Orascom Construction approves share issue for OCI merger, with new shares due to list on 24 November

Orascom Construction's board approved on 5 November the issue of 97.2 million new shares to OCI, raising its issued capital to USD 207.4 million from USD 110.2 million. The new shares are due to list on the Egyptian Exchange and the Abu Dhabi Securities Exchange on 24 November, and NNS Holding's EUR 4.10 per share exit offer to OCI shareholders closes on 17 November unless extended. Orascom expects completion in December, ahead of a 30 December long-stop date, while a petition by Value8 asking the Dutch Enterprise Chamber to investigate OCI remains before the court.

Why it matters

The merger would combine two firms backed by Nassef Sawiris into one Abu Dhabi-based infrastructure and investment platform listed in Cairo and Abu Dhabi.

Source: EnterpriseAM Egypt · 9 November 2026

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