Orascom Development Holding AG

Publication of the Convocation to the Annual General Meeting 2022

Orascom Development Holding AG / Key word(s): AGMEGM/AGMEGM Orascom Development Holding AG: Publication of the Convocation to the Annual General Meeting 2022 19.04.2022 / 07:00 Press Release

Orascom Development Holding AG: Publication of the Convocation to the Annual General Meeting 2022

Altdorf, 19 April 2022 - Orascom Development Holding AG (ODH) today published the convocation to the Annual General Meeting 2022. As a precautionary measure in light of the ongoing COVID-19 pandemic, the AGM will be held without the physical presence of shareholders. Shareholders have the possibility to grant a written or electronic power of attorney with instructions for the exercise of their voting rights to the independent proxy.

As announced on 8 April 2022, the Board of Directors proposes the election of Ms. Maria Rioumine as new member and Mr. Naguib S. Sawiris as new chairman of the Board of Directors. In addition, the Board of Directors proposes the renewal and increase of the company's authorized capital. Mrs. Barbara Merz Wipfli, attorney-at-law and notary, is proposed as independent proxy to succeed Dr. Hansheiri Inderkum who has decided not to stand for reelection and whose term will therefore end upon the conclusion of the 2022 AGM.

The convocation to the Annual General Meeting will be sent by mail to all shareholders registered in the Company's share register and is available on the Company's website under the following link: Convocation to the 2022 AGM

 

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.