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Orascom Investment Holding SAE (OIH.CA)

OIH.CA on Cairo Stock Exchange

0.57EGP
21 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Orascom Investment Holding FY Standalone Profit Falls
Thursday, 4 Apr 2019 

April 4 (Reuters) - ORASCOM INVESTMENT HOLDING ::FY STANDALONE NET PROFIT EGP 58.8 MILLION VERSUS EGP 606.1 MILLION YEAR AGO.  Full Article

Orascom Investment Holding Updates On Acquisition Of Nile Sugar
Thursday, 4 Apr 2019 

April 4 (Reuters) - ORASCOM INVESTMENT HOLDING ::UPDATES ON TALKS BETWEEN VICE-CHAIRMAN AND SHAREHOLDERS OF NILE SUGAR ON ACQUISITION OF THEIR SHARES IN NILE SUGAR.VICE-CHAIRMAN PRESENTED THE RESULTS OF THE NEGOTIATIONS WITH THE SHAREHOLDERS OF NILE SUGAR.100% OF THE ISSUED SHARE CAPITAL OF NILE SUGAR S.A.E. TO BE ACQUIRED BY THE COMPANY.PURCHASE PRICE EGP 3.59 BILLION AS TOTAL AMOUNT OF TRANSACTION.PURCHASE PRICE IN ADDITION TO SETTLEMENT OF CURRENT SHAREHOLDERS' LOAN WITH AN AGGREGATE AMOUNT OF ABOUT EGP 70 MILLION.PAYMENT OF 10 PERCENT OF TOTAL PURCHASE PRICE AMOUNTING TO EGP 359.1 MILLION IN ADDITION TO SETTLEMENT OF SHAREHOLDERS' LOAN OF APPROX. EGP 70 MILLION WILL BE PAID UPON COMPLETION OF TRANSACTION.REMAINING 90 PERCENT OF PURCHASE PRICE AMOUNTING TO EGP 3.23 BILLION SHALL BE RECORDED AS DEBT ON COMPANY'S FINANCIAL STATEMENTS.COMPANY SHALL ISSUE PROMISSORY NOTES WITH AMOUNT OF REMAINING 90% OF PURCHASE PRICE AS A GUARANTEE FOR PAYMENT IN FAVOR OF THE SELLERS.  Full Article

Egypt's Orascom Investment Holding FY Consol Profit Rises
Thursday, 4 Apr 2019 

April 4 (Reuters) - ORASCOM INVESTMENT HOLDING ::FY CONSOL NET PROFIT EGP 865.6 MILLION VERSUS EGP 453.1 MILLION YEAR AGO.FY CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 910.7 MILLION VERSUS EGP 437.9 MILLION YEAR AGO.FY CONSOL OPERATING REVENUE EGP 1.75 BILLION VERSUS EGP 1.49 BILLION YEAR AGO.  Full Article

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

MIDEAST STOCKS-ADNOC Distribution shines in Abu Dhabi, Saudi drops

* ADNOC Distribution jumps 8 pct * Union Properties rises in heavy trade * Emirates NBD extends gains on Denizbank deal DUBAI, April 7 ADNOC Distribution lifted the Abu Dhabi stock market on Sunday and Dubai continued its winning streak, while Saudi Arabia lagged behind. The Abu Dhabi index was up 0.4 percent, as ADNOC Distribution rose 8 percent to a one year high of 2.7 dirhams ($0.7351). Last week, the company's shareholders approved an increase in the fir