Orascom Investment withdraws acquisition offer of NILE Sugar

Tue, 09 Jul 2019 - 01:38 GMT

It also approved to grant a shareholder’s loan to its subsidiary Beltone Financial Holding amounting to $1.55 million.

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.

Profits of Orascom Investment jump 91% in 2019

Thu, 04 Apr 2019 - 12:14 GMT

As per standalone results, Orascom Investment accomplished profits of LE 58.79 million in 2018, compared to LE 606.14 million in 2017, with a decline of 90.3 percent.

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.