{"id":560151,"date":"2021-02-17T03:47:19","date_gmt":"2021-02-17T03:47:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/ofh-shares-hit-the-egx-today\/"},"modified":"2021-02-17T03:47:19","modified_gmt":"2021-02-17T03:47:19","slug":"ofh-shares-hit-the-egx-today","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/ofh-shares-hit-the-egx-today\/","title":{"rendered":"OFH shares hit the EGX today"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Shares of n<\/strong><strong>ewly spun-off Orascom Financial Holdings\u2019 (OFH) will begin trading on <\/strong><strong>the EGX today<\/strong> in the final step of its split from Orascom Investment Holdings (OIH), OIH said in a regulatory <a href=\"https:\/\/ent.news\/2021\/2\/16-02-2021-%D8%A7%D9%88%D8%B1%D8%A7%D8%B3%D9%83%D9%88%D9%85-%D8%A7%D8%B9%D8%A7%D8%AF%D8%A9.pdf\">filing (pdf)<\/a>. The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5866b348-c241-4ce3-80e1-9a0483822dd9\">Financial Regulatory Authority<\/a> and OIH shareholders <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2469cdec-9e26-4c3d-b311-03eca1646756\">approved the demerger<\/a> late last year.<\/p>\n<p><strong>Trading of OIH\u2019s shares <\/strong><strong>on the EGX as well its global depositary receipts <\/strong>on the London Stock Exchange stock will also resume. Both were temporarily <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0c34203-11bd-4e8b-ad37-b861ca42b976\">suspended last week<\/a> pending share ownership transfers of OIH subsidiaries Beltone and Sarwa Capital as part of the demerger. Both companies will continue to trade on the main exchange, according to an <a href=\"https:\/\/www.egx.com.eg\/ar\/BulletinNews.aspx?BCODE=46286\">EGX disclosure<\/a>.<\/p>\n<p><strong>OFH owns high-profile financial industry outfits <\/strong>including Beltone Financial (74.5%) and tightly held Sarwa Capital (28.8%). It\u2019s also in line to collect deferred proceeds from the sale of an investment bank, Pharos\u2019 Bassma Bakry writes.<\/p>\n<p><strong>OIH will hold legacy assets <\/strong>including the group\u2019s Pyramids Plateau tourism venture, a telecoms cable outfit in Pakistan, a real estate asset in Brazil and North Korea\u2019s mobile network, Koryolink. Resolution on the status of Koryolink would be the \u201csaviour\u201d of OIH, Bakry says.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of newly spun-off Orascom Financial Holdings\u2019 (OFH) will begin trading on the EGX today in the final step of its split from Orascom Investment Holdings (OIH), OIH said in a regulatory filing (pdf). The Financial Regulatory Authority and OIH shareholders approved the demerger late last year. Trading of OIH\u2019s shares on the EGX as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":560152,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9891],"tags":[3317,3450,68,72,553,618],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-demerger-watch","tag-demerger","tag-demerger-watch","tag-egx","tag-enterpriseam","tag-orascom-financial-holding","tag-orascom-investment-holding","wpautop","entry"],"acf":{"mongo_id":"daf9bfcb-52d5-4537-8791-49eb1c0dd3fe","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/252.jpg","photo_position":"above","related_issue":[560143],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>OFH shares hit the EGX today - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/ofh-shares-hit-the-egx-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OFH shares hit the EGX today\" \/>\n<meta property=\"og:description\" content=\"Shares of newly spun-off Orascom Financial Holdings\u2019 (OFH) will begin trading on the EGX today in the final step of its split from Orascom Investment Holdings (OIH), OIH said in a regulatory filing (pdf). The Financial Regulatory Authority and OIH shareholders approved the demerger late last year. Trading of OIH\u2019s shares on the EGX as [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/ofh-shares-hit-the-egx-today\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-17T03:47:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/252.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/ofh-shares-hit-the-egx-today\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/ofh-shares-hit-the-egx-today\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"OFH shares hit the EGX today\",\"datePublished\":\"2021-02-17T03:47:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/ofh-shares-hit-the-egx-today\/\"},\"wordCount\":194,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/ofh-shares-hit-the-egx-today\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/252.jpg?fit=%2C&ssl=1\",\"keywords\":[\"demerger\",\"DEMERGER WATCH\",\"EGX\",\"EnterpriseAM\",\"Orascom Financial Holding\",\"Orascom Investment Holding\"],\"articleSection\":[\"DEMERGER WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/ofh-shares-hit-the-egx-today\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/ofh-shares-hit-the-egx-today\/\",\"name\":\"OFH shares hit the EGX today - 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The move will see OIH spin off its financial services holdings to create the separate joint stock company Orascom Financial Holding (OFH), according to an EGX filing\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/222.