OHLA announces that it has received the award issued by the International Chamber of Commerce in the arbitration proceedings initiated by Qatar Foundation for Education, Science and Community Development against the Joint Venture (JV) formed by OHLA (with a 55% stake) and its partner, in relation to the Sidra Hospital contract in Qatar.

The tribunal has ruled that the JV must pay Qatar Foundation 104.6 million Qatari riyals (equivalent to €24.3 million at today’s exchange rate). This amount represents 3.3% of the total claimed by Qatar Foundation, considering the more than €210 million executed in guarantees. The total amount claimed by Qatar Foundation amounted to over €950 million, so this award eliminates a contingency of up to €740 million for the JV.

This award, therefore, confirms the strength of OHLA’s position and represents a favorable resolution in a complex process. It is worth noting that the award will not have a negative impact on OHLA’s financial statements, as the amount is fully covered by the corresponding provision. Additionally, the JV has €40 million available to meet the obligations arising from the award, highlighting OHLA’s prudent approach in its estimates.

In anticipation of the resolution of this process, OHLA had provisioned a total of €28 million in its balance sheet. Once the award is known and the obligation is covered, the net positive result for the company would amount to €15 million, which will be reflected in the Annual Accounts. This conservative forecast, which OHLA has transparently communicated since the beginning of the process, demonstrates the strength of the Group’s financial management and its ability to anticipate and mitigate risks. The arbitral tribunal will issue an additional ruling on costs and interest before October 31, 2025.

With this resolution, OHLA enters a new phase in its roadmap, marked by a solid financial and operational position. This positive evolution has been supported in recent years by sustained improvement in sales, which exceeded €4.1 billion at the close of the last fiscal year, as well as by an EBITDA that has more than doubled in the past five years. This is further reinforced by stronger cash generation, a significantly healthier project portfolio, and a debt reduction of over €530 million in the same period. These advances consolidate OHLA’s transformation and strengthen its sustainable growth for the future.