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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
OCI Submits Additional Documentation for Demerger

CAIRO, EGYPT -- (Marketwire) -- 12/03/12 --




Cairo, Egypt / 2 December, 2012 8:30 AM

OCI Submits Additional Documentation for its Planned Demerger as
Requested by the Egyptian Financial Supervisory Authority (EFSA)

Orascom Construction Industries (OCI) announced today that it has
submitted additional documentation requested by the Egyptian Financial
Supervisory Authority (EFSA) with regards to the company's planned
demerger of its construction business from its fertilizer business. The
required documentation seeks to meet EFSA's request to issue shares for
the both the demerging and demerged companies simultaneously.

EFSA's request for documentation is a follow-up to OCI's request to
issue new shares for the demerging company following its capital
reduction. OCI continues to comply with any legal requests, submits
additional documentation promptly and addresses any clarifications that
EFSA may require in this matter.

To-date, OCI has submitted all supporting documentation to EFSA
pertaining to the demerger.

About Orascom Construction Industries

OCI is one of Egypt's largest corporations employing more than 90,000
people in 35 countries around the globe. The OCI Fertilizer Group owns
and operates nitrogen fertilizer plants in Egypt, the Netherlands, the
United States, and Algeria and has an international distribution
platform spanning from the Americas to Asia. The OCI Fertilizer Group
ranks among the world's top fertilizer producers with a production
capacity which will exceed 7.0 million metric tons in 2012. The OCI
Construction Group provides international engineering and construction
services primarily on infrastructure, industrial and high-end
commercial projects in Europe, the Middle East and North Africa for
public and private clients. The OCI Construction Group ranks among the
world's top global contractors.

For additional information contact: For additional information on OCI:
OCI Investor Relations Department:  www.orascomci.com

Omar Darwazah                       OCI stock symbols: OCIC.CA /
Email: omar.darwazah@orascomci.com  OCIC EY /OCICqL / ORSD / ORSCY

Erika Wakid                         Orascom Construction Industries
Email: erika.wakid@orascomci.com    (OCI)
                                    Nile City Towers - South Tower
Hassan Badrawi                      2005A Corniche El Nil
Director                            Cairo, Egypt

Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409





                    This information is provided by RNS
          The company news service from the London Stock Exchange

END

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