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574387,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/oih-will-split-into-two-companies-one-running-financial-services-the-other-with-all-other-investments\/","url_meta":{"origin":560151,"position":1},"title":"OIH will split into two companies: One running financial services, the other with all other investments","author":"enterpriseam admin","date":"8 September 2020","format":false,"excerpt":"DEMERGER WATCH- Who gets what as OIH splits in two? The Financial Regulatory Authority (FRA) has approved Orascom Investment Holding\u2019s (OIH) plan to implement a \u201chorizontal demerger,\u201d it said in an EGX filing (pdf) yesterday. OIH has now officially split into two companies \u2014 OIH and Orascom Financial Holding (OFH).\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573301,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/oih-eyes-demerger-to-delineate-between-investments-in-financial-services-other-industries\/","url_meta":{"origin":560151,"position":2},"title":"OIH eyes demerger to delineate between investments in financial services + other industries","author":"enterpriseam admin","date":"28 July 2020","format":false,"excerpt":"DEMERGER WATCH- OIH board signs off on demerger to delineate between its investments in financial services + other industries: Orascom Investment Holding (OIH) is planning to implement a \u201chorizontal demerger\u201d as part of its plans to restructure the company, according to a bourse disclosure (pdf). The plan, already approved by\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559885,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/beltone-sarwa-will-soon-have-a-new-corporate-parent\/","url_meta":{"origin":560151,"position":3},"title":"Beltone, Sarwa will soon have a new corporate parent","author":"enterpriseam admin","date":"8 February 2021","format":false,"excerpt":"Trading of Orascom Investment Holding (OIH) shares on the EGX will be suspended this coming Thursday, 11 February, to allow the company to spin out assets including investment bank Beltone and non-bank financial services player Sarwa Capital into a new entity, Orascom Financial Holding. OIH confirmed the move in a\u2026","rel":"","context":"In &quot;Capital markets&quot;","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/129.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574873,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/orascom-financial-holding-strategy-to-arrive-by-years-end-sawiris\/","url_meta":{"origin":560151,"position":4},"title":"Orascom Financial Holding strategy to arrive by year\u2019s end -Sawiris","author":"enterpriseam admin","date":"24 September 2020","format":false,"excerpt":"Orascom Financial still working on plans for subsidiaries + investments, including potential sell-down of stake in Sarwa: Newly formed Orascom Financial Holding (OFH) is planning to bring to its shareholders a strategy for its subsidiaries and holdings within a few months\u2019 time, but has not yet made any concrete decisions,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/266.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559973,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/new-ofh-management-structure-sena-erten-tapped-as-ericsson-mea-vp\/","url_meta":{"origin":560151,"position":5},"title":"New OFH management structure + Sena Erten tapped as Ericsson MEA VP","author":"enterpriseam admin","date":"10 February 2021","format":false,"excerpt":"OFH management structure: Onsi Naguib Sawiris (LinkedIn) will become chairman of Orascom Financial Holding (OFH) \u2014 the spinoff company from Orascom Investment Holding that will be created in the upcoming horizontal demerger, OFH said in response to an inquiry from Hapi Journal. Sawiris is the co-founder and managing partner of\u2026","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=560151"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560151\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560143"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/560152"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=560151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=560151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=560151"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=560151"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=560151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}