The company’s indicators showed that the operating profits hit LE 272.17 billion during the 2020period, compared to LE 322.27 billion during the compared period of 2019.
As per standalone results, Orascom turned into loss by LE 253.33 million in 2019, compared to profits of LE 58.79 million during 2018.
As per standalone results, Orascom turned into loss by LE 295.19 million, compared to profits of LE 175.1 million during January-September period of 2018.
It also approved to grant a shareholder’s loan to its subsidiary Beltone Financial Holding amounting to $1.55 million.
The price of the deal will be LE 7.36 per share as a result of the attaining of the first case of the acquisition.
Beltone Financial Holding announced that OPR market will be opened to Orascom offerfrom November 28 toDecember 11, 2018.