Egypt's OIH mulls investment options after de-merger

The company studies listing one financial company only on the EGX

  
A trader works at the Egyptian stock exchange in Cairo, Egypt.

A trader works at the Egyptian stock exchange in Cairo, Egypt.

REUTERS/Mohamed Abd El Ghany

Cairo –  Orascom Investment Holding (OIH) said that the demerged and demerging companies are considering all available investment options.

The options include investing in the United Bank, making Ora Developers under the umbrella of OIH, and investing in the multi-modal transport project offered by the Ministry of Public Enterprise Sector and the Ministry of Transport, according to a bourse disclosure on Sunday.

The company also studies listing one financial company only on the Egyptian Exchange (EGX) after the completion of the demerger.

During the first six months of 2020, OIH achieved net profits of EGP 1.714 million, against net losses of EGP 153.46 million in the corresponding period in 2019, including minority shareholders’ rights.

Source: Mubasher

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