Monday 22 December 2014
 
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OCI

New orders fall at OCI's construction arm

Amsterdam-listed OCI NV , the Egyptian construction, chemicals and fertiliser company, has announced a fall in orders at its building business ahead of plans to list it as a separate company. The company also said it had taken pro

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OCI plans construction unit spin-off, listing in UAE

Amsterdam-listed OCI said on Thursday it planned to spin off its construction and engineering business and list it on stock markets in Egypt and the UAE in the first quarter of 2015. The new company is expected to be named Orascom

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OCI reports 31pc drop in Q3 income

  Egypt's Orascom Construction Industries (OCI) reported on Wednesday a 31 percent drop in net income for the third quarter of 2012 to $126.8 million, that was near the top end of analyst forecasts.  

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OCI profit falls ahead of demerger

  Orascom Construction (OCI) , Egypt's biggest listed company, reported a 28 percent drop in net income for the second quarter, pulled lower by start-up costs at new fertiliser factories, as it prepares to split the two busin

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Egypt's OCI to build $1.4bn plant in Iowa

  Egypt's Orascom Construction Industries will build a $1.4 billion fertiliser plant in Iowa and is buying a US construction firm, as it targets growth outside its main Middle East markets, the company said. &nbs

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Orascom Construction Q1 net drops 54pc

Egypt's Orascom Construction (OCI) reported a 54 percent fall in first-quarter net income on Monday, on lower operating margins and after the group took the investment income from its Gavilon Group off its earnings books. Net profit fell t

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OCI gets $100m loan from World Bank

Egypt's Orascom Construction Industries (OCI) has secured a $100 million loan from the World Bank's investment arm to help it expand across the region and rebuild confidence in the country's private sector. Egypt is struggling

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OCI to sell Gavilon stake for $605m

Egypt's Orascom Construction Industries (OCI) said on Tuesday it had agreed to sell its 16.8 per cent stake in US grains merchant Gavilon to Japanese trading house Marubeni for $605 million. 'The transaction is expected to close by

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Egypt's OCI Q3 net up 24pc to $183m

Egypt's Orascom Construction (OCI) said on Monday its net profit for the third quarter of 2011 rose 24 percent to $182.9 million, in line with the consensus forecast of analysts. Consolidated revenue grew 8.9 percent to $1.36 billion, whil

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OCI unit wins $578m Yas Mall contract

A unit of Egypt's Orascom Construction won the main 416 million euro ($578 million) construction contract to build a mall in the capital of the United Arab Emirates, the firm said on Sunday. The contract for Yas Mall, a retail developm

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