The consolidated net profits attributable to the parent company of Oriental Weavers Carpets surged by 25.97% year-on-year (YoY) to EGP 2.192 billion in 2024

Oriental Weavers has inaugurated its new expansion of the at the group's spinning factory, which features four consecutive treatment stages and has a capacity of 1,250 cubic meters per day.

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir has visited Oriental Weavers’ headquarters in the 10th of Ramadan City.

Oriental Weavers concluded its annual Egypt Market Week event under the theme "Innovation Rooted in Heritage" at its headquarters.

Oriental Weavers Carpets (ORWE) posted a 43.69% year-on-year (YoY) increase in consolidated profits attributable to the parent company for the first nine months of 2024.

Oriental Weavers has joined forces with Gemini Africa to launch the “Weavers of Tomorrow” program.

Oriental Weavers has won the title of "Largest Exporters in Home Textiles" by the General Organization for Export and Import Control (GOEIC) in its first annual forum in Cairo, marking the 50th anniversary of its establishment.

Oriental Weavers has contracted with the Integrated Renewable & Sustainable Communities (IRSC), a sustainable infrastructure developer, to install a 2.5-megawatt (MW) solar power plant at one of the former’s factories in the 10th of Ramadan City, with total investments of $1.5 million.

Oriental Weavers has solidified its status as a global leader in the textile industry by winning three prestigious awards at the International Business Magazine Awards 2024.

Oriental Weavers Carpets (ORWE) posted a 78.2% year-on-year (YoY) increase in consolidated profit attributable to the parent company for the first half (H1) of 2024.

Oriental Weavers was named one of the Top 50 Listed Companies in Egypt by Forbes Middle East.

Oriental Weavers Carpets (ORWE) posted a 4.1% year-on-year (YoY) increase in consolidated net profits attributable to the parent company in the first quarter (Q1) of 2024, recording EGP 427.418 million.

Oriental Weavers is considering investing in the education sector in Egypt.

Oriental Weavers has forged a partnership with Loloi Rugs, a leading rug distributor in the US.

Oriental Weavers has decided to pay cash dividends of EGP 1.250 per share to shareholders for 2023 on April 30th, the company stated on April 8th.

Oriental Weavers Group is leaning on the US and Saudi markets to grow its export share of total production to 70% in 2024, compared to 65% in 2023, the group’s Chairman Yasmine Khamis said.

Oriental Weavers Carpets registered a 106.46% year-on-year (YoY) climb in 2023 consolidated net profits after minority interest, according to the company’s financial income statements filed to the EGX on February 28th.

Oriental Weavers (OW) has represented Egypt at Domotex 2024, held in Hannover, Germany from January 11th to 14th.

Oriental Weavers Carpets’ (ORWE) board of directors has decided to sell the firm’s 0.7% stake in Al Ahli Bank of Kuwait (ABK) - Egypt.

Founded in 1979 and listed on EGX in 1997, Oriental Weavers has emerged as a producer of machine-woven carpets and rugs for the residential, commercial, and hospitality industries.