Ahhh… the Middle East — a region often defined by conflict and complexity. But from chaos comes opportunity. And this time, it’s a big one.
After 14 years under crippling sanctions, something extraordinary has happened in Syria. One regime change later, and in 2024, the sanctions have finally been lifted.
Millions of refugees are eager to return home and rebuild their lives. There’s just one problem: there’s nothing to come back to. The country is destroyed and too poor to do anything about it.
Ughhh… if only Bob the Builder could lend a hand.
Luckily, we’ve got something better: Nassef Sawiris, the man behind Orascom Construction — one of Egypt’s largest and most respected firms, with a proven track record of delivering on tough, high-stakes projects.
Orascom doesn’t follow the herd (just like us). Case in point: the Baiji power plant in Iraq.
And based on everything we’ve seen, we strongly believe they’ll play a major role in Syria’s reconstruction.
The company trades under the symbol OC on Nasdaq Dubai, boasting an impressive 11.73% dividend yield, a market cap of $578 million, and $118 million in net income. It’s currently priced at a P/E ratio of just 4.9, compared to a sector average of 12 — we believe it’s already a bargain.
Add to that the backing of the Sawiris family, one of the most powerful business dynasties in Egypt, and you have a company with a real moat — operationally, financially, and politically.
The full impact of these projects will take time to materialize on the balance sheet and cash flow statements — patience is key, but the potential upside is explosive.
This is a stock to hold long-term and let the value unfold over time you’ll have to be content with the 11% dividend for now.
Reminder: As always, we recommend allocating no more than 2–3% of your portfolio to any individual position.