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Orascom Construction approves $97.2M share issuance to OCI N.V.

Updated 11/8/2026 9:41:00 AM
Orascom Construction approves $97.2M share issuance to OCI N.V.

Arab Finance: Orascom Construction PLC has approved raising its issued share capital from $110.24 million to $207.44 million through issuing new shares, according to a disclosure filed to the Egyptian Exchange (EGX).

The $97.20 million capital increase is divided into nearly 97.201 million ordinary shares, each with a nominal value of $1.

The company also agreed to allocate the newly issued shares entirely to OCI N.V.

Earlier this month, Orascom Construction announced it expects to complete its proposed combination with OCI N.V. in December 2026, following the approval of the transaction by shareholders of both companies.

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