English (United States)

About

Transforming Opportunity
into Value

Through strategic investment and operational management expertise.

Orascom Investment Holding holds the legacy of the region’s most successful investor focusing on telecoms operations. As the company recently shifted its focus from telecoms to diversify its investments into a number of industries that are critical to the future, we continue to rely on our strong ability to identify opportunities and our exceptional operational management expertise to turn them into market-leading global businesses.

Every business, we invest in, we believe in.

We seek to invest in sectors where we see the potential to make a real difference. By relying on our extensive management and operational expertise, we work closely with our partners to transform these investments into market-leading operations. Through innovation and agility we always seek to provide better faster solutions to develop a more successful business model. Our ultimate goal is to maximize value for our shareholders and create a lasting impact on the industries in which we operate and the communities in which we live.

History &
Milestones

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2011

2012

2014

2015

2016

2017

2018

  • Orascom Telecom Holding (OTH) established as an IT and telecom leader in Egypt, led by the Sawiris family

  • Commencing GSM operations by acquiring 51% of ECMS (Mobinil) with France Telecom and Motorola, Egypt

  • Acquisition of a controlling stake in JMTS-Fastlink in Jordan

  • Acquisition of 38.6% stake in PMCL – Mobilink in Pakistan

  • Acquisition of 80% stake in Telecel including 11 licenses in Benin, Burkina Faso, Burundi, Central African Republic, Ivory Coast, Democratic Republic of Congo, Gabon, Togo, Uganda, Zambia and Zimbabwe

  • Acquisition of Greenfield license in Yemen

  • OTH floats on the Cairo, Alexandria as well as London Stock Exchange

  • BOT contract awarded in Syria

  • Acquisition of Greenfield license in Algeria

  • Increasing stakes in Fastlink - Jordan to 91.6%, in ECMS - Egypt to 31.26% and in PMCL – Pakistan to 88.69%

  • Acquisition of Greenfield license and the establishment of a joint venture with Wataniya to operate its GSM license in Tunisia

  • Restructuring of 12 operations under Telecel in sub-Saharan Africa

  • Sale of Fastlink – Jordan for 423M USD

  • Acquisition of Greenfield license in Iraq

  • Sale of seven GSM assets in sub-Saharan Africa

  • Acquisition of Banglalink in Bangladesh

  • Sale of Oasis Telecom in the Democratic Republic of Congo

  • Sale of Libertis Telecom in Congo Brazzaville

  • Increasing stake in OTA- Algeria to reach 96.81%

  • Acquisition of minority stakes in PMCL - Pakistan, leading to 100% indirect ownership of share capital of Mobilink

  • Sale of Iraqna for $1.2 billion in Iraq

  • Acquisition of Greenfield license in the Democratic People's Republic of Korea

  • Participation in a consortium with Globalive Communications Corporation to create a new wireless operator in Canada

  • Acquisition of telecom operators U-Com and Telecel in Burundi and Central African Republic by the majority-owned subsidiary Telecel Globe

  • Acquisition of Cell One in Namibia by the majority-owned subsidiary Telecel Globe

  • Management contract awarded for Alfa in Lebanon

  • Internal reorganization leading to the establishment of two separate companies; OTH and Orascom Telecom Media & Technologies (OTMT), paving the way for a merger with Vimplecom Ltd

  • Move of media and technology assets in Egypt, North Korea, Pakistan, and all North African and Middle Eastern countries under OTMT

  • Merger of Wind Telecom, the mother company of OTH with Vimplecom Ltd creating the world's sixth-largest mobile telecommunications provider with 86 million subscribers

  • OTMT starts trading on the London Stock Exchange

  • Disposal of Medcable

  • Disposal of the majority of our stake in the Egyptian Company for Mobile services (Mobinil)

  • Disposal of non-core assets owned by OT Ventures

  • Launch of MENA Submarine Cable by OTMT

  • Board approval to diversify the company’s portfolio from telecom and IT only into other sectors of operations

  • Acquisition of Beltone Financial Holding

  • Disposal of the remaining investment in Mobinil to Orange

  • Real Estate investment in Sao Paulo Brazil

  • Beltone Financial Holding's acquisition of 60% of Auerbach Grayson, a New York-based brokerage and placement firm

  • Initiation of the acquisition of the Giza Pyramids Sound & Light show concession by OTMT’s subsidiary INARA

  • Acquisition of a controlling stake in Riza Capital Brazil, an investment bank specializing in Mergers and acquisitions.

  • Exploration of opportunities in the agribusiness sector in West Africa begins

  • Sale of MENA Cable

  • Orascom Telecom Media & Technologies Holding (OTMT) changes its name to Orascom Investment Holding

  • Signing of USD 170 Million Finance Facility with Afreximbank

  • Acquisition of 30% stake of Sarwa Capital, a leading provider of consumer and structured finance solutions

  • Signing Contract to provide visitor services at the Giza Pyramids Plateau

Board Members

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.

