Mubasher TV
Contact Us Advertising   العربية

Orascom Construction’s shareholders to vote on OCI Global merger this week

Orascom Construction’s shareholders to vote on OCI Global merger this week
Photo Archive
Orascom Construction
ORAS
-2.98% 55.30 -1.70

Cairo - Mubasher: The general assembly meeting of Orascom Construction is set to vote on the proposed combination with OCI Global on 22 January 2026, according to a press release.

The merger is backed by Sustainable Capital Africa Alpha Fund, the company’s largest shareholder outside the Sawiris family, with 17.10% equity ownership.

Greg Barker, Co-Founder and Director of Sustainable Capital, commented: “While we had reservations regarding the exchange ratio between Orascom Construction and OCI, we have decided to support the proposed combination, as we believe in the long-term potential of the combined entity.”

In December 2025, the two companies agreed to establish a joint Abu Dhabi-based infrastructure and investment platform, aiming to boost reach, diversification, and growth prospects.