{"id":324196,"date":"2021-12-14T12:40:49","date_gmt":"2021-12-14T12:40:49","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=324196"},"modified":"2021-12-15T12:45:27","modified_gmt":"2021-12-15T12:45:27","slug":"samih-sawiris-to-step-down-as-orascom-development-holding-chairman","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/12\/14\/samih-sawiris-to-step-down-as-orascom-development-holding-chairman\/","title":{"rendered":"Samih Sawiris to step down as Orascom Development Holding chairman"},"content":{"rendered":"<p>Egyptian business tycoon Samih Sawiris will step down and will not stand for re-election as chairman of Orascom Development Holding (ODH) during next annual assembly meeting in spring 2022,ending a 30-year run at the company\u2019s helm.<\/p>\n<p>He will hand the torch to his son, Naguib Samih Sawiris.<\/p>\n<p>Orascom\u2019s board has agreed to nominate Naguib as chairman of the group at the next annual general assembly meeting.<\/p>\n<p>Samih will be transferring his entire stake in ODH in the company to his son, save for his shares in Andermatt Swiss Alps, where he will still act as the chairman and majority stakeholder.<\/p>\n<p>His son, Naguib will become the majority stakeholder of Orascom Development Holding. He previously founded and managed U.S.-based edtech startup Yup, where he still acts as board member.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egyptian business tycoon Samih Sawiris will step down and will not stand for re-election as chairman of Orascom Development Holding (ODH) during next annual assembly meeting in spring 2022,ending a 30-year run at the company\u2019s helm.<\/p>\n","protected":false},"author":4,"featured_media":324197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,21],"tags":[307],"class_list":["post-324196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-news","tag-orascom-development-egypt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Samih Sawiris to step down as Orascom Development Holding chairman - 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