Orascom Construction (OC) has sent a disclosure to the EGX, in line with the bourse’s regulation requiring a semiannual disclosure detailing the use of proceeds of any capital increase for a period of two years. The company has stated that it has fully used the net amount collected (after deducing the listing costs) to: i) pay-off an outstanding debt to an affiliated company; ii) to fund working capital requirements, which both come in line with the company’s listing documents ratified by the regulator. The gross amount collected was EGP1,512 million. (Company disclosure)