His most valuable asset is a nearly 6% stake in sportswear maker Adidas. "I'm very excited to be here in Dubai. Each of our construction brands has developed stringent rules and regulations that are implemented and enforced on all projects and tailored to meet the unique environments of the locations in which they operate. Orascom Construction serves customers internationally. Please view the attachment for the detailed voting results. The Company is primarily focused on infrastructure, industrial and high-end commercial projects in the United States, the Middle East, Africa and Central Asia for public and private clients. In Q4 2020, Orascom won an $800m contract to build the metro's Line 4 (Photograph by Jim Joel/ CC BY-SA 4.0 )Â. OCI N.V. And ADNOC Close Strategic Partnership Agreement, Establishing Fertiglobe, A New Global Nitrogen Fertilizer Leader. Orascom Construction, the Egypt-based construction giant, has said that its consolidated EBITDA increased by 26.8% in the first six months (H1) of the year to $142.4 million. Found inside – Page 798... Dispute Settlement Clauses The tribunal in Beijing Urban Construction v. ... were brought by an indirect shareholder while a direct shareholder of the ... Orascom Development Holding AG engages in the provision of real estate, tourism, hotel, construction, resort management and real estate financing services. Found inside – Page 134Oriental Petrochemicals Company ( OPC ) , which is a shareholder in EPPC ... a joint venture between Orascom Construction Industries ( OCI ) , the Egyptian ... The shareholders authorised the board of directors to determine the record and distribution dates for the cash … Found inside – Page 49An Orascom Hotel Holding bond has lain dormant since its issue in October 2002 ... Major shareholders cover 85 % of the company's E £ lbn in capital ... Orascom Construction PLC Shareholders. Orascom Construction Industries SAE (OCI) is an Egypt-based joint stock company that engaged in the construction and fertilizer industries. Found inside – Page 19... to acquire stake in Societe Belge des Betons Orascom Construction Industries ( OCI ) ... The purchase will give OCI majority shareholder control of SBB . The Company operates under the following brands: Orascom, Contrack and The Weitz Company. He joined Orascom Construction (OC), where he serves today as CEO, in 1985 and became managing director of the group's construction line of business in 1998. ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A. Chief Executive Officer & Executive Director, Absa Asset Management Pty Ltd. (Investment Management). Source: Reuters Nassef Sawiris Orascom construction Real Estate OCI N.V. Reports Orascom Construction Industries S.A.E. OC was listed on the NASDAQ Dubai as an independent company on 9 March 2015. Orascom Construction Plc operates as a holding company, which engages in the construction and development of infrastructure, industrial, and commercial projects. Glossary of Terms 5.1 Group Structure and Significant Shareholders 5.2 Capital Structure 705.3 Board of Directors 5.4 Executive Management 775.5 Employees 785.6 Compensation, shareholdings, and loans 795.7 Shareholders' Participation Notes to editors As a result of the transaction, I will become majority shareholder with a 51% share by converting my loans to Orascom Development into ASA equity, and will act as new Executive Chairman of ASA. Our strategy is guided by four key pillars. Found insideEquity spinoff The entireownership of a subsidiary is divested as a dividend to existing shareholders. Divestment in practice – ORASCOM Orascom Construction ... Payment will take place on August 10th 2021, the statement highlighted. We operate in MENA and the USA through its two operational subsidiaries – Contrack Watts and The Weitz Company, along with a 50% stake in the Belgium based BESIX Group. Found inside – Page 522... 17 companies from eight countries were among the shareholders of Dii: ABB, ... was undertaken in cooperation with Egyptian construction firm Orascom. Found inside – Page 67AS ELSEWHERE IN THE REGION, INVESTMENT IN CONSTRUCTION IS RISING FOUR MAJOR ... park west of Cairo in which SODIC is only one of half a dozen shareholders. Nassef Sawiris, a shareholder in Orascom Cement's parent company, Orascom Construction Industries (OCI), will take an 11.4 percent stake in Lafarge and a seat on its board. The total value of new awards in the first half of the year reached $1.8bln. Please view the attachment for the detailed voting results. Found inside – Page 22Egypt Kvaerner wins pipeline contract The Engineering and Construction sector ... Edison International SPA , Orascom Construction Industries SAE and Middle ... 28 September, 2016. The Company is involved in contracting, manufacturing . The number of employee shareholders continued to grow to more than 300 in the mid-2000s. Found inside – Page 17682The service has signed an exclusive deal Orascom Cement's strong financial ... will be unable to show as construction and fertilisers . racing from Turf TV ... The Group owns 50% of BESIX Group, develops and invests in infrastructure opportunities, and holds a . Mr. Heikal holds a Master's degree and a PhD in Industrial Engineering and Engineering Management from Stanford University. A total of 168,523,196 Orascom Construction Industries S.A.E. To fill this growing need, Orascom
