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    OIH   EGS693V1C014

ORASCOM INVESTMENT HOLDING S.A.E.

(OIH)
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Orascom Investment E : Holding announces the completion of the sale of floors owned by its subsidiaries In Brazil

10/11/2021 | 07:32am EST

Orascom Investment Holding announces the completion of the

sale of floors owned by its subsidiaries In Brazil

Cairo, October 10th, 2021: Orascom Investment Holding S.A.E ("OIH") announced today the satisfaction of the conditions precedent pertaining to the sale of the floors owned by its

subsidiaries in the "Patio Victor Malzoni Condominium" building which Is located in the state of

Sao Paulo, Brazil, and consequently the completion of the relevant sale process. It is worth noting that the proceeds of the aforementioned sale amounts to approx. 77.6 million US dollars and equivalent to approx. 1.211 billion Egyptian pounds.

OIH's management is currently exploring different opportunities, that are in line with OIH's investment strategy, to invest the sale proceeds and maximize the company's profits and increase the shareholders' value. OIH will announce the details of such investment opportunities upon completion of the necessary studies and taking the relevant investment decisions.

- END -

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 and 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:

Media Relations, Orascom Investment Holding

Nile City Towers, South Tower, 29th Floor

2005A Corniche El Nile, Ramlet Beaulac, 11221 Cairo, Egypt E-mail: investorrelations@orascomih.com

Disclaimer

Orascom Investment Holding SAE published this content on 10 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2021 11:31:23 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2020 731 M 46,5 M 46,5 M
Net income 2020 -105 M -6,71 M -6,71 M
Net Debt 2020 194 M 12,4 M 12,4 M
P/E ratio 2020 -27,7x
Yield 2020 -
Capitalization 1 159 M 73,7 M 73,8 M
EV / Sales 2019 3,57x
EV / Sales 2020 4,26x
Nbr of Employees -
Free-Float 44,7%
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Technical analysis trends ORASCOM INVESTMENT HOLDING S.A.E.
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TrendsBearishNeutralBearish
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Mean consensus BUY
Number of Analysts 1
Last Close Price 0,22 EGP
Average target price 0,46 EGP
Spread / Average Target 108%
Managers and Directors
Naguib Onsi Naguib Sawiris Chief Executive Officer, MD & Director
Marwan Mohammad Hussein Chief Financial Officer
Akil Hamed Beshir Chairman
Mohammed Hamdan Mahmoud Ashmawy Independent Non-Executive Director
Iskandar Shalaby Naguib Rizk Shalaby Non-Independent Non-Executive Director
Sector and Competitors