructions) And finally, I'd like to advise all participants that this call is being recorded. I'd now like to welcome Mr. Osama Bishai to begin the conference. Mr. Bishai, over to you.

Osama Anwa Bishai
Orascom Construction PLC - CEO & Executive Director

Good afternoon, and good morning, everybody. First, I would like to wish the guys in the Middle East a Happy Ramadan and I know this is the first day of Ramadan, and probably we will have much less audience today compared to other calls. Let me first start that -- to start by -- Reham will run the numbers, but I would like to highlight a few things that we have actually achieved last year, and that puts us in a much better position for 2023.

Number 1 is that our strategy to build a wind platform has been -- is going forward in very serious steps. We broke ground for the 500-megawatt wind farm in Egypt just before COP27. We are a shareholder of 25%, and we are the EPC contractor for rap other than the

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