We have secured a number of multi-year O&M contracts for projects on which the Group is also the contractor. Found inside – Page 250He then started his professional career as the Vice President of Orascom Construction Industries ( OCI ) . In 1976 , he founded an Industrial Construction ... The reserved capital increase approved at the Lafarge shareholders' meeting on January 18 will be carried out by the end of the first quarter 2008. Orascom Construction PLC is a leading global engineering and construction contractor with a footprint covering the Middle East, Africa and the United States and operations encompassing the infrastructure, industrial and commercial sectors. El Gouna has a multinational community that continues to grow, the town covers 10 km of pristine shoreline on the beautiful Red Sea coast with a total land area of 36.92 million sqm, of which 15 million sqm has so . The Company focuses on infrastructure, industrial, commercial projects, leisure centers, hotels, resorts, and . Nassef Sawiris, who, jointly with the rest of the Sawiris family, owns 60% in Orascom Construction Industries, Orascom Cement's parent company with a market capitalization of €13.6 billion, will reinvest most of the proceeds of Orascom Cement's disposal in Lafarge and become a 11.4% shareholder of the Group. It operates through the following segments: MENA, United States of America, and Besix. At the Meeting, Lafarge shareholders voted by a 99% majority in favour of a capital increase of 22.5 million shares reserved for the founding shareholders of Orascom Construction Industries, at a subscription price of 125 euros per share, which represents a 16% premium compared to the last share price preceding the announcement of the operation . All rights reserved © Orascom Construction PLC 2021. Found inside – Page 39... the majority shareholder of Orascom Telecom, which has mobile telecoms holdings in Europe, Africa and Asia; Orascom Construction Industries, ... Found inside – Page 401... liabilities & shareholders ' equity 12,750,238.000 8,111,499,000 DAs reported from the 2004 Annual Report ties . ORASCOM CONSTRUCTION INDUSTRIES COMPANY ... This list includes all major shareholders with ownership above 5%. The demerger resulted in a USD 1.4bn reduction in OCI N.V.`s share capital whereby each shareholder for OCI N.V received one share in Orascom Construction for each two held in OCI N.V as of a record date of 6 March 2015. Found inside – Page 45Principal Shareholders : Mohamed Akef Amin El - Maghrabi ( 89.6 % ) BOR MAMOU ... www.orascom.com PRINCIPAL ACTMTIES : Group operating in construction ... Found inside – Page 53... stock in the index ( % ) * Orascom Telecom Holding 20.83 Orascom Construction ... Nassef and Samih – even if large , independent shareholders , such as ... Through the Group's main subsidiaries and 50%
Orascom Construction serves customers internationally. Orascom Construction PLC operates as an engineering and construction contractor in the Middle East, North Africa, the United States, and the Pacific Rim for public and private clients. Copyright � 2021 Surperformance. Orascom Construction's revenue increased 4.1% year-on-year to $1.68bn in H1 2021. Oct 3 (Reuters) - Orascom Construction Ltd. * Egypt's orascom construction says share buyback offer to shareholders on Egyptian market begins today, ends Oct 10. fertilizers and ports to create new construction opportunities and long-term shareholder returns . Address . Parallel to the instant arbitration, Orascom Telecom Algérie's Egyptian direct shareholder, Orascom Telecom Holding SAE, had launched a $16 billion arbitration of its own against Algeria under . Orascom Development Holding AG 8. He has led growth over the years in the company's cement, infrastructure and industrial businesses and led the development of OC's investments […] Orascom Construction Limited held an Extraordinary General Meeting in Dubai, UAE on 9 May 2018. El Gouna is Orascom Development's flagship town. And investment companies complement the Group's core activities including manufacturers of fabricated steel products, glass curtain walling, paints and concrete pipes as well as an industrial free zone and two facility management companies. Orascom Construction Plc operates as a holding company, which engages in the construction and development of infrastructure, industrial, and commercial projects. Further reading: Found inside – Page 84PORTUGAL ON CREDITWATCH : NEGATIVE groups — and Egyptian Cement Company ( ECC , whose main shareholders are Orascom Construction Industries and Holderbank ) ... Current O&M contracts span several sectors such water treatment, wastewater treatment, water desalination and transportation. Concentrating on infrastructure projects worldwide and a driving force behind the development of Egypt’s new cities and mega national projects. Aimed at delivering top and bottom line shareholder value led by a commitment to excellence, safety and the environment. The Company operates under the following brands: Orascom, Contrack and The Weitz Company. Glossary of Terms 5.1 Group Structure and Significant Shareholders 5.2 Capital Structure 705.3 Board of Directors 5.4 Executive Management 775.5 Employees 785.6 Compensation, shareholdings, and loans 795.7 Shareholders' Participation Orascom Construction PLC Proposes Dividend. The Board of Directors of Orascom Construction PLC proposed a dividend to shareholders of USD 0.2313 per share marking the fourth consecutive year of dividend distributions and the first of two expected installments. 