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OCI Welcomes Potential US$ 350 Million Debt and Equity Investment by IFC

Orascom Construction Industries (OCI) announced today that the IFC is considering a debt and equity investment package of US$ 350 million.

Orascom Construction Industries (OCI) announced today - 4th of July 2011 - that the IFC, a member of the World Bank Group, is considering a debt and equity investment package of US$ 350 million with the group consisting of a US$ 200 million loan to its Fertilizer Group, a US$ 100 million loan to its Construction Group, and a US$ 50 million equity
investment by acquiring shares in the company. The investment is subject to IFC board approval, which could come later in July.