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Elsewedy eyes stake in Egypt’s combined-cycle power plants, other Tharaa investments
Elsewedy eyes stake in Egypt’s combined-cycle power plants, Naguib looking at other potential investments through Tharaa: Elsewedy Electric is looking…
Orascom Investment Holding
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Orascom Investment Holding
Naguib Sawiris replaces Tamer El Mahdi as OIH CEO
MOVES- Orascom Investment Holding Executive Chairman Naguib Sawiris will assume the position of CEO after Tamer El Mahdi submitted his…
Public Enterprises Ministry reaches settlement with OIH over SLCC dispute
DISPUTE WATCH- OIH-Prism JV, Sound and Light Company reach settlement over contract annulment: A JV between Orascom Investment Holding (OIH)…
Orascom Investment records net losses of EGP 153.4 mn in 1H2019
EARNINGS WATCH- Orascom Investment Holding (OIH) recorded net losses of EGP 153.3 mn in 1H2019, compared to losses of EGP…
Orascom Investment withdraws offer to acquire Nile Sugar
M&A WATCH- Sawiris’ Orascom Investment backtracks from Nile Sugar acquisition: Orascom Investment Holding (OIH) has withdrawn its offer to acquire…
Earnings watch: Palm Hills, Orascom Investment Holding
EARNINGS WATCH- Palm Hills Development (PHD) reported a 37% y-o-y drop in 1Q2019 net profit to EGP 141.2 mn, down…
Beltone’s management agrees with Orascom to leave in October
Beltone Financial and Orascom Investment Holding have decided against renewing a management services agreement between the two companies after its…
OIH looks to extend deadline to acquire Egypt’s Nile Sugar to update valuation report
Orascom Investment Holding wants more time in which to close its acquisition of Nile Sugar as it seeks time to…
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