Orascom Investment appoints Naguib Sawiris as Chairman
· Egyptian market news · ARAB
The board members of Orascom Investment Holding (OIH) agreed to appoint Naguib Onsi Sawiris as Chairman of the board of directors, according to a bourse filing issued on August 19.
They also named Marwan Mohamed Hussein Mohamed, OTMT Acquisition S.à r.l representative, as Managing Director.
In 2025, the company incurred consolidated net losses attributable to the parent of Orascom Investment of EGP 533.775 million, down by 18.616% from EGP 449.999 million in 2024.
OIH was first established in 1997 as Orascom Telecom Holding, then as Orascom Telecom Media and Technologies in 2011, until the recent rebranding into Orascom Investment Holding and the shift to diversify its investments into other high-growth sectors.
Throughout its history, OIH has relied on its great ability to identify opportunities and its exceptional operational management expertise to turn them into market-leading global businesses.
The company's shares have been listed on the Egyptian Exchange (EGX) since January 2012.