Orascom Investment approves advisory deal with Beltone

Cairo – Mubasher: The ordinary general meeting (OGM) of Orascom Investment Holding (OIH) approved a financial and technical advisory services agreement with Beltone Financial Holding.

The 12-month contract allows Beltone to receive 2% of the value of deals signed by Orasocm with the help of Beltone, according to a statement to the Egyptian Exchange (EGX) on Tuesday.

It is noteworthy to mention that in 2019, OIH suffered net losses of EGP 425.22 million, versus net profits of EGP 865.59 million in 2018, including minority shareholders’ rights.

Mubasher Contribution Time: 02-Jun-2020 08:53 (GMT)
Mubasher Last Update Time: 02-Jun-2020 08:53 (GMT)