Orascom Investment Holding

Orascom Investment records loss of LE 79M in Q1 2019

Tue, 11 Jun 2019 - 11:40 GMT

As per standalone results, Orascom recorded a loss of LE 129.57 million, compared to LE 33.96 million during the first quarter of 2018.

Orascom Investment to raise its capital to LE6.25B

Mon, 08 Apr 2019 - 10:47 GMT

The board of directors of Orascom Investment Holding Company (OIH) proposed an increase in the company's capital to LE 6.25 billion after approval of the acquisition of Nile Sugar Company.

Orascom Investment to acquire Nile Sugar by LE3.76B

Thu, 04 Apr 2019 - 12:10 GMT

Orascom Investment Holdings’ board of directors ratified the approval of the independent financial advisor’s report (BDO Financial Consultants), which has set the fair value of the share capital of Nile Sugar Company SAE at LE 2.84 per share.

Orascom Investment’s subsidiary to work in North Korea

Mon, 31 Dec 2018 - 08:23 GMT

The company stated that it does not need any additional approvals or exemptions from the Security Council to conduct its business.

Council of Antiquities signs contract with Orascom

Sun, 16 Dec 2018 - 03:44 GMT

The Supreme Council of Antiquities signed a contract with Orascom Investment Holding to provide Giza Pyramids' visitors with services, with the council having the sole right to manage the area.

Orascom Investment agrees to borrow $170M from Afreximbank

Wed, 28 Nov 2018 - 12:34 GMT

The board of directors of Orascom Investment Holding approved to obtain a term facility of up to $170 million from the African Export-Import Bank.

EFSA receives tender offer from Orascom to purchase Sarwa Capital shares

Sun, 18 Nov 2018 - 03:10 GMT

The Egyptian Financial Supervisory Authority (EFSA) announced Sunday that it has received a tender offer from Orascom Investment Holding (OTH) to buy capital shared of the Sarwa Capital company.

Orascom offers to buy non-controlling stake in Sarwa Capital

Wed, 31 Oct 2018 - 12:00 GMT

Orascom intends to make an optional purchase offer for two cases: the first is to acquire 216.03 million shares at the offer price of LE 7.36.

Sarwa Capital’s share jump 10% pushed by Orascom Investment offer

Wed, 31 Oct 2018 - 11:58 GMT

Sarwa Capital’s share hiked 10 percent, reaching LE 6.17, by 11:46 am after Orascom Investment Holding announcement to purchase non-controlling stake of Sarwa shares.

Telecom Egypt acquires MENA Cable from Orascom Investment for $90M

Mon, 17 Sep 2018 - 10:36 GMT

EFG Hermes acted as the brokerage company for executing the transaction on Telecom Egypt’s side.