Latest in Tag: OCI Highlight
Latest in Tag: OCI
Orascom Construction files request to tax arbitration committee over cement sector deal
Judicial procedures suspended until arbitration completed, sources say
Consent solicitation, exchange offer for Iowa Fertilizer Company bonds successfully completed: OCI
Orascom Constructions Industries (OCI) and Iowa Fertilizer Company announced in a statement released on Monday the successful completion of its previously announced consent solicitation and exchange offer on the Midwestern Disaster Area Revenue Bonds and the Series 2013 Bonds. According to the statement, the exchange offer involves the tender of $147m in aggregate principal amounts …
Combination agreement between CF Industries and OCI amended
The proposed combination remains subject to approval by the shareholders of CF and OCI
OCI reports 51% backlog growth to $7.2bn
Orascom Construction Industries (OCI) reported a 51% backlog growth to $7.2bn, and its earnings before interest, taxes, depreciation, and amortisation (EBITDA) amounted to $64m in quarter two (Q2) of 2015
Lower production in Egypt pushes OCI NV’s total production down
Company says gas shortages have resulted in significant decline
OCI begins trading shares on NASDAQ Dubai
OCI expects to begin trading shares on the Egyptian Exchange (EGX) between 10 and 11 March
OCI targets financial reconstruction via 10% increase in capital in EGX: MD
Construction works for El-Hamrawein power plant to be implemented in Q1 of 2016, participation in tunnels of New Suez Canal, says Bishai
OCI MENA BV buys stake in OCI SAE worth 12.5bn
The purchased stake account for 23.425% of company’s total shares, total number of shares bought by OCI MENA is 48.94m
Final ruling for the OCI postponed to 4 November
Government seeking to settle tax dispute worth an estimated EGP 7bn
Orascom Development Holding registers first profit since 2010
The Swiss hotel operator is expecting an improvement in the hotel performance during the second half of 2014
Finance ministry mulls formation of ETA-Orascom committee: Former Head ETA
Company was acquitted by the prosecutor general on the tax evasion case, invalidating the prison sentence on Nassef Sawiris
Nassef Sawiris imprisonment verdict suspended
Company says lawsuit was filed by the ETA prior to the prosecutor general’s decision to acquit the company
Orascom Construction suspends tax payment to Egypt
Reuters – Orascom Construction Industries has suspended payment of a 31 December instalment of an EGP 7.1bn ($1.02bn) tax settlement with Egypt’s government, its Amsterdam-listed parent company OCI NV said on Wednesday. The settlement was agreed last April, when Islamist President Mohamed Morsi was still in office, and related to claims the company had failed …
Sawiris to invest $1bn in Egypt
Construction sector tycoon says his main investments will target construction, real estate, agriculture and microfinance
Delisting of six stocks from EGX30 will not affect market: Bourse head
Atef El-Sherif said delisting is a normal measure that occurs every six months
OCI N.V. proceeds with the purchase of Orascom Construction Industries
Dutch fertiliser giant to buy remaining 30% of Egypt shares
OCINV lowers OCI bid price to EGP 255
Signs extensions to equity commitments made by participating US investors comprising Bill Gates’ Cascade Investment
EFG Hermes devalues OCI shares from $45 to $35
Downgrade result of decrease in company revenues and increase in prices acerbated by unstable gas supplies
Egypt ‘too big to fail’: Director of Actis in Egypt
Actis is an emerging markets investor with US$5.2 billion funds under management. Through the expertise of over 120 investment professionals on the ground in twelve countries, Actis identifies investment opportunities in three areas: private equity, infrastructure and real estate. Daily News spoke to Actis’s Director in Egypt about the current business environment in Egypt, the challenges as well as the solutions to reposition Egypt as an attractive investment destination.
Hegazy: IMF delegation set to visit Egypt this week
Delegation seeking to draft quasi-final version of $4.8bn loan agreement between International Monetary Fund and Egypt
Ministry of Finance promotes PPP agreements
Hannoura: The Government currently has between eight to ten public private partnerships under study for tender in 2013
Minister of investment ready to intervene in Orascom tax dispute
Ossama Saleh said he hopes Nassef Sawiris’ ‘patriotic spirit’ would hold him back from seeking international arbitration
OCI case pulls EGX down
Another meeting between OCI and the Egyptian Tax Authority scheduled for Sunday
OCI will discuss tax allegations with ETA on 10 March
Workers from all Orascom companies blocked the Corniche road Wednesday in protest over the travel bans imposed on Onsi and Nassef Sawiris
OCI denies Sawiris brothers travel ban
The EGX30 plunged more than 126 points as news of the ban circulated
Government tries to persuade OCI not to delist from EGX
In the extraordinary general meeting (EGM) held mid-February, OCI shareholders approved the purchase offer made by Dutch unit OCI NV in January.
Electricity and energy ministry to hold bid for BOO power station in Dairut
Minister of electricity and energy: Dairut factory will be the first of its kind in Egypt to operate on a BOO scheme
OCI NV to comply with EFSA request
OCI will host another extraordinary general meeting to discuss additional disclosures related to the transaction
OCI NV offer accepted
Abraaj Group and the Sawiris family did not vote
Tunisia president scraps trip after opposition leader murder
Trip was to participate in the Organisation of Islamic Cooperation summit in Cairo