Amsterdam-listed OCI NV , the Egyptian construction, chemicals and fertiliser company, has announced a fall in orders at its building business ahead of plans to list it as a separate company.
The company also said it had taken pro
Amsterdam-listed OCI said on Thursday it planned to spin off its construction and engineering business and list it on stock markets in Egypt and the UAE in the first quarter of 2015.
The new company is expected to be named Orascom
Orascom Construction (OCI) , Egypt's biggest listed company, reported a 28 percent drop in net income for the second quarter, pulled lower by start-up costs at new fertiliser factories, as it prepares to split the two busin
Egypt's Orascom Construction Industries will build a $1.4 billion fertiliser plant in Iowa and is buying a US construction firm, as it targets growth outside its main Middle East markets, the company said.
Egypt's Orascom Construction (OCI) reported a 54 percent fall in first-quarter net income on Monday, on lower operating margins and after the group took the investment income from its Gavilon Group off its earnings books.
Net profit fell t
Egypt's Orascom Construction Industries (OCI) has secured a $100 million loan from the World Bank's investment arm to help it expand across the region and rebuild confidence in the country's private sector.
Egypt is struggling
Egypt's Orascom Construction Industries (OCI) said on Tuesday it had agreed to sell its 16.8 per cent stake in US grains merchant Gavilon to Japanese trading house Marubeni for $605 million.
'The transaction is expected to close by
Egypt's Orascom Construction (OCI) said on Monday its net profit for the third quarter of 2011 rose 24 percent to $182.9 million, in line with the consensus forecast of analysts.
Consolidated revenue grew 8.9 percent to $1.36 billion, whil
A unit of Egypt's Orascom Construction won the main 416 million euro ($578 million) construction contract to build a mall in the capital of the United Arab Emirates, the firm said on Sunday.
The contract for Yas Mall, a retail developm