Orascom said in a statement on Sunday that the decision was taken in a board of directors meeting on Friday and will be presented to shareholder assemblies expected to convene next month.
It is also for approval of changes to the company’s investment in Orascom Telecom Holding Canada Limited, which currently owns 32.02 percent of the total outstanding voting shares and 65.08 percent of the total shares of Globalive Investment Holding Corp. It said changes in Canada’s foreign ownership laws allow it to convert non-voting shares in its Canada subsidiary to voting shares, resulting in Orascom controlling GIHC.
Events to be staged at the DWTC, comprising diverse sectors including construction, energy, technology, beauty, food, healthcare, environment and automotive, will mark the emirate’s post-pandemic economic recovery
Local business2 months ago