{"id":574387,"date":"2020-09-08T03:49:04","date_gmt":"2020-09-08T03:49:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/oih-will-split-into-two-companies-one-running-financial-services-the-other-with-all-other-investments\/"},"modified":"2020-09-08T03:49:04","modified_gmt":"2020-09-08T03:49:04","slug":"oih-will-split-into-two-companies-one-running-financial-services-the-other-with-all-other-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/oih-will-split-into-two-companies-one-running-financial-services-the-other-with-all-other-investments\/","title":{"rendered":"OIH will split into two companies: One running financial services, the other with all other investments"},"content":{"rendered":"<p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <strong>DEMERGER WATCH- Who gets what as OIH splits in two?<\/strong> The Financial Regulatory Authority (FRA) has approved Orascom Investment Holding\u2019s (OIH) plan to implement a \u201chorizontal demerger,\u201d it said in <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/250648_1.pdf\">an EGX filing (pdf)<\/a> yesterday. OIH has now officially split into two companies \u2014 OIH and Orascom Financial Holding (OFH). The move aims to clearly distinguish between the company\u2019s operations in the financial services industry, which will be handled by OFH, and other sectors, managed by OIH, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7b31a803-3d77-4a46-a78b-2fe80b8bcf8c\">the company said in July<\/a>. OIH will remain listed on the EGX with an authorized capital of EGP 2.5 bn, the regulator said in <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/250665_1.pdf\">a separate filing (pdf).<\/a><\/p>\n<p><strong>Who gets what?<\/strong> OIH retains all of its investments in its eight subsidiaries, including Orascom Telecom Ventures, O Capital, and Orascom Pyramids, along with its sister Cheo Joint Venture Technology company. Meanwhile, OFH will get OIH\u2019s investments in Beltone Financial (74.5%) and Sarwa Capital (28.8%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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). The move aims to clearly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[933,3317,72,76,363,553,618,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574387","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-contact-financial","tag-demerger","tag-enterpriseam","tag-financial-regulatory-authority","tag-orascom-construction","tag-orascom-financial-holding","tag-orascom-investment-holding","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5866b348-c241-4ce3-80e1-9a0483822dd9","is_powered_by":true,"section_story_id":"820e46d6-b2ea-4c95-bf13-443d2f4a21d8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[574374],"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>OIH will split into two companies: One running financial services, the other with all other investments - 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\/2020\/09\/08\/oih-will-split-into-two-companies-one-running-financial-services-the-other-with-all-other-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OIH will split into two companies: One running financial services, the other with all other investments\" \/>\n<meta property=\"og:description\" content=\"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). The move aims to clearly [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/oih-will-split-into-two-companies-one-running-financial-services-the-other-with-all-other-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-08T03:49:04+00:00\" \/>\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\/2020\/09\/08\/oih-will-split-into-two-companies-one-running-financial-services-the-other-with-all-other-investments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/oih-will-split-into-two-companies-one-running-financial-services-the-other-with-all-other-investments\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"OIH will split into two companies: One running financial services, the other with all other investments\",\"datePublished\":\"2020-09-08T03:49:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/oih-will-split-into-two-companies-one-running-financial-services-the-other-with-all-other-investments\/\"},\"wordCount\":165,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Contact Financial\",\"demerger\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"Orascom Construction\",\"Orascom Financial Holding\",\"Orascom Investment Holding\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/oih-will-split-into-two-companies-one-running-financial-services-the-other-with-all-other-investments\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/oih-will-split-into-two-companies-one-running-financial-services-the-other-with-all-other-investments\/\",\"name\":\"OIH will split into two companies: One running financial services, the other with all other investments - 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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). 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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":573301,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/oih-eyes-demerger-to-delineate-between-investments-in-financial-services-other-industries\/","url_meta":{"origin":574387,"position":1},"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":560151,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/ofh-shares-hit-the-egx-today\/","url_meta":{"origin":574387,"position":2},"title":"OFH shares hit the EGX today","author":"enterpriseam admin","date":"17 February 2021","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;DEMERGER WATCH&quot;","block_context":{"text":"DEMERGER WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/demerger-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/252.jpg?fit=%2C&ssl=1&resize=350%2C200","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":574387,"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":574387,"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":574553,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/14\/oih-eyeing-investment-partnership-with-the-sovereign-fund-of-egypt\/","url_meta":{"origin":574387,"position":5},"title":"OIH eyeing investment partnership with the Sovereign Fund of Egypt","author":"enterpriseam admin","date":"14 September 2020","format":false,"excerpt":"OIH eyes investment partnership with the Sovereign Fund of Egypt: Orascom Investment Holding \u2014 post-horizontal demerger \u2014 is considering making joint investments with the Sovereign Fund of Egypt (SFE), OIH Chairman Naguib Sawaris told Hapi Journal. Sawiris did not specify which assets in the SFE\u2019s portfolio are of particular interest\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\/158.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574387","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=574387"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574387\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/574374"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=574387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=574387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=574387"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=574387"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=574387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}