Board of Directors Sets EGX Buyback Price at EGP 74.05


Orascom Construction Limited (NASDAQ Dubai: OC; EGX: ORAS) announced today that the Board of Directors has approved the purchase of 1,000,000 shares at a price of EGP 74.05 per share through an offer only to shareholders who hold their shares on the Egyptian Exchange (EGX). Shareholders approved the buyback and subsequent capital reduction at an Extraordinary General Meeting on 28 September.

The buyback offer will commence once final regulatory approvals to proceed are obtained.

Board of Directors Sets EGX Buyback Price at EGP 74.05