29 August, 2025
Orascom Construction PLC (the “Company”) announces the planned listing of its shares on the Abu Dhabi Securities Exchange (ADX) on September 11, 2025.
At the Extraordinary General Meeting held on August 12, 2025, shareholders approved all special resolutions to migrate the Company’s primary listing from Nasdaq Dubai to ADX and to transfer the Company’s incorporation from the Dubai International Financial Center (DIFC) to the Abu Dhabi Global Market (ADGM).
The Company’s secondary listing on the Egyptian Exchange (EGX) will remain unchanged.
The Company’s shares held on Nasdaq Dubai at the time of suspension of trading will be transferred to ADX and, upon listing on ADX, the Company’s shares will be dual listed on ADX and EGX.
The opening price on ADX will be set at the last closing price on EGX on September 10, 2025, and converted into AED using the exchange rate published by the Central Bank of the UAE on the same date.
The Company’s shares on ADX will trade under the symbol ORAS.
Timeline of Key Events
Set out below is a timeline of the key events in connection with the suspension of trading and cancellation of listing on Nasdaq Dubai and the listing on ADX. The Company’s secondary listing on EGX will remain operational during this period.
Key Event | Date (UAE time) |
Last day of trading on Nasdaq Dubai | September 3, 2025 |
Cessation of share transfers between Nasdaq Dubai and EGX | September 3, 2025 (End of day) |
Cancellation of listing on Nasdaq Dubai | September 10, 2025 (End of day) |
Trading Begins on ADX | September 11, 2025 |
Further information is available in the “Additional Information for Investors” document on the Company’s website at www.orascom.com.
Transfer to ADGM
The Company has commenced procedures to transfer its incorporation from the DIFC to the ADGM, for continuance as a company registered under the ADGM Companies Regulations. The process is ongoing and is anticipated to conclude after the ADX listing, subject to regulatory approvals.