Naguib Sawiris is studying investment in The United Bank

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Orascom Investment Holding Company, owned by businessman Naguib Sawiris, in response to the Egyptian Stock Exchange’s inquiry regarding the procedures for dividing the company, said that the divided and divided company is studying all available alternatives, in line with the investment strategy of each of the two companies, including studying investment in the United Bank Bank, and studying Entering the Aura Real Estate Investment Company, under the umbrella of Orascom Investment Holding, and studying investment in the multimodal transport project proposed by the ministries of the business sector and transportation. The divided company will also study the sufficiency of listing one financial company on the stock exchange after completing the division process.

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.



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