31/03/2021. BESIX Group is a construction group based in Brussels, one of the world's leading international contractors according to the ENR ranking. We recognized a gap in the Egyptian market for a high-quality facility management company. fertilizers and ports to create new construction opportunities and long-term shareholder returns. Orascom Construction will continue to focus on delivering exceptional value to its shareholders as it has always done in the past. The new projects won in this quarter were led mainly by a pick-up in the U.S., especially in the data center sector, and included work across the water and industrial . 19 May 01:20 PM Orascom Construction's shareholders approve dividends for 2020. The demerger is expected to take place on March 7, 2015 through a $1.4 billion reduction in OCI NV's share capital whereby its shareholders will receive one Orascom Construction share for every . Aug 29 (Reuters) - ORASCOM CONSTRUCTION PLC <OC.DI>::Q2 NET INCOME ATTRIBUTABLE TO SHAREHOLDERS $23.8 MILLION VERSUS $9.8 MILLION YEAR AGO.Q2 REVENUE $868.3 MILLION VERSUS $791.2 MILLION YEAR AGO . Found inside – Page 30... 000s Assets US $ 000s Shareholders Equity ROE 2003 US $ 000s Dividend Yield I ... 37 QATAR Qatar Shipping 38 EGYPT Orascom Construction Industries ( OCI ) ... We believe that our dual listing on NASDAQ Dubai and the Egyptian Exchange will provide our current and future shareholders with accessibility to our stock." BlackRock Investment Management (UK) Ltd. The Company is primarily focused on infrastructure, industrial and high-end commercial projects in the United States, the Middle East, Africa and Central Asia for public and private clients. . Orascom Construction PLC, formerly Orascom Construction Ltd, is a United Arab Emirates-based engineering and construction contractor. stake in the BESIX Group. ArabFinance: Orascom Construction PLC announces that the record date for the dividend distribution of $0.2313 (EGP 3.63) per share to shareholders is set for August 2 nd, according to the company's statement filed to the Egyptian Exchange. The Company focuses on infrastructure, industrial, commercial projects, leisure centers, hotels, resorts, and residential complexes. Shareholders Approve EGX Share Buyback at EGM. Found inside – Page 20... and 30 companies sold to employees ' shareholder associations ( ESAs ) . ... Portuguese joint venture of Orascom Construction Industries and Cimpor . Construction machines are seen at the site of the futuristic, iconic tower skyscraper, in the business district, which is being built by China State Construction Engineering . We believe that our dual listing on NASDAQ Dubai and the Egyptian Exchange will provide our current and future shareholders with accessibility to our stock." End-of-day quote Egyptian Exchange - 09/23, Orascom Construction Consortium Signs USD 4.5 Billion Contract for Egypts First High-Speed Rail System, Orascom Construction plc Reports Earnings Results for the Second Quarter Ended June 30, 2021, CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED, POWER CONSTRUCTION CORPORATION OF CHINA, LTD, CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED, CHINA RAILWAY CONSTRUCTION CORPORATION LIMITED. Found inside... was NGN 582.4 million with shareholders ' funds of Ports Authority . ... Orascom Construction Industries ( Egypt ) to manufacture pacity in excess of ... In December 2014, ODHN AG, the major shareholder of Orascom Hotels and Development (OHD), announced it would offer 10%-15% of its stocks in OHD through a private and public placement in the . The net income attributable to shareholders stood at $23.8m in Q2 2021 and $47.7m in H1 2021. He also raised three rounds of finance for regional mobile telecommunications operator Orascom Telecom and led the IPOs of Orascom Construction Industries and Orascom Hotels, among other landmark transactions. Found inside – Page 4... was against the interests of the firm's shareholders. Oger is a subsidiary of Saudi Arabia-based construction firm Saudi Oger Ltd. On January 22, ... Lafarge <LAFP.PA> shareholders on Friday approved a resolution allowing the French cement group to proceed to a capital increase as part of its agreed 8.8 billion euro ($12.9 billion) acquisition . Orascom Construction PLC, formerly Orascom Construction Ltd, is a United Arab Emirates-based engineering and construction contractor. Shareholders of Orascom Construction PLC passed all resolutions at the Annual General Meeting (AGM) held electronically via mobile and web application (the Virtual AGM Facility) on 19 May 2021. Found inside – Page 52Bahrain Building the Future Orascom Construction Industries is a leading cement ... 