ZAWYA-SNG: Egypt: Orascom Investment to develop unit in China

About this update from Orascom Investment Holding Sae

Staff WriterArab Finance: Orascom Investment Holding (OIH) decided to establish a wholly-owned subsidiary in China, according to a bourse statement.Subject to obtaining the regulatory approvals, the board authorizd Marwan Mohamed Hussein, Managing Director, Wael Adel Fawzy, the group’s CFO, and Oussama Daniel Nassif, CLO, to take all legal actions and sign all documents required for the incorporation.They will determine the capital and ownership structure, select the name, and complete all necessary incorporation and administrative procedures.Orascom Investment recorded 4.943% year-on-year (YoY) lower consolidated net losses attributable to the parent company at EGP 804.741 million in the first nine months of 2025.© 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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