The company said in a disclosure that Marwan Mohamed,
Executive Board Member, Wael Adel, Chief Financial Officer, and Osama Daniel,
Head of Legal Affairs, have been authorized to carry out all legal procedures
to establish the subsidiary company. This includes determining its capital,
ownership structure, selecting its name, and completing all other incorporation
and administrative requirements.
Consolidated financial statements of Orascom Investment
Holding showed a net loss of EGP 806.29 million for the period from January to
the end of September 2025, compared to a net loss of EGP 849.92 million in the
same period of 2024, taking into account minority interests.
The company’s operating revenues for the first nine months
of 2025 rose to EGP 441.41 million, up from EGP 215.12 million in the same
period last year.
On the standalone financials, losses decreased to EGP 100.24
million for the period from January to the end of September 2025, compared to
losses of EGP 442.97 million in the same period of 2024.