Last checked at 7 Aug 2018 14:11
Change of Name and Registered Address
Cairo, August 7th, 2018: Orascom Telecom Media and Technology Holding S.A.E. (LSE: OTMT) (the "Company") announces that the Company has changed its name to Orascom Investment Holding S.A.E. and has changed its registered address to 29th Floor, 2005A Nile City Towers, South Tower, Corniche El Nile, Ramlet Beaulak, 11221, Cairo Egypt (the "Amendments").
The Amendments were approved at an extraordinary general shareholders' meeting of the Company on 5 June 2018, and came into effect on 9 July 2018, upon registration of the Amendments with the relevant Egyptian authorities. The change of the Company's legal name forms part of the Company's strategy to diversify its portfolio and become a general investment holding business rather than a telecom and technology focused business.
An approved English translation of the amendment of the Company's articles of association and an extract from the Egyptian commercial register reflecting the Amendments have been submitted to the National Storage Mechanism.
The change of name does not affect in any way the Company's existing rights and obligations towards the Company's shareholders or third parties.
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About Orascom Investment Holding ("OIH")
OIH has been operating as a holding company with investments mainly in the telecom, media & technology and cable businesses since its establishment in 2011. Born out of the split of assets between OTMTI and VEON (formerly known as Vimpelcom), OIH holds the legacy of the region's most successful telecoms operator. As the industry matured, OIH recently adopted a new direction to diversify its portfolio from a solely Telecom and Technology based firm to an Investment Holding company.
OIH invests in industries that are critical to the future, including energy, financial services, agriculture, real estate development, logistics and transport. OIH is currently exploring opportunities across Egypt, Africa and the Middle East. Wherever we invest, we will always aspire to transform lives to make a lasting contribution to sustainable economic development.
For More Information:
Investor Relations
2005A Nile City Towers - South Tower, 29th Floor - Corniche El Nile,
Ramlet Beaulac, Cairo, Egypt
E-mail: otmtinvestorrelations@otmt.com