Orascom Construction Industries (OCI) has reportedly requested that the Financial Regulatory Authority (FRA) stop Golden Pyramids Plaza from selling corporate bonds until it repays OCI and Consolidated Contractors International c. EGP 305 mn in damages awarded by 2015 arbitration ruling. Reports suggest that FRA is considering the decision. An Appellate Court had rejected an appeal by Golden Pyramids back in February against the arbitration ruling.
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