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

July 04, 2011 05:04 ET

OCI Welcomes Potential Investment by IFC

Cairo--(Marketwire - Jul 4, 2011) -

Cairo, Egypt / 4 July, 2011 10:15 AM

OCI Welcomes Potential US$ 350 Million Debt and Equity Investment by

Orascom Construction Industries (OCI) announced today that the IFC, a
member of the World Bank Group, is considering a debt and equity
investment package of US$ 350 million with the group consisting of a
US$ 200 million loan to its Fertilizer Group, a US$ 100 million loan to
its Construction Group, and a US$ 50 million equity investment by
acquiring shares in the company. The investment is subject to IFC
board approval, which could come later in July.

About Orascom Construction Industries

OCI is one of Egypt's largest corporations with projects and
investments across Europe, the Middle East and North Africa. The
company directly employs more than 84,000 people and generated US$ 4.9
billion in revenues and US$ 1.1 billion in EBITDA in 2010. OCI
currently has two core business activities. The OCI Fertilizer Group is
a strategic owner and operator of nitrogen fertilizer plants in Egypt,
the Netherlands and Algeria with an international distribution platform
spanning Latin America, the United States, Europe and Africa. These
operations will exceed 7.0 million metric tons of capacity in 2012,
positioning OCI as a top three nitrogen-based fertilizer producer. The
OCI Construction Group is a leading construction contractor active in
emerging markets with a backlog of US$ 5.6 billion as at 31 December
2010. It primarily focuses on infrastructure projects in Europe, the
Middle East and Africa in addition to industrial and high-end
commercial projects.

For additional information contact: For additional information on OCI:

OCI Investor Relations Department: 

Omar Darwazah                       OCI stock symbols: OCIC.CA /

Erika Wakid
Email:     Orascom Construction Industries(OCI)
                                    Nile City Towers - South Tower
                                    2005A Corniche El Nil
Hassan Badrawi                      Cairo, Egypt

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

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


Contact Information