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Orascom Investment Holding to exit Nubay FZCO

Updated 10/21/2026 1:53:00 PM
Orascom Investment Holding to exit Nubay FZCO

Arab Finance: The board of Orascom Investment Holding (OIH) has approved the transfer of its entire 57% stake in Nubay FZCO to Plumes Investment RSC LTD for a total consideration of AED 191,590, according to a statement.

At the end of June 2026, Orascom Investment Holding generated consolidated losses attributable to the parent company of EGP 558.235 million, an annual drop of 9.55% from EGP 617.226 million.

Regarding the standalone business, the net losses deepened to EGP 497.940 million from EGP 446.132 million, whereas the loss per share climbed to EGP 0.095 from EGP 0.085.

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