Egyptian billionaire Nassef Sawiris's Orascom clears $1.3 billion share issue for OCI merger

Billionaires Africa | 09.11.2026 23:53
Orascom Construction Plc, the contractor controlled by Egyptian billionaire Nassef Sawiris, has approved the issue of 97.2 million new shares to OCI N.V., a block worth about EGP77.9 billion ($1.41 billion) at the stock's latest closing price in Cairo.