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Pin to quick picksOrascom Inv Regulatory News (OIH)

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OIH Press Release

5 Aug 2020 10:19

RNS Number : 2212V
Orascom Investment Holding S.A.E
05 August 2020
 

 

Termination of negotiations between Orascom Investment Holding, Qatari Diar Real Estate Investment Company and Bawabet Al Sharq Misr For Real Estate Development

 

 

Cairo, August 4, 2020, Orascom Investment Holding S.A.E ("Orascom") announced today the termination of negotiations between Orascom, Qatari Diar Real Estate Investment Company Q.P.S.C and Bawabet Al Sharq Misr For Real Estate Development S.A.E.

It is worth noting that the negotiations concerned Orascom's contemplated acquisition of a stake in Bawabet Al Sharq Al Qahira Al Guedida For Real Estate Development S.A.E, the developer of "City Gate" project, but the time frame set by the parties to conclude the negotiations has ended without obtaining the necessary prior approvals to reach a mutually satisfactory agreement.

 

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About Orascom Investment Holding (Orascom Investment)

 

Orascom Investment Holding 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), Orascom Investment holds the legacy of the region's most successful telecoms operator. As the industry matured, Orascom Investment recently adopted a new direction to diversify its portfolio from a solely Telecom and Technology based firm to an Investment Holding company.

Orascom Investment Holding invests in industries that are critical to the future, including energy, financial services, food industries, real estate development, logistics and transport. Orascom Investment Holding 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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Date   Source Headline
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19th Jun 20237:30 amRNSSuspension - Orascom Investment Holding S.A.E.
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1st Jun 20239:45 amRNSOIH BOD Summary
31st May 20239:47 amRNSOIH BOD Summary
16th May 20238:05 amRNSOIH BOD Summaries
16th May 20238:04 amRNSOIH OGM Summaries
9th May 20237:00 amRNSOIH Announces a Partnership with BluEV
2nd May 202312:06 pmRNSIFRS Dec 2020 including audit report
2nd May 20237:00 amRNSOGM Postponement Notice
27th Apr 20239:29 amRNSOIH IFRS December 2020
27th Apr 20239:27 amRNSOIH BOD Summary
12th Apr 20231:07 pmRNSOIH OGM Invitation
4th Apr 20239:44 amRNSOIH BOD Minutes Summaries
5th Dec 20228:20 amRNSOIH's BOD Summary
21st Nov 20224:41 pmRNSSecond Price Monitoring Extn
21st Nov 20224:35 pmRNSPrice Monitoring Extension
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26th Oct 20229:33 amRNSOIH Press Release
26th Oct 20228:58 amRNSOIH Press Release
26th Oct 20228:54 amRNSOIH BOD Summaries
18th Oct 202210:47 amRNSOIH BOD Summaries
16th Jun 20229:15 amRNSOIH Board Meeting Summary
9th May 20229:46 amRNSOIH OGM Summary
31st Mar 20229:45 amRNSOIH OGM Invitation
31st Mar 20229:37 amRNSOIH Board Meeting Summary
25th Feb 20224:41 pmRNSSecond Price Monitoring Extn
25th Feb 20224:36 pmRNSPrice Monitoring Extension
21st Feb 20224:40 pmRNSSecond Price Monitoring Extn
21st Feb 20224:35 pmRNSPrice Monitoring Extension
15th Nov 20218:20 amRNSOIH BOD Minutes Summary
11th Oct 20217:29 amRNSOIH Press Release
13th Sep 20219:34 amRNSOIH BOD Summary
7th Jul 20219:17 amRNSOIH BOD Summary
5th Jul 20219:30 amRNSOIH's OGM Summary
16th Jun 202110:06 amRNSOIH Press Release
1st Jun 202110:12 amRNSOIH's OGM Invitation
1st Jun 20217:00 amRNSOIH BOD Summary
28th Apr 20219:32 amRNSOIH BOD Summary
16th Feb 202112:23 pmRNSOIH's Announcement
11th Feb 20217:30 amRNSSuspension Orascom Investment Holding S.A.E
5th Feb 20215:26 pmRNSSuspension of Trading Notice
4th Jan 20214:41 pmRNSSecond Price Monitoring Extn
4th Jan 20214:36 pmRNSPrice Monitoring Extension

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