Naguib Sawiris

Executive Chairman

Tamer El-Mahdi

Group CEO

Akil Beshir

Non-Executive Vice Chairman

Iskandar Shalaby

Non-Executive Expert Board Member

Ayman Soliman

Non-Executive Expert Board Member

Dr. Sameh El Torgoman

Non-Executive Expert Board Member

Ashraf Salman

Non-Executive Expert Board Member

Oussama Daniel Nassif

Chief Legal Officer

Mohammed Hamdan Ashmawy

Non-Executive Board Member

Naguib Sawiris

Executive Chairman

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.
Mr. Sawiris is Executive Chairman of Orascom Investment Holding, a holding company investing in industries that are critical to shaping the future, including financial services, food industries, real estate development, cultural development, logistics and transport.
Mr. Sawiris is Chairman of La Mancha Holding, the private natural resource investment vehicle of the Sawiris family group with equity investments in Evolution Mining, Endeavour Mining and Golden Star Resources.
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 Group’s Africa Advisory Group, External Advisory Council to the Global Institute for Advanced Study at NYU, the Boards of Trustees of Nile University (NU), 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.

Tamer El-Mahdi

Group CEO

Eng. Tamer El Mahdi has more than 25 years of experience in multi-national companies with a special focus on investment activities in different sectors, planning and developing corporate strategies and implementing those strategies practically in the form of implementing a set of projects aimed to develop and transform operations to achieve the desired objectives of investment in these companies.
Eng. Tamer El Mahdi is the CEO and Managing Director of Orascom Investment Holding Group. In addition, he is the Chairman of a number of its subsidiaries focusing on the development, investment and management of projects in various sectors including communications, investment and finance services, food industries, logistics and real estate development.
Eng. Tamer El Mahdi has previously taken the post of Chief Executive Officer and Managing Director of a number of companies, such as O-Capital for Investment and Orascom Telecom in Algeria (DJEZZY), the largest mobile network in the Middle East and North Africa. He also held executive positions at Lucent Technologies and AT & T.
Mr. El Mahdi holds an M.Sc. in Electric and Electronic Engineering from « California State University LA », Masters in Project Management from the « George Washington University », MBA in the International Business from « Maastricht School of Management » and a B.Sc. in Electric and Electronic Engineering from « Cairo University ».

Akil Beshir

Non-Executive Vice Chairman

Eng. Akil Beshir serves 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.

Iskandar Shalaby

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.

Ayman Soliman

Non-Executive Expert Board Member

Mr. Ayman Soliman is the Chief Executive Officer (CEO) of Gemini Holding, a company investing in various industries including technology, banking, real estate development and food processing.
During his career in investment banking and private equity, Mr. Soliman had extensive exposure in the fields of mobile and fixed telecom, software development, web commerce, marine fiber optic networks, broadband, construction and industrial operations.
Prior to joining Gemini, Mr. Soliman headed Orascom Telecom Holding’s (OTH) corporate strategy team where he spearheaded the formulation creation of the business development strategy for the company.
In addition to his role in the acquisition of Wind Telecom, by Weather Investments II in 2005, Mr. Soliman also helped formulate the turnaround strategy of Wind Telecom. The business developments roadmap also led to several successful acquisitions which resulted in expanding OTH’s footprint in Asia.
Prior to joining OTH, Mr. Soliman had a career in Investment Banking, where he closed numerous IPO’s and M&A transactions spanning technology, food, and building materials sectors. Moreover, as Vice President of EFG-Hermes Private Equity, focused on managing technology funds, and with a genuine interest in Technology, he worked on M&A transactions for the region’s leading telecom and technology
conglomerates.
Mr. Soliman holds an MSc. degree in International Business and Finance and a BSc. degree in Economics with a Minor in Computer Science, both from the American University in Cairo.

Dr. Sameh El Torgoman

Non-Executive Expert Board Member

Dr. Sameh El Torgoman is the Chairman of Beltone Financial Holding. Prior to that, he was the non-executive Chairman and co-founder of Act Financial. Before then, Dr. Torgoman held the position of Chairman at the Cairo and Alexandria Stock Exchange for 8 years. Prior to that, he served as Chairman to multiple institutions including Tamweel Mortgage Finance, the Egyptian Competition Authority and the Egyptian Mortgage Finance Authority (MFA).
Dr. Torgoman acquired his PhD. from Stanford Law School in 1997 and his LLM from Harvard Law School in 1990.

Ashraf Salman

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.

Oussama Daniel Nassif

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.

Mohammed Hamdan Ashmawy

Non-Executive Board Member