Friday 28 November 2014
 
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Orascom Construction Industries

Orascom Construction eyes IPO in 2015

Orascom Construction Industries is studying the possibility of launching an initial public offering (IPO) during the first half of 2015, said a report. The Egyptian group has not yet decided the country in which it will issue its

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Egypt nears Orascom deal on tax dispute

The Egyptian government is close to a deal with Orascom Construction Industries (OCI) over a tax dispute, the finance minister was quoted by local media as saying on Sunday. Al-Mursi Al-Sayed Hegazy said so far the agreement was f

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Egypt bars OCI chief from leaving country

Egyptian authorities have barred the chief executive of Orascom Construction Industries, one of the country's biggest companies, from leaving the country as part of an investigation into tax evasion, state media said on Sunday.

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OCI plants hit by poor gas supply

Egyptian group Orascom Construction Industries has stopped two fertiliser production lines at its Egyptian Fertiliser Co subsidiary because of gas supply problems. Production should be restored to previous levels within seven days

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Egypt bourse cancels OCI shares trading

Egypt's stock exchange suspended trading in Orascom Construction Industries (OCI) shares on Tuesday and cancelled the day's trades in the stock after the company announced plans for an early bond repayment. Orascom said in a statem

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Orascom secures $1.9bn in credit facilities

Egypt's Orascom Construction Industries (OCI) , the country's biggest listed company, said on Tuesday its fertiliser subsidiaries had signed credit facilities worth $1.9 billion with international and local banks. The group plans t

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Egypt's OCI plans buyback of 440,000 shares

Orascom Construction Industries (OCI), Egypt's biggest listed firm, said on Thursday it planned to buy back 440,000 treasury shares on the bourse, or their equivalent in global depository receipts (GDRs). In a statement to the Cairo st

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OCI forms JV for nuke power projects

Orascom Construction Industries, Egypt's biggest listed builder, said on Sunday it had formed a joint venture with state-owned Arab Contractors to bid on nuclear power projects in the Middle East. Orascom said in a statement that the j

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Orascom in $212m loan deal to buy DSM assets

Orascom Construction Industries (OCI), Egypt's biggest listed builder, has secured a loan worth over 175 million euros ($212.6 million) to part finance the buying of assets from Dutch chemicals group DSM, a newspaper said on Wednesday.

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OCI to raise $307m via bond issue

The board of Egypt's Orascom Construction Industries (OCI) approved the issuance of 5-year bonds worth EGP1.7 billion ($307 million) to fund acquisitions, the firm said on Wednesday. The firm, in a statement published by the stock exch

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