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Tuesday, November 10 - 2009

Turkish and UAE Officials welcome Orion Holding's latest acquisition

  • United Arab Emirates: Saturday, September 16 - 2006 at 11:00
  • PRESS RELEASE

Mr. Murat Yalcintas, Chairman of the Istanbul Chamber of Commerce and Mr. Abdul Rahman Ghanem Al-Mutaiwee, Director General of the Dubai Chamber of Commerce and Industry paid a special visit to Orion Holding's section in the UAE Trade Exhibition in Turkey.

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  • Mr. Murat Yalcintas, Chairman of the Istanbul Chamber of Commerce and Mr. Abdul Rahman Ghanem Al-Mutaiwee, Director General of the Dubai Chamber of Commerce and Industry
    Mr. Murat Yalcintas, Chairman of the Istanbul Chamber of Commerce and Mr. Abdul Rahman Ghanem Al-Mutaiwee, Director General of the Dubai Chamber of Commerce and Industry
The honorary guests expressed their support and optimism for Orion Holding's latest venture in Turkey, the acquisition of Iktisat Yatirim.

Mr. Younes Ouarzazi, Orion Holding's Head of the Business Development Department, accompanied the delegation in a tour of Orion Holding's section, the biggest in the exhibition. Mr. Ouarzazi assured the gentlemen that Iktisat Yatirim will resume business from where it left: one of the top brokerage houses in Turkey.

Mr. Yalcintas was delighted to learn more about Orion Holding and what it has in store for the Turkish financial market; he proclaimed this attainment as the "greatest investment Orion Holding can make".

Mr. Mutaiwee, Director General of DCCI, was also impressed by Orion Holding's latest venture in Turkey, as it fulfils one of DCCI's major missions of encouraging UAE-Turkish business cooperation.

Iktisat Yatirim is an Istanbul-based brokerage company that deals with the local Turkish Financial Market. Orion Holding Overseas recently bought Iktisat Yatirim for 5 million dollars, and devised a restructuring plan that included a new management, business approach, and additional services to its business lines. The refurbished company combines the deeply-rooted local know-how of Iktisat Yatirim with modern products and services offered by Orion Holding and its network of financial companies.
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Notes and media contacts

About Orion Holding Overseas:
Orion Holding is a stakeholder of a well-established and diversified investment group of companies located in Switzerland, Jordan, Egypt, Turkey, Kuwait, and head-quartered in the U.A.E. Our subsidiaries cover all aspects of Financial Services: from Brokerage Services, Asset Management and Private Banking, to Corporate Finance and Financial IT Solutions. The Holding Company focuses largely on Private Equity; since our inception, we have been scouting regional markets for promising companies and dedicating investments and support to improve and further empower its business practice.

For more information, contact:
Shoueb Rifai
Orion Holding Overseas
Tel: +971 4 3635815

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