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Orascom Investment Holding seeks to invest in countries and sectors where we see the potential to make a real difference. Our goal is to transform these opportunities into market-leading global businesses. The net result, to maximize value for our shareholders, create a lasting impact on the development of the countries in which we operate, and contribute to improving the lives of their people. We believe in impact investing as it is one of our core drivers.
With one of the best reform initiatives in the Middle East today, Egypt has become one of the region’s fastest-growing economies offering attractive investment opportunities. As it is our home country, OIH intends to capitalize on the continuing projected socio-economic boom in Egypt, leveraging its unparalleled expertise and local know-how to create and capitalize on new opportunities while increasing shareholder returns.
Furthermore, building on its successful history of North African and Sub-Saharan investments, OIH intends to further its foray into African markets to help meet the needs of some of the least developed, fastest-growing populations on the planet, positioning itself as an urban African investment vehicle. Africa’s economic acceleration and improved business environment are offering a significant opportunity for investors who are able to navigate local norms while bringing best practices to local markets and who can simultaneously play a transformative role in solving the continent’s biggest challenges.
OIH maintains the legacy of the region’s most successful telecoms investor/operator. Tracing its roots back to Orascom Telecom Holding, established in 1997, and then Orascom Telecom Media and Technologies, born in 2011, until the recent rebranding into Orascom Investment Holding and the shift to diversify its investments into other high-growth sectors. Orascom Investment Holding continues to rely on its strong ability to identify opportunities and its exceptional operational management expertise to turn them into market-leading global businesses, demonstrated throughout its history.
We believe if you give a motivated and creative person enough freedom they can do amazing things. We believe a group of these people can change the world. Our board members bring a wealth of experience from some of the world’s most formidable agencies.
Executive Charmain
CEO
Non-Executive Board Member
Non-Executive Expert Board Member
Non-Executive Expert Board Member
Non-Executive Expert Board Member
Chief Legal Officer
Non-Executive Board Member
Non-Executive Expert Board Member
Executive Charmain
Mr. Naguib Sawiris founded Orascom Telecom Holding (OTH) and led it to become the leading regional telecom player until the much-publicized merger deal with VEON (formerly VimpelCom Ltd.), creating the world’s sixth largest mobile telecommunications provider in April 2011.
Today, he is Executive Chairman of Orascom Investment Holding, a holding company with a diversified investment portfolio targeting high-growth sectors where it sees opportunities of transformation and community impact in Egypt and Africa, including telecommunications and destination development.
Mr. Sawiris is Chairman of La Mancha Holding, the private natural resource investment vehicle of the Sawiris family group with equity investments in Endeavour Mining, Golden Star Resources and Altus Strategies.
Mr. Sawiris is also Chairman of Ora, a company undertaking high-end real estate developments in various prime locations around the world.
In 2015, the Sawiris family acquired a majority stake in Euronews where Mr. Sawiris is Chairman of the board. The Sawiris family also has ownership in several assets in the media business in Egypt.
At international and regional levels, Mr. Sawiris served and is serving on a number of boards, committees and councils including International Advisory Committee to the New York Stock Exchange (NYSE), International Advisory Board to the National Bank of Kuwait, London Stock Exchange’s Africa Advisory Group, External Advisory Council to the Global Institute for Advanced Study at NYU, the Boards of Trustees of the French University in Egypt (UFE) and the Arab Thought Foundation.
Mr. Sawiris is also the recipient of numerous honorary degrees, industry awards and civic honors, including the “Legion d’Honneur“ (the highest award given by the French Republic for outstanding services rendered to France). In July 2011 Mr. Sawiris was awarded the Honor of Commander of the Order of the “Stella della Solidarietà Italiana” (Star of Italian Solidarity). In 2006, the prestigious “Sitara-e-Quaid-e-Azam” award was conferred upon him by General Pervez Musharref for services rendered to the people of Pakistan in the field of telecommunication, investments and social sector work.
Mr. Sawiris holds a diploma of Mechanical Engineering with a Masters in Technical Administration from the Swiss Federal Institute of Technology Zurich (ETH Zürich) and a Diploma from the German Evangelical School, Cairo, Egypt.
CEO
Mr. Marwan is an experienced executive currently being the Chief Executive Officer of Orascom Investment Holding and is also serving as the Chairman and Board Member on boards of several international and local institutions. He is also an experienced ex banker with over 20 years of experience. In 2009, He joined the Orascom Telecom Group as part of the finance team working closely with the executive team to conclude a successful sale and demerger of the group in 2011. Prior to joining Orascom, he served as AVP private banking with Credit Agricole Egypt.
Mr. Hussien’s work career started in 2002 in UAE, when he was working on various strategic infrastructure projects upon which he started his banking career with National Bank of Dubai. His last role with the bank was the Unit Head for the Investments and Bank Assurance Department.
Mr. Hussien received his bachelor’s degree in Finance from the Arab Academy for Science and Technology and is a Registered Financial Specialist from the American Academy of Financial Management. He is a member of the American Chamber of Commerce in Egypt.
