Annual General Meeting approves all proposals of the Board of Directors
Altdorf, 7 May 2019 - The 11th Annual General Meeting of Orascom Development Holding AG was held today in Altdorf, Switzerland. 222 shareholders participated in the Annual General Meeting.
All proposals of the Board of Directors were approved. All members of the Board of Directors and the Nomination and Compensation Committee stood for re-election and were elected for another one-year term of office. Deloitte AG, Zurich, was confirmed as auditors for the 2019 financial year and Dr. Hansheiri Inderkum was re-elected for another term until the end of the Annual General Meeting 2020. The shareholders also approved the proposed maximum amounts for the compensation of the members of the Board of Directors and the Executive Management.
About Orascom Development Holding (ODH):
Orascom Development Holding (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. Orascom Development's diversified portfolio of destinations is spread over seven jurisdictions (Egypt, UAE, Oman, Switzerland, Morocco, Montenegro and United Kingdom), with primary focus on touristic destinations. The Group currently operates nine destinations; four in Egypt (El Gouna, Taba Heights, Fayoum and Makadi Heights), 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 Orascom Development Holding (ODH) are listed on the SIX Swiss Exchange.
Contact for Investors:
Sara El Gawahergy
Head of Investor Relations & Strategic Projects Management
Tel: +202 246 18961
Tel: +41 418 74 17 11
Mob: +41 79 156 78 49
Contact for Media Relations:
Dynamics Group AG
Tel: +41 432 68 32 35
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