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How will Orascom Investment Holding look like after it splits in two?
aya salah Published in Amwal Al Ghad on 08 - 09 - 2020

Orascom Investment Holding's (OIH) is now officially split into two companies after its plan to implement a "horizontal demerger" has been approved by The Financial Regulatory Authority (FRA).
Orascom Investment Holding's (OIH) is now officially split into two companies after its plan to implement a "horizontal demerger" has been approved by The Financial Regulatory Authority (FRA).
The two companies are OIH and Orascom Financial Holding (OFH).
The move aims to clearly distinguish between the company's operations in the financial services industry, which will be handled by OFH, and other sectors, managed by OIH.
OIH will be with an authorised capital of 2.5 billion Egyptian pounds and paid up capital of 557 million pounds , while OFH will be dedicated for non banking financial services with an authorised capital of 16 billion pounds and paid up capital of 1.63 billion pounds.
OIH will remain listed on the EGX and will retain all of its investments in its nine subsidiaries and sister companies apart from those in financial services, which will be transferred to OFH.
On the other hand, OFH will have stakes in Beltone Financial, Sarwa Capital, and "the current account due to Orascom Investment Holding from Victoire Investment.

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