{"id":575638,"date":"2020-10-21T04:02:32","date_gmt":"2020-10-21T04:02:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/21\/oih-shareholders-approve-demerger-move-to-list-ofh-on-egypts-bourse\/"},"modified":"2020-10-21T04:02:32","modified_gmt":"2020-10-21T04:02:32","slug":"oih-shareholders-approve-demerger-move-to-list-ofh-on-egypts-bourse","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/21\/oih-shareholders-approve-demerger-move-to-list-ofh-on-egypts-bourse\/","title":{"rendered":"OIH shareholders approve demerger, move to list OFH on Egypt\u2019s bourse"},"content":{"rendered":"<p><strong>DEMERGER WATCH- Look for Orascom Investment Holding\u2019s focus on financial services to be clearer <\/strong>now that shareholders have approved the company\u2019s horizontal demerger. 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 <a href=\"https:\/\/ent.news\/2020\/10\/%D8%A7%D9%88%D8%B1%D8%A7%D8%B3%D9%83%D9%88%D9%85-%D8%AC%D9%85%D8%B9%D9%8A%D8%A9-20-10-2020.pdf\">EGX filing (pdf)<\/a>. OIH will be relisted on the EGX after its issued capital is reduced, and the chairman will apply to list OFH on the EGX, the company said.<\/p>\n<p><strong>Who gets what? <\/strong>Nine companies will remain under OIH, while OFH will take over OIH\u2019s holdings in Beltone Financial (74.5%) and Sarwa Capital (28.8%). OIH\u2019s subsidiaries include Orascom Telecom Ventures, O Capital, and Orascom Pyramids, along with its sister Cheo Joint Venture Technology company. Both OIH and OFH will continue to be owned by the same shareholders who will hold the same pre-demerger stakes.<\/p>\n<p><strong>Why the demerger? <\/strong>The split, which received <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5866b348-c241-4ce3-80e1-9a0483822dd9\">regulatory approval<\/a> last month, is designed to improve the performance and financial positions of both companies, OIH said yesterday. The demerger will allow OIH to more clearly distinguish between the company\u2019s investment activities and its operations in the financial services industry to allow investors to make more targeted investment decisions, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7b31a803-3d77-4a46-a78b-2fe80b8bcf8c\">it said in July<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DEMERGER WATCH- Look for Orascom Investment Holding\u2019s focus on financial services to be clearer now that shareholders have approved the company\u2019s horizontal demerger. 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 (pdf). OIH will be relisted [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":575639,"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":[3317,72,503,125,363,553,618,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-demerger","tag-enterpriseam","tag-financial-services","tag-investment-watch","tag-orascom-construction","tag-orascom-financial-holding","tag-orascom-investment-holding","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2469cdec-9e26-4c3d-b311-03eca1646756","is_powered_by":true,"section_story_id":"0a0c6f0c-5606-4356-bddb-7fd353cac8d2","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/10\/222.jpg","photo_position":"above","related_issue":[575625],"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 shareholders approve demerger, move to list OFH on Egypt\u2019s bourse - 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\/10\/21\/oih-shareholders-approve-demerger-move-to-list-ofh-on-egypts-bourse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OIH shareholders approve demerger, move to list OFH on Egypt\u2019s bourse\" \/>\n<meta property=\"og:description\" content=\"DEMERGER WATCH- Look for Orascom Investment Holding\u2019s focus on financial services to be clearer now that shareholders have approved the company\u2019s horizontal demerger. 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 (pdf). OIH will be relisted [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/21\/oih-shareholders-approve-demerger-move-to-list-ofh-on-egypts-bourse\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-21T04:02:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/222.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\/2020\/10\/21\/oih-shareholders-approve-demerger-move-to-list-ofh-on-egypts-bourse\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/21\/oih-shareholders-approve-demerger-move-to-list-ofh-on-egypts-bourse\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"OIH shareholders approve demerger, move to list OFH on Egypt\u2019s bourse\",\"datePublished\":\"2020-10-21T04:02:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/21\/oih-shareholders-approve-demerger-move-to-list-ofh-on-egypts-bourse\/\"},\"wordCount\":218,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/21\/oih-shareholders-approve-demerger-move-to-list-ofh-on-egypts-bourse\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/222.jpg?fit=%2C&ssl=1\",\"keywords\":[\"demerger\",\"EnterpriseAM\",\"financial services\",\"investment watch\",\"Orascom Construction\",\"Orascom Financial Holding\",\"Orascom Investment Holding\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/21\/oih-shareholders-approve-demerger-move-to-list-ofh-on-egypts-bourse\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/21\/oih-shareholders-approve-demerger-move-to-list-ofh-on-egypts-bourse\/\",\"name\":\"OIH shareholders approve demerger, move to list OFH on Egypt\u2019s bourse - 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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":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":575638,"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":575638,"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":574873,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/orascom-financial-holding-strategy-to-arrive-by-years-end-sawiris\/","url_meta":{"origin":575638,"position":3},"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":559885,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/beltone-sarwa-will-soon-have-a-new-corporate-parent\/","url_meta":{"origin":575638,"position":4},"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":559973,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/new-ofh-management-structure-sena-erten-tapped-as-ericsson-mea-vp\/","url_meta":{"origin":575638,"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\/575638","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=575638"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575638\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/575625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/575639"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=575638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=575638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=575638"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=575638"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=575638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}