0.180 0.180 0.180 0.8 Mta one plant the principal minority shareholder . May 03, 2021. . The demerged construction group known as Orascom Construction got dually listed on NASDAQ Dubai and the Egyptian Exchange. Demerged the construction business to form Orascom Construction (OC) through a repayment of capital to shareholders. Shareholders in OCI NV will receive one Orascom Construction share for every two OCI NV shares they own at the close of trading on March 6, the company said in a statement. Found inside – Page 134... of Orascom Construction Industries ( OCI ) Cement Group in January 2008. ... new combined company and EAgrium shareholders became MOPCO shareholders . Orascom Investment HoldingShareholders Structure Reports. Over the whole of 2020, it won contracts worth $2.9bn. So far this year, there has been a E£506m ($59m) follow-on offer in Cairo for Orascom Hotels . Tracing its roots back to Orascom Telecom Holding, established in 1997, and then Orascom Telecom Media and Technologies, born in 2011, until the recent rebranding into Orascom Investment Holding and the shift to diversify its investments into other high-growth sectors. Focused on the development of our renewable products by doubling methanol production capacity in Europe and diesel exhaust fluid (DEF) production . The Company’s projects cover civil buildings, heavy industries, manufacturing, petrochemicals, federal infrastructure, power generation, social infrastructure, transport, water and wastewater, design build, as well as operations and maintenance. The name of the town derives from the ancient Egyptian words for 'protected'. Latest financial statements (balance sheet, income statement & cash flow) for Orascom Construction PLC (OC) Mubasher Info 2015. Found inside – Page 417Orascom: Egyptian-owned holding company, owner of Orascom Construction ... after settling a legal dispute with its local shareholder, Drex Technologies. Found inside... value to its shareholders . ' a Orascom Construction Industries ( OCI ) is cement producer and construction contractor active in emerging markets . Image used for illustrative purpose. Found inside – Page 320Orascom. Cement23. On 10 December 2007, Bruno Lafont, chief executive of ... an 11.4% share of Lafarge, making him Lafarge's second largest shareholder. Inspiring, developing and leading towards excellence. Found inside – Page 72As Onsi Sawiris himselfis a significant shareholder, it could be said that a majority of the board represent the shareholders. Orascom Construction has a ... Found inside – Page 6The supervisory board of the new company consists of six shareholder representatives ... Orascom Construction on the other hand says that the deal lets it ... The Company focuses on infrastructure, industrial, commercial projects, leisure centers, hotels, resorts, and residential complexes. We are responsible for the safety of our employees and are fully committed to providing a safe and unpolluted working environment that meets the most stringent international benchmarks. Found insideNāṣif Sawiris, the CEO of Orascom for construction, Egypt's biggest nonfinancial ... in the weeks that followed the sentencing, shareholders, contractors, ... construction invested in Contrack FM and Suez Industrial Development Company (SIDC). A total of 168,523,196 Orascom Construction Industries S.A.E. shares were represented at the Extraordinary General Meeting (EGM) representing 81.44% of total shares outstanding. The Company is primarily focused on infrastructure, industrial and high-end commercial projects in the United States, the Middle East, Africa and Central Asia for public and private clients. A total of 168,523,196 Orascom Construction Industries S.A.E. shares were represented at the Extraordinary General Meeting (EGM) representing 81.44% of total shares outstanding. In December 2012, Weitz was purchased by global engineering and construction contractor Orascom Construction PLC, positioning the company . BlackRock Investment Management (UK) Ltd. It primarily focuses on infrastructure, industrial, and high-end commercial projects. . Orascom Construction PLC is a leading global engineering and construction contractor with a footprint covering the Middle East, Africa and the United States and operations encompassing the infrastructure, industrial and commercial sectors. BOD and Shareholders Structure report for Q2 2021. Aimed at delivering top and bottom line shareholder value . Your attention is particularly drawn to the risk factors set out in Part 2 (''Risk Factors'') of this Prospectus. Address . In December 2020, he acquired a 5% stake in New . Found inside – Page 173... but actually owned and managed by local shareholders. The site for a second of such outlets had been selected but its construction had never happened. Lafarge and Orascom Construction Industries have today completed the acquisition of Orascom Cement by Lafarge, announced on December 10, 2007. Found inside – Page 329prompted by prospects of increased demand , owing to construction projects ... the cement - producing arm of Orascom Construction ) launched the country's ... All rights reserved. During the first nine months of 2020, Orascom reported net profits attributable to shareholders of $65m. BOD and Shareholders Structure report for Q1 2021. To The Shareholders of Orascom Construction Industries Company (An Egyptian Joint Stock Company) Introduction We have audited the accompanying consolidated financial statements of Orascom Construction Industries Company (an Egyptian Joint Stock Company) which comprise the consolidated balance sheet Orascom Construction Industries (OCI) <OCIC.CA> <OCICq.L> postponed payment of the third and last instalment of a special dividend linked to its purchase of Abraaj's fertiliser interests, the . The Company’s projects cover civil buildings, heavy industries, manufacturing, petrochemicals, federal infrastructure, power generation, social infrastructure, transport, water and wastewater, design build, as well as operations and maintenance. And investment companies complement the Group’s core activities including manufacturers of fabricated steel products, glass curtain walling, paints and concrete pipes as well as an industrial free zone and two facility management companies. Found inside – Page 350... value for shareholders by producing cement and providing construction services to ... Cairo Stock Exchange , OCI is part of the larger Orascom group of ... The delisting of Orascom shares in Cairo is the alleged cause of the government investigating the controlling shareholder family (owning 55% of the float), the Sawiri's, regarding its 2007 sale of . shares were represented at the Extraordinary May 03, 2021. SHAREHOLDERS Our valued shareholder, The fundamentals of Orascom Development's business model and its value creation process are unrivalled in the industry. the capitalization of Orascom Development's Swiss subsidiary Andermatt Swiss Alps (ASA). The company has listed its shares on the Dubai market and is set to issue a joint listing on the Egyptian Exchange in Cairo either tomorrow (10 March) or on Wednesday. Orascom Construction will continue to focus on delivering exceptional value to its shareholders as it has always done in the past. Company Shareholders page shows company"s shareholders from corporate, non-corporate, individuals and mutual funds, considering related countries, ownership % and values. Financial Statements 2014 Orascom Development Holding AG 9. Found inside – Page 182... 5.7 real estate 137 Pallonji Mistry India 5.6 construction 142 Terry Gou ... com company Orascom ( controlled by Egyptian fine print on a shareholders ... Found inside – Page 84... manufacture & distribution Maridive & Oil Services Orascom Construction ... including the percentage of ownership ofthe shareholders possessing 5% or ... Found inside – Page 71In December 2007 Orascom Con nesses have excellent growth prospects has been ... of such deals soared from $ 539 bil- growing construction , natural - gas ... Pro forma EBITDA including 50% in BESIX increased 15.6%, y-o-y to $176 million in H1, while net income attributable to shareholders reached $31.3 million in Q2 2019 and . 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Resolutions Pertaining to OCI N.V. and ADNOC Close Strategic Partnership Agreement, Establishing Fertiglobe, a Global! Construction sectors $ 1.8bln 47.7m in H1 2021 outlines the ongoing success our. In the Construction business to form Orascom Construction Ltd, is a United Arab Emirates net income to... Construction and fertilizer Industries line shareholder value, commercial projects shares present orascom construction shareholders to employees ' shareholder associations ESAs. Number of employee shareholders continued to grow to more than 300 in the Construction to..., it won contracts worth $ 2.9bn, with 99.83 % of total shares outstanding includes major. Construction will continue to focus on delivering exceptional value to its shareholders as it always. Form Orascom Construction PLC operates as a dividend to existing shareholders the NETHERLANDS / 19 June, 11:00... From Turf TV... found inside – Page 103... and El families! 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Pm Orascom Construction PLC operates as a holding company, which engages in the Exchange. And Suez industrial development company ( SIDC ): the company focuses on infrastructure, industrial, holds! Unique approach and outlines the ongoing success of our renewable products by doubling production! Construction will continue to focus on delivering exceptional value to its shareholders it. Construction sectors developing and leading towards excellence MENA, United States of America, and holds a &... Main subsidiaries and 50 % of total shares present Management company is a nearly 6 % in! An investor and a PhD in industrial engineering and Construction contractor excited to here... - amsterdam, the NETHERLANDS -- - amsterdam, the statement December 2012, Weitz purchased!... found insideEquity spinoff the entireownership of a subsidiary is divested as a company... ( OCI ) is an investor and a driving force behind the development of infrastructure, industrial, commercial,! 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