Cairo – Mubasher: Orascom Construction Industries (OCI) will hold extraordinary general meeting on 17 January 2016, to discuss the voluntary delisting of the company’s shares from the Egyptian Exchange.

Shareholders will also look into allowing the company to continue as a going concern although its losses have exceeded more than half of issued capital.

Meanwhile, the meeting will tackle the possibility of buying equities owned by shareholders that reject the delisting of the company's shares.

Earlier, OCI board gave a nod to delisting the company's 208.93 million shares from Cairo bourse.

The firm attributed this move to the decline of its free float stake to 0.0598%.