The announcement came in response to inquiries from the
Egyptian Exchange. It followed statements by Sawiris about his intention to
consolidate all his companies under OIH. The plan focuses on businesses aligned
with OIH’s activities, whether through acquisitions or mergers.
According to the statement, the proposal aims to create a
competitive economic entity. It also seeks to enhance the company’s share
value, benefiting shareholders and supporting the Egyptian Exchange.
OIH confirmed that it will present the study’s results to
shareholders. This will take place once all legal and regulatory requirements
have been fulfilled.
The company reported losses of EGP 914.66 million in 2024,
compared to losses of EGP 185.66 million in 2023. These figures include
minority interests. On a standalone basis, losses rose to EGP 726.78 million
last year, compared to EGP 57.08 million in the previous year.