SectionEgypt overview
Oriental Weavers (ORWE)
One of the world's largest makers of machine-woven carpets and rugs.
TickerORWE
ExchangeEGX
SectorConsumer goods
CurrencyEGP
About Oriental Weavers
Oriental Weavers, founded in 1979, has grown into one of the world's largest manufacturers of machine-made carpets and rugs, with factories in Egypt, the United States and China.
A large share of its sales is exported, including to the US market, which gives the company significant foreign-currency revenue.
Its margins depend on the price of polypropylene and other raw materials, on export demand and on the exchange rate, which makes it a frequent pick for investors seeking exposure to Egyptian exporters.