Q2 2021 Orascom Development Egypt SAE Earnings Call Transcript

Aug 16, 2021 / 01:00PM GMT
Sara Boutros - CI Capital Holding - Analyst

Hello, everyone, and thank you for dialing in. This is Sara Boutros from CI Capital Research team. We're happy to be hosting today ODE's 2Q '21 results call. From management's team we have with us on the line, Mr. Omar Hamamsy, CEO; Mr. Ashraf Nessim, CFO; and Ms. Sara Gawahergy, who is the head of IR and Strategic Project Management.

As usual we will start off with a brief presentation by management, and then we will open the floor for questions. (Operator Instructions) Omar, please go ahead, over to you.

Omar Hamamsy - Orascom Development Egypt - Group CEO

Thank you. Good afternoon, everybody. Very good talking with you. This is our first half of 2021 results, as well as also our Q2. I'll focus primarily in the numbers and the story on the first half because we're looking at this overhead a longer kind of movie, if you will cut. But the rationale, the rates, the ratios, and the momentum apply equally to the second quarter of 2021 vis-a-vis the second quarter of 2020.

So net-net, I think we have a

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