{"id":553983,"date":"2021-12-15T04:13:33","date_gmt":"2021-12-15T04:13:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/"},"modified":"2021-12-15T04:13:33","modified_gmt":"2021-12-15T04:13:33","slug":"samih-sawiris-to-step-down-as-odh-chairman","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/","title":{"rendered":"Samih Sawiris to step down as ODH chairman"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Samih Sawiris is stepping down from his role as Orascom Development Holding <\/strong><strong>(ODH) chairman and handing the torch to his son<\/strong>, Naguib Samih Sawiris (<a href=\"https:\/\/www.linkedin.com\/in\/naguibs\/\">LinkedIn<\/a>), ending a 30-year run at the company\u2019s helm, according to a report in <a href=\"https:\/\/bit.ly\/3GH0VOE\">Hapi Journal<\/a>. ODH\u2019s board agreed to formally nominate Naguib as chairman at ODH\u2019s next annual general assembly meeting. 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. Naguib \u2014 not to be confused with his namesake uncle \u2014 will now become the majority stakeholder of Orascom Development Holding and was previously a board member at the company. He also previously founded and managed US-based edtech startup <a href=\"https:\/\/yup.com\/\">Yup<\/a>, where he still acts as board member.<\/p>\n<p><strong>IN OTHER MOVES-<\/strong><\/p>\n<p><strong>Rear Admiral Ashraf Megahed <\/strong>has been appointed as the new <strong>commander of the Egyptian <\/strong><strong>Navy<\/strong> by President Abdel Fattah El Sisi, according to a <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/464482975040436\">statement<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Samih Sawiris is stepping down from his role as Orascom Development Holding (ODH) chairman and handing the torch to his son, Naguib Samih Sawiris (LinkedIn), ending a 30-year run at the company\u2019s helm, according to a report in Hapi Journal. ODH\u2019s board agreed to formally nominate Naguib as chairman at ODH\u2019s next annual general assembly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7231],"tags":[1034,72,206,256,1844],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553983","post","type-post","status-publish","format-standard","hentry","category-moves","tag-armed-forces","tag-enterpriseam","tag-moves","tag-orascom-development-egypt","tag-samih-sawiris","wpautop","entry"],"acf":{"mongo_id":"29b6b8e9-e743-483e-8f1a-47e91ba48450","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[553967],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Samih Sawiris to step down as ODH chairman - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samih Sawiris to step down as ODH chairman\" \/>\n<meta property=\"og:description\" content=\"Samih Sawiris is stepping down from his role as Orascom Development Holding (ODH) chairman and handing the torch to his son, Naguib Samih Sawiris (LinkedIn), ending a 30-year run at the company\u2019s helm, according to a report in Hapi Journal. ODH\u2019s board agreed to formally nominate Naguib as chairman at ODH\u2019s next annual general assembly [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-15T04:13:33+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Samih Sawiris to step down as ODH chairman\",\"datePublished\":\"2021-12-15T04:13:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/\"},\"wordCount\":174,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Armed Forces\",\"EnterpriseAM\",\"moves\",\"Orascom Development Egypt\",\"Samih Sawiris\"],\"articleSection\":[\"Moves\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/\",\"name\":\"Samih Sawiris to step down as ODH chairman - 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ODH\u2019s board agreed to formally nominate Naguib as chairman at ODH\u2019s next annual general assembly [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-12-15T04:13:33+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Samih Sawiris to step down as ODH chairman","datePublished":"2021-12-15T04:13:33+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/"},"wordCount":174,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Armed Forces","EnterpriseAM","moves","Orascom Development Egypt","Samih Sawiris"],"articleSection":["Moves"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/","name":"Samih Sawiris to step down as ODH chairman - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-12-15T04:13:33+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/samih-sawiris-to-step-down-as-odh-chairman\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Samih Sawiris to step down as ODH chairman"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":569032,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/11\/samih-sawiris-becomes-odh-interim-executive-chairman\/","url_meta":{"origin":553983,"position":0},"title":"Samih Sawiris becomes ODH interim executive chairman","author":"enterpriseam admin","date":"11 February 2020","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599808,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/odh-enters-agreement-with-chairman-samih-sawiris-for-stake-purchase-in-asa\/","url_meta":{"origin":553983,"position":1},"title":"ODH enters agreement with Chairman Samih Sawiris for stake purchase in ASA","author":"enterpriseam admin","date":"10 January 2019","format":false,"excerpt":"Orascom Development Holding (ODH) has entered an agreement to purchase an additional 1% and one share of Andermatt Swiss Alps (ASA) from ODH Chairman Samih Sawiris at a total price of CHF 3.2 mn, according to a company press release. The transaction, which is conditional on Sawiris forgiving CHF 150\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568553,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/15\/samih-sawiris-to-offload-shares-in-orascom-housing-communities-to-uk-fund\/","url_meta":{"origin":553983,"position":2},"title":"Samih Sawiris to offload shares in Orascom Housing Communities to UK fund","author":"enterpriseam admin","date":"15 November 2020","format":false,"excerpt":"M&A WATCH- Samih Sawiris will offload his shares in affordable housing player Orascom Housing Communities to an unnamed British investment fund, Al Shorouk reports, citing unnamed sources familiar with the matter. Sawiris will reportedly sell 85% of the company\u2019s shares, including his personal 55% stake and the 30% held by\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576328,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/19\/odh-confirms-it-is-looking-to-sell-stake-in-orascom-housing-communities\/","url_meta":{"origin":553983,"position":3},"title":"ODH confirms it is looking to sell stake in Orascom Housing Communities","author":"enterpriseam admin","date":"19 November 2020","format":false,"excerpt":"M&A WATCH- Orascom Development Egypt (ODH) is in talks to sell some or all of its stake in Orascom Housing Communities, it confirmed in a regulatory filing (pdf) yesterday. It offered no details on the expected size of the transaction or the identity of the potential buyer, though reports circulating\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568018,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/odh-offloading-affordable-housing-arm\/","url_meta":{"origin":553983,"position":4},"title":"ODH offloading affordable housing arm","author":"enterpriseam admin","date":"15 December 2020","format":false,"excerpt":"Orascom Development Egypt\u2019s (ODH) board has approved plans to sell the company\u2019s 35% stake in affordable homes builder New City Housing and Development (previously Orascom Housing Communities or OHC), according toa regulatory filing (pdf). The stake is valued at EGP 128.6 mn, the company said without disclosing the name of\u2026","rel":"","context":"In &quot;EQUITIES&quot;","block_context":{"text":"EQUITIES","link":"https:\/\/enterpriseam.com\/egypt\/category\/equities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576371,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/22\/matouk-bassiouny-hennawy-to-advise-on-odhs-sale-of-orascom-housing-communities\/","url_meta":{"origin":553983,"position":5},"title":"Matouk Bassiouny &#038; Hennawy to advise on ODH\u2019s sale of Orascom Housing Communities","author":"enterpriseam admin","date":"22 November 2020","format":false,"excerpt":"APPOINTMENTS- Law firm Matouk Bassiouny & Hennawy has been appointed to advise Orascom Development Holding (ODH) on the sale of its stake in Orascom Housing Communities, Al Shorouk reports, citing unnamed sources familiar with the matter. ODH announced last week that it is seeking to sell some or all of\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/553983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=553983"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/553983\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/553967"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=553983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=553983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=553983"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=553983"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=553983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}