orascom ceo steps down
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Orascom CEO steps down

Arab Today, arab today

Arab Today, arab today Orascom CEO steps down

Egyptian billionaire Naguib Sawiris
Cairo - Arab Today

Egyptian billionaire Naguib Sawiris has resigned as CEO of Orascom and his deputy Tamer El-Mahdi has been nominated as his successor, the company said on Sunday.
“Naguib Sawiris has submitted his resignation from his position as CEO effective Jan. 1, 2017,” Orascom Telecom Media and Technology Holding (OTMT) said in a statement.
Orascom has holdings in media, technology and cable businesses, but under Sawiris has sought to move further into the financial sector by creating a major investment firm. Sawiris, whose interests range from construction to telecommunication, is a well-known business figure in North Africa and the Middle East.

Source: Arab News

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