Orascom Investment Holding Turns to Losses in 9M

Orascom Investment Holding (OIH) turned to losses to incur EGP 92.4 mn in the first nine months of 2019, despite posting profits of EGP 1.07 bn during the same period, including minority rights.

Sawiris Named Orascom Investment Holding’s New CEO

Orascom Investment Holding (OIH) Executive Chairman Naguib Sawiris will succeed Tamer El Mahdi as the company's new CEO, after the latter submitted his resignation, effective December 31, while also maintaining hi ...

Orascom Investment, Qatari Diar Eye Potential Partnership

Egypt's Orascom Investment Holding (OIH) is in talks with Qatari Diar Real Estate Investment Company for a potential deal, after conducting several feasibility studies of different investment opportunities at the ...

Orascom Investment Sees Higher Losses in H1

Egypt-based Orascom Investment Holding (OIH) incurred higher net losses of EGP 153.3 mn in the first half of 2019, compared to EGP 141.2 mn recorded during the prior-year period.

Pyramids Renovation Project to Open in Q1 2020

Egypt is due to open its USD 500 mn Pyramids Renovation Project in Q1 2020, which will be managed and operated by Orascom Investment Holding (OIH), providing first-class facilities and recreational services on-sit ...

Sawiris Plans for USD 2 bn Tourism Projects in North Coast

Egyptian tycoon Naguib Sawiris has revealed his intentions to pump investments estimated at USD 2 bn into the Egyptian tourism sector, namely in the North coast, to join the host of tourism projects being implemen ...

OIH’s Subsidiary to Continue Operating in North Korea

Orascom Investment Holding (OIH) has sought an exemption from the Security Council to operate its subsidiary Koryolink venture in North Korea, which excludes it from a ban on foreign investment in the country.

OIH Completes 30% Acquisition of Sarwa Capital

Egypt-based Orascom Investment Holding (OIH) has announced acquiring 30% (or about 216 mn shares) of structured- and consumer-finance player Sarwa Capital

Orascom to Provide Tourist Facilities at Giza Pyramids

The Supreme Council of Antiquities (SCA) has signed a contract with Orascom Investment Holding on December 13 to provide and operate high-quality services and facilities at the area surrounding the Pyramids of Giz ...

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