SOURCE: Orascom Construction Inds, S.A.E.

December 14, 2011 08:50 ET

OCI Concludes Transaction With the IFC

CAIRO, EGYPT--(Marketwire - Dec 14, 2011) -


OCI Concludes Transaction with the International Finance Corporation

Orascom Construction Industries (OCI) announced today its intention to transfer 1,149,425 (one million one hundred forty-nine thousand four hundred twenty-five) Global Depositary Receipts (GDRs) listed on the London Stock Exchange (LSE) to International Finance Corporation (IFC) as part of a debt and equity investment package announced on 30 July 2011.

The GDRs will be transferred at a price of US$ 43.50 per GDR and the transfer will be effected upon timely satisfaction of all conditions precedent and conclusion of the required legal procedures.

About Orascom Construction Industries

OCI is one of Egypt's largest corporations employing more than 84,000 people in 35 countries around the globe. The OCI Fertilizer Group owns and operates nitrogen fertilizer plants in Egypt, the Netherlands, the United States, and Algeria and has an international distribution platform spanning from the Americas to Asia. The OCI Fertilizer Group ranks among the world's top fertilizer producers with a production capacity which will exceed 7.0 million metric tons in 2012. The OCI Construction Group provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects in Europe, the Middle East and North Africa for public and private clients. The OCI Construction Group ranks among the world's top global contractors.

 This information is provided by RNS
 The company news service from the London Stock Exchange

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Contact Information

  • For additional information contact:
    OCI Investor Relations Department:
    Omar Darwazah
    Email: Email Contact

    Erika Wakid
    Email: Email Contact

    Hassan Badrawi
    Director

    Tel: +202 2461 1036/0727/0917
    Fax: +202 2461 9409

    For additional information on OCI:
    www.orascomci.com

    OCI stock symbols: OCIC.CA / OCIC EY
    /OCICqL / ORSD / ORSCY

    Orascom Construction Industries (OCI)
    Nile City Towers - South Tower
    2005A Corniche El Nil
    Cairo, Egypt