Non-Executive Board Member
Eng. Akil Beshir Served as Non-executive Vice Chairman of Orascom Investment Holding since 2014.
Upon his graduation in 1966, Mr. Beshir taught Mathematics at the Faculty of Engineering in Cairo University. During his career, Mr. Beshir assumed numerous roles in various technology companies. In 1978, he was appointed General Manager and Managing Director of Giza Systems Engineering. In 1985, he served as Vice President of Egyptian Computer Systems then as Vice Chairman of Al-Ahly Computer Equipment Company in 1996. In 2000, he was appointed as Chairman and CEO of Telecom Egypt.
Mr. Beshir also served on several boards in different capacities. He chaired the Board of Trustees of Nile University and the Egyptian Foundation for Technological Education Development, and Chairman of Al-Enmaa for Agricultural Development and Livestock. Mr. Beshir also served as a board member of the National Agency for Quality Assurance and Accreditation, the Egyptian Railways Authority, Nokia Siemens Networks, the National Telecommunications Institute, and Juhayna Food Industries.
Mr. Beshir holds an MBA from the American University in Cairo and a BSc in Telecommunications Engineering from Cairo Engineering.
Non-Executive Expert Board Member
Mr. Iskandar Shalaby had a pivotal role with Mobinil early on in setting up the licensing and regulations required for introducing the company as the first private mobile operator in Egypt. Mr. Shalaby then held different roles at Mobinil as Chief Officer for Legal and Regulatory Affairs from 1998 – 2005 and as President and Chief Executive Officer (CEO). Mr. Shalaby also served as Executive Vice President of Orascom Telecom (OT) and continues to be one of its board members. Before his involvement with OT and Mobinil, Mr. Shalaby served as the President and board member of the American Chamber of Commerce in Egypt (AmCham).
Prior to his role with AmCham, Mr. Shalaby held several positions with AT&T in the United States and beyond, including Director for Government Affairs for the company in Washington. Mr. Shalaby helped achieve more liberalization of the telecoms sector internationally for the emerging nations of the Middle East, Africa, and Eastern Europe as well as establish the presence of AT&T in several countries within those regions. During his time with AT&T, Mr. Shalaby served as the company’s Managing Director in Egypt and General Manager for the MENA Region in 1981. He also held a variety of technical and managerial positions with AT&T start-ups in Saudi Arabia and the Gulf region between 1977 – 1980.
Before joining AT&T, Mr. Shalaby was involved in the early days of the data communications field where he moved between posts in California and New Jersey where he worked with Bell Labs.
Mr. Shalaby earned his MSc. degree in Electrical Engineering and Computer Science from San José State University, California. And his B. SC. in Electrical Engineering from Alexandria University.
Non-Executive Expert Board Member
Mrs. Wafaa Zaklama is an experienced Chartered Director currently serving as a board member on boards of several international and local institutions in addition to chairing a few board committees. She is also an experienced ex banker with over 30 years of banking experience. In 2007, she joined the Orascom Group as a Financial Consultant advising on various projects. Prior to joining Orascom, she joined the IFC, Mena Region for couple of years rolling the Corporate Governance project across the Gulf Region.
Mrs. Zaklama’s work career started in 1976 when she joined Cairo Barclays Bank as a fresh graduate working her career up to Co-managing Director, in addition to her role as the Regional Corporate Director.
She currently serves as a volunteer board member and treasurer in one of the leading NGO in the recycling field as part of her philanthropy and social responsibility work.
Mrs. Zaklama received her bachelor’s degree in Accounting from Cairo University and her Chartered Directorship from The Directors’ College Institute of the McMaster University, Ontario, Canada. She also holds a Director Professionalism Certificate, Corporate Directors Institute from the National Association of Corporate Directors “NACD” in Washington, D.C.
Non-Executive Expert Board Member
Ashraf Salman is currently the Chairman & CEO of AUR Capital, a private equity investment company. The company is considered the newest player in the Egyptian financial market, with a sector-focused strategy that aims at creating and adding value by helping companies realize their growth potential through providing capital and operating support to strong management teams, all while generating superior returns to our investors and building a long-term relationship with our partners.
Ashraf Salman was appointed as Minister of Investment of the Arab Republic of Egypt since June 2014 till March 2016. The ministry's mandate included directly supervising The General Authority for Investment (GAFI), the state-owned companies under the law number 203 of 1991. And overseeing the Egyptian capital market via the Egyptian Financial Supervisory Authority (EFSA), and the Egyptian Stock Exchange (EGX).
During this period, he chaired, and participated in, several governmental institutions such as being the chairman of The General Authority for Investment (GAFI), board member of the New Urban Communities Authority (NUCA), the Egyptian General Petroleum Corporation (EGPC), the General Authority for Rehabilitation projects and Agricultural Development (GARPAD), the General Authority for the Suez Canal Economic Zone (SCZone), and The Supreme Council of Tourism.
As the Minister of Investment, Salman chaired the general assemblies of the 8 holding companies (SOE's), where he managed to work on further diversifying the activities of the 125 affiliated companies and increase their contributing to the Egyptian economy.
Salman also headed and was a member of over 40 government committees concerned with investment related issues such as the ministerial economic committee, the investment conflict resolution committee, the international arbitrage counseling committee, amongst others.
He was the co-founder and co-CEO at Cairo Financial Holding (CFH), one of Egypt's fast-growing investment banks.
He was the Head of Corporate Finance & Investment Banking at Arab African International Bank (AAIB).
Prior to joining AAIB, his experience included 12 years of financial market exposure, local and international, being part of the Strategic Securities Group (SSG) as Managing Director, Board Member and Executive Committee Member heading the investment division.
He was directly involved with the Capital Market introducing the Primary Dealers/Market Making License and the Local and International Custody License for AAIB.
He was a board member of the Mortgage Financing Authority, the Investor Protection Fund and a member of the High Policy Committee, American Finance Association (NY), Institute of Finance, ECMA and the CASE Trading Practices Committee.
Throughout that period, he has been exposed to more than 200 restructuring and valuations for public companies.
He is an MBA holder from Birmingham University, Alabama, USA, and a Lead Assessor granted by SGS Yarsely, United Kingdom.
He acquired a wide experience in soliciting financial restructuring deals including; Dyaa El Kabany Group, Sornaga Ceramics, Misr Rayon, Al Nasr Pharmaceuticals, Egyptian Electric Isolators, Egyptian Matches Company, and Egyptian Modern Matches Company.
He has accumulated 25 years of commercial and investment banking and stock market experience.
Chief Legal Officer
Mr. Oussama Daniel Nassif was appointed as the Chief Legal Officer for Orascom Investment Holding in early 2012 bringing with him more than 25 years of experience in legal affairs in Egypt and the Middle East.
Prior to joining Orascom Investment Holding, Mr. Nassif had been the Legal & Regulatory Director for the Egyptian Company for Mobile Services, (Mobinil), since 2007. Before joining Mobinil, he headed the Legal & Compliance Department in Egypt and the United Arab Emirates at Barclay’s Bank. Prior to that, Mr. Nassif acquired experience in the Gulf Region in his role as the Legal Advisor of Almana Group in
Qatar where he spent 6 years before joining Orascom Telecom Holding as a corporate lawyer for 2 years.
Mr. Nassif acquired his MSc. degree in 1994 in International Business Law from the “Institut de Droit des Affaires Internationales” from Cairo University and the University of Paris-Dauphine and acquired his bachelor’s degree in law from Alexandria University in 1991.
Non-Executive Board Member
Mr. Mohammed Hamdan Ashmawy has over 40 years of diversified experience in the financial sector in areas including banking management, merger and acquisition, investment restructure, insurance and consumer finance.
Mr. Ashmawy held the position of Executive Director at Tahya Misr Fund until early 2018 during which he was also a member of the board of directors of the Tahya Misr Holding Company for Investment and Development. Prior to that, Mr. Ashmawy was the Chairman and Managing Director (MD) of the United Bank of Egypt until 2006 and the First Deputy Chairman and MD of the Commercial International Bank before then from 2002 – 2006. He also chaired the board of Dyar real estate, was the deputy chairman of Misr El Kheir and was a member of numerous boards including Nasser Social Bank, the Egyptian Union Chamber of Commerce and the Cairo Chamber of commerce.
Mr. Ashmawy acquired his Bachelor’s degree of Commerce in Accounting in 1975, studied computer at the American University in Cairo in 1980 and banking credit at Chase Manhattan Bank in 1986.
Non-Executive Expert Board Member
Hassan Abdou is an experienced CEO, investor, entrepreneur and operations manager with 30 years of work experience. He first joined the Sawiris group in 2003 as Chief Executive Officer of Weather Investments II and Gemini Technologies overseeing a diversified portfolio of investments. In 2005, he led the buy side team and was instrumental in the largest LBO in European history when Weather Investments bought Wind Telecom of Italy for a total amount exceeding 17 billion Euros. Wind Telecom was operationally and financially restructured and sold as part of a larger telecom asset in 2010. In his tenure with the group he ran several major acquisitions and exits for the family. In 2017, Mr. Abdou rejoined the Sawiris group in the position of Executive Chairman of the family office Gemini Holdings.
In 2011, Mr. Abdou was appointed to the Advisory Board for the Business School of the American University in Cairo and is on the management and advisory boards of various companies around the world. From 2011 until 2017 he was an independent, private equity investor doing various deals in the Middle East, Europe and the US. He began his career in 1991 in project management with ExxonMobil in the US and Europe and later as management consultant in the Boston Consulting Group's New York office. He later went on to be Fund Manager of the Horus Private Equity Fund in Egypt and Chief Investment Officer of EFG-Hermes Private Equity.
Hassan received a bachelor’s degree in mechanical engineering from the University of Pennsylvania and a bachelor’s degree in finance from the Wharton Business School. He later went on to earn an MBA from the Harvard Business School.