OCI Global and Orascom Construction have agreed to combine, creating a scalable Abu Dhabi-anchored infrastructure and investment platform. The merger, subject to shareholder approval, will unite Orascom Construction’s world-class execution capabilities and OCI’s track record of building successful platforms.ยน
OCI shareholders will receive 0.4634 Orascom Construction shares for each OCI share, resulting in a 47% stake in the combined entity. The new company, renamed “Orascom,” will have three strategic pillars: Orascom Infrastructure, Orascom Construction, and Orascom Capital.
“This proposed Combination marks a new chapter for OCI and Orascom Construction, creating an integrated infrastructure and investment platform with strong capabilities and enhanced growth potential,” said Nassef Sawiris, Executive Chairman of OCI.
The combination aims to leverage Orascom Construction’s engineering, procurement, and construction expertise and OCI’s transactional expertise, creating a stronger balance sheet and enhanced funding capacity. The combined entity will invest in scalable cash-generative assets, targeting risk-adjusted returns with visible cashflows and recurring income streams.
