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Orascom Investment Holding SAE (OIH.CA)

OIH.CA on Cairo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Egyptian Exchange Says OTMT Reduces Stake in Beltone Financial
Sunday, 24 Dec 2017 

Dec 24 (Reuters) - EGYPTIAN EXCHANGE::EGYPT"S OTMT SELLS 11.4 MILLION SHARES IN BELTONE FINANCIAL AT EGP 13.26 PER SHARE, REDUCES STAKE IN BELTONE FINANCIAL TO 70 PERCENT FROM 76.73 PERCENT.  Full Article

Egypt's Orascom Telecom Studying Entry into African Agricultural Industries
Monday, 11 Dec 2017 

Dec 11 (Reuters) - ORASCOM TELECOM MEDIA AND TECHNOLOGY HOLDING ::STUDYING INVESTMENTS IN VARIOUS SECTORS INCLUDING AGRICULTURAL INDUSTRIES IN EAST AND WEST-AFRICAN COUNTRIES AND IN REAL ESTATE DEVELOPMENT (FIXES TYPO).  Full Article

Egypt's OTMT Q3 loss widens to EGP 128.4 mln
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - ORASCOM TELECOM MEDIA AND TECHNOLOGY HOLDING SAE :Q3 CONSOL NET LOSS ATTRIBUTABLE TO SHAREHOLDERS EGP 128.4 MILLION VERSUS LOSS OF EGP 54.2 MILLION YEAR AGO.Q3 CONSOL OPERATING REVENUE EGP 358.9 MILLION VERSUS EGP 122.6 MILLION YEAR AGO.NINE-MONTH CONSOL NET PROFIT EGP 239.9 MILLION VERSUS LOSS OF EGP 38.7 MILLION YEAR AGO.NINE-MONTH STANDALONE NET PROFIT EGP 296.8 MILLION VERSUS EGP 60 MILLION YEAR AGO.  Full Article

MIDEAST STOCKS-Most of region firm, blue chips boost Egypt sharply

Nov 15 Most Middle Eastern stock markets were firm on Thursday while Egypt rose sharply in active trade on buying of blue chips that was encouraged by strength in emerging markets, generally due to optimism over the Sino-U.S. trade dispute.