Half Year 2023 Orascom Construction PLC Earnings Call Transcript
Thank you for standing by. My name is Ellie, and I will be your conference operator for today. At this time, I would like to welcome everyone to the Orascom Construction Half Year 2023 Results Conference Call. (Operator Instructions) I'd now like to hand you over to Osama Bishai. You may now begin the conference.
Thank you. Good afternoon, everyone. Welcome to our H1 2023 call. It has been a very interesting quarter for us. We have continued our steps towards executing our strategy. Number one, we have extracted value from what we consider mature assets and created a windfall for the shareholders doing that. And that has been an ongoing discussion for quite a while, but has been materialized in Q2 this year.
The second main event that we had, we made a share buyback for a tranche of the shares equal to 5.6% at an interesting value, again, technically giving back value to the shareholders, which we have been doing for quite a while. And we believe that this was done during an
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