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United Kingdom

Orascom Investment Holding SAE (OIH.CA)

OIH.CA on Cairo Stock Exchange

0.68EGP
16 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Orascom Investment Updates On Cancellation Of Sound And Light Contract To unit
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - ORASCOM INVESTMENT HOLDING ::COMMENTS ON NEW "GOVERNMENT BEGINS PROCEDURES TO CANCEL SOUND AND LIGHT CONTRACT WITH ORASCOM-PRISM".SAYS FOREIGN PARTNER VIOLATED TERMS OF CONTRACT, NOT COMPLETED WORKS AND DID NOT PRODUCE ANY SHOW.CO HAS RIGHT TO SUE FOREIGN PARTNER.CO STILL HAS INTENTION TO APPLY, IF GOVERNMENT ISSUES TENDER AGAIN.  Full Article

Egyptian Exchange Executes Purchase Offer By Orascom Investment On Sarwa Capital Shares
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - EGYPTIAN EXCHANGE::SAYS VOLUNTARY PURCHASE OFFER BY ORASCOM INVESTMENT IMPLEMENTED ON 216 MILLION SHARES OF SARWA CAPITAL FOR TOTAL OF EGP 1.59 BILLION.  Full Article

Orascom Investment To Provide Services To Visitors Of Pyramids Of Giza
Sunday, 16 Dec 2018 

Dec 16 (Reuters) - ORASCOM INVESTMENT HOLDING ::SIGNS AGREEMENT WITH SUPREME COUNCIL OF ANTIQUITIES TO PROVIDE SERVICES TO VISITORS OF PYRAMIDS OF GIZA.WILL SET UP A NEW COMPANY TO PROVIDE SERVICES.SUPREME COUNCIL OF ANTIQUITIES WILL GET A FIXED AMOUNT OF OVER 10 PERCENT ANNUALLY OR 50 PERCENT OF NEW CO'S NET PROFIT, WHICHEVER HIGHER.  Full Article

Egypt's Orascom Investment Board Approves To Obtain Loan From Afreximbank
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - ORASCOM INVESTMENT HOLDING ::BOARD APPROVES TO OBTAIN TERM FACILITY OF UP TO $170 MILLION FROM AFRICAN EXPORT-IMPORT BANK (AFREXIMBANK).  Full Article

Egypt's FRA Approves Orascom Investment's Offer For Stake In Sarwa Capital
Monday, 26 Nov 2018 

Nov 26 (Reuters) - FINANCIAL REGULATORY AUTHORITY::APPROVES PUBLISHING OF ORASCOM INVESTMENT'S PURCHASE OFFER FOR NON-CONTROLLING STAKE IN SARWA CAPITAL.  Full Article

Orascom Investment In Talks To Acquire Juice And Dairy Plant
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - ORASCOM INVESTMENT HOLDING ::IN TALKS TO ACQUIRE JUICE AND DAIRY PLANT.  Full Article

Telecom Egypt Signs SPA For Acquisition Of MENA Cable
Monday, 21 May 2018 

May 21 (Reuters) - TELECOM EGYPT CO ::SUBSIDIARY, EGYPTIAN INTERNATIONAL SUBMARINE CABLES COMPANY (EISCC) EXECUTED SPA AGREEMENT WITH OTMT HOLDING FOR PURCHASE OF OTMT'S SHAREHOLDING OF ITS SUBSIDIARY MENA CABLE FOR TOTAL VALUE OF $90 MILLION.THE TRANSACTION AIMS TO BE CONCLUDED IN 60 DAYS, AFTER FULFILLMENT OF ALL CONDITIONS PRECEDENTS.EISCC'S FINANCIAL ADVISERS INCLUDE KPMG AND FIRST CAPITAL FINANCIAL ADVISORY.DECISION TO ACQUIRE MENA CABLE IS IN LINE WITH CO'S STRATEGY TO ACHIEVE SHORT-TERM RETURN FROM INVESTMENT, PRESERVE REVENUE STREAM OF SUBMARINE CABLE SYSTEMS.  Full Article

Egypt's OTMT Announces Sale Of MENA Cable
Friday, 18 May 2018 

May 21 (Reuters) - ORASCOM TELECOM MEDIA AND TECHNOLOGY HOLDING ::ANNOUNCES SALE OF MIDDLE EAST AND NORTH AFRICA SUBMARINE CABLE.DECISION TO DIVEST MENA COMES IN LINE WITH OTMT’S STRATEGY IN DIVESTING ITS NON - CORE ASSETS.INTENDS TO UTILIZE PROCEEDS OF SALE OF MENA IN RECENTLY EXPANDED LINES OF OPERATIONS BEING MAINLY FINANCIAL, REAL ESTATE, AGRIINDUSTRIES, ENTERTAINMENT AND LOGISTICS SECTORS.  Full Article

Beltone Financial Says Unit To Open Office In London
Tuesday, 24 Apr 2018 

April 24 (Reuters) - BELTONE FINANCIAL HOLDING ::U.S. BASED UNIT AUERBACH GRAYSON & COMPANY TO OPEN FIRST INTERNATIONAL OFFICE IN LONDON AS PART OF GLOBAL EXPANSION EFFORTS.LONDON OFFICE IS SLATED TO OPEN IN JUNE 2018.  Full Article

Egypt's OTMT Ends Talks On Inertia Acquisition
Sunday, 15 Apr 2018 

April 15 (Reuters) - ORASCOM TELECOM MEDIA AND TECHNOLOGY HOLDING ::SAYS NO DEAL REACHED ON ACQUISITION OF INERTIA FOR ENGINEERING AND TRADING, STOPS TALKS.  Full Article

MIDEAST STOCKS-UAE property developers’ earnings give Gulf markets a boost

* Emaar, Aldar post better-than-expected results * Real estate sector gets confidence boost * DAMAC gains despite 87 pct drop in Q4 net profits * Bank stocks down in Saudi Arabia * Orascom Investment extends gains in Egypt DUBAI, Feb 17 Most stock markets in the Middle East closed higher on Sunday, reflecting a rally in global stock markets on Friday, and were also boosted by better-than-expected company results, particularly in real estate. The Abu Dhab