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Update on Proposed Combination with OCI Global

07 July, 2026

Orascom Construction PLC (ADX and EGX: ORAS) confirms that the long-stop date for meeting certain conditions in connection with the proposed combination with OCI Global N.V (“OCI”) has been extended to 30 December 2026.

OCI is progressing towards meeting these conditions, including the convocation of an Extraordinary General Meeting ("EGM") of OCI shareholders to vote on the combination.

Orascom Construction further notes that NNS Holding (Cyprus) Limited (“NNS”), part of the privately owned NNS Group founded by Nassef Sawiris, has confirmed its intention to proceed with a voluntary all-cash public offer for all OCI shares at EUR 4.10 per share. NNS has submitted its draft Offer Memorandum to the Dutch Authority for Financial Markets (AFM) for approval.

Orascom Construction expects OCI to complete its process in Q4 2026.

As approved by Orascom Construction's shareholders at the EGM on 22 January 2026, the exchange ratio of 0.4634 Orascom Construction shares per OCI share remains unchanged.

Orascom Construction will continue to provide further updates.

Update on Proposed Combination with OCI Global

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