The company noted, in a statement to the Egyptian Stock Exchange, today, Sunday, that if the Orascom Investment Management finds the investment feasibility from the results of the studies referred to, it will present it to the company’s board of directors, who in turn will present it to the general assembly for a vote.
The Orascom Investment Holding Company had previously announced the study of the division of the company, and 6 justifications were put forward for the division amendment and capital reduction, as follows:
1- The financial leverage that is unique to the financial services companies, due to the nature of their work, which may mislead investors and analysts when they evaluate the sharing company.
2- The interest of some investors in the financial services sector, which will give them a good opportunity to invest in the sectors they desire, or to exit from the unwanted sectors.
3- Providing many options for investors to invest, which may attract more investments from home and abroad, for the two divided and divided companies.
4- Providing more opportunities for the divided and divided company to grow and participate in new investments in its field.
5- Increasing the administration’s focus on the activities of each field to reach the highest levels of performance.
6- Improving the financial position of the divided and divided companies, through the distribution of assets and liabilities according to the field of activities of the subsidiaries of each company.