EQS Group-Ad-hoc: Orascom Development Holding AG / Key word(s): Miscellaneous/Miscellaneous
Orascom Development Holding (ODH) announces change in its Executive Management Team
Altdorf, 22 March 2021 - Orascom Development Holding AG (ODH) announces the appointment of Tarek Kamel as member of the Executive Management of ODH and CEO of O West, the Group's largest destination in terms of sales, effective 1 April 2021.
Tarek Kamel joined Orascom in 2019 and is currently serving as CEO of the Group's largest operating asset, El Gouna. He holds degrees from Cairo University and from Maastricht School of Management and has more than two decades of professional experience.
Further, Karim Hassan, Group Head of Business Development, will leave ODH at the end of the month to pursue a new professional challenge.
About Orascom Development Holding (ODH):
ODH is a leading developer of fully integrated destinations that include hotels, private villas and apartments, leisure facilities such as golf courses, marinas and supporting infrastructure. ODH's diversified portfolio of destinations is spread over 7 jurisdictions (Egypt, UAE, Oman, Switzerland, Morocco, Montenegro, and United Kingdom), with primary focus on touristic destinations. ODH currently operates nine destinations: four in Egypt (El Gouna, Taba Heights, Makadi Heights and Byoum), The Cove in the United Arab Emirates, Jebel Sifah and Hawana Salalah in Oman, Luštica Bay in Montenegro, and Andermatt in Switzerland. The shares of ODH are listed on SIX Swiss Exchange. ODH recently launched O West, the latest addition to its portfolio and its first project in Cairo, Egypt, located in the Sixth of October City.
Disclaimer and Cautionary Statement
End of ad hoc announcement
|Company:||Orascom Development Holding AG|
|Phone:||+41 41 874 17 17|
|Fax:||+41 41 874 17 07|
|Listed:||SIX Swiss Exchange|
|EQS News ID:||1177289|
|End of Announcement||EQS Group News Service|
1177289 22-March-2021 CET/CEST