Orascom Development Holding AG: Annual General Meeting approves all Board of Directors proposals
Orascom Development Holding AG / Key word(s): AGM/EGM/AGM/EGM
Press Release: Annual General Meeting approves all Board of Directors proposals
Altdorf/Cairo, 9 May 2017 - The Ninth Annual General Meeting of Orascom Development Holding AG (Orascom Development) was held today in Altdorf, Switzerland. In total, 255 shareholders took part in the Annual General Meeting.
All proposals put forward by the Board of Directors were approved by a clear majority.
Orascom Development 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. Orascom Development's diversified portfolio of destinations is spread over seven jurisdictions (Egypt, UAE, Oman, Switzerland, Morocco, Montenegro and United Kingdom), with primary focus on touristic destinations. The Group currently operates ten destinations; five in Egypt (El Gouna, Taba Heights, Fayoum Makadi, and Harram City), The Cove in the United Arab Emirates, Jebel Sifah and Salalah Beach in Oman, Luštica Bay in Montenegro and Andermatt in Switzerland. Orascom Development has a dual listing, with a primary listing on the SIX Swiss Exchange and a secondary listing on the EGX Egyptian Exchange.
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|Company:||Orascom Development Holding AG|
|Phone:||+41 41 874 17 17|
|Fax:||+41 41 874 17 07|
|Listed:||SIX Swiss Exchange|
|End of Announcement||EQS Group News Service|