MOVES- Samih Sawiris has assumed the role of executive chairman at Orascom Development Holding, Reuters reports. Sawiris will be assisted in his temporary position by an interim committee consisting of Naguib Sawiris, Jurgen Fischer, Ashraf Nessim and Abdel Hamid Abu Youssef. Nessim and Abu Youssef were appointed to their respective roles as interim executive officers earlier this month following former CEO Khaled Bichara’s death late last month.

MOVES- Hussein Abu Saada has been appointed executive chairman of the Egyptian Resorts Company, according to a bourse disclosure (pdf). Shahinaz Foda and Hashem El Sayed have been appointed independent members of the board.

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