A track record in Operations & Maintenance & high quality property management

We have secured a number of multi-year O&M contracts for projects on which the Group is also the contractor. Current O&M contracts span several sectors such water treatment, wastewater treatment, water desalination and transportation. We recognized a gap in the Egyptian market for a high-quality facility management company. To fill this growing need, Orascom construction invested in Contrack FM and Orascom Industrial Parks (Orascom-IP).

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Notice of Extraordinary General Meeting

19 September, 2023

Orascom Construction PLC announces that it has published the Notice of Extraordinary General Meeting (EGM) to be held on 11 October 2023 for the purpose of considering and, if thought fit, passing the following resolutions:

Resolution 1: That, subject to and based on the recommendation of the Board, the Company declare a dividend of US$ 0.2750 per share based on the financial statements of the Company as at 31 December 2022, and such dividend to be paid on 31 October 2023 (the “Payment Date”) to the members of the Company holding the Company’s ordinary shares on 24 October 2023 (the “Record Date”).
Resolution 2: The Company shall pay the dividend in US$ to the members holding ordinary shares on Nasdaq Dubai at the Record Date and in Egyptian Pounds (subject to the US$/EGP sell exchange rate announced by the Central Bank of Egypt on 11 October 2023, the date of the EGM) to the members holding ordinary shares on the Egyptian Exchange at the Record Date.
Resolution 3: Osama Anwar Bishai in his capacity as Chief Executive Officer, and each of Alexandre Lousada, Walid Ibrahim and Dina Abbas be and are hereby authorized to take any necessary steps requested by Nasdaq Dubai and/or the Egyptian Exchange, and any regulatory bodies to finalize the dividend payment.