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Turkish and UAE Officials welcome Orion Holding’s latest acquisition

United Arab Emirates: Saturday, September 16 - 2006 @ 11:00

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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Saturday, September 16- 2006 @ 11:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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