Orascom Hotels and Development
| Orascom Hotels and Development SAE | |
|---|---|
| legal form | Corporation |
| ISIN | EGS70321C012 |
| Seat |
 Egypt , Cairo
|
| management | Samih Sawiris , Chairman |
| Branch | Hotel chain |
| Website | www.orascomhd.com |
Orascom Hotels & Development SAE (OHD) is an Egyptian hotel group and is managed by Samih Sawiris , one of the sