Shares of newly split Orascom Financial Holdings (OFH) will begin trading on the Egyptian Exchange (EGX) on February 17th, becoming the final step of its split from  Orascom Investment Holding (OIH), according to a recent statement.

The Egyptian Exchange’s (EGX) approved the listing of the shares of Orascom Investment Holding (OIH) after slashing the authorized capital to EGP 2.88 billion from EGP 22 billion following the demerger, according to a disclosure on February 16th.

Sarwa Capital Holding’s (SRWA) extraordinary general meeting approved changing the company’s name to Contact Financial Holding from Sarwa Capital Holding, according to the company’s February 16th statement to the Egyptian Exchange.

Orascom Investment Holding (OIH) sold its entire stake of 29.25% in Sarwa Capital Holding for Financial Investments, according to the company’s statement to the Egyptian Exchange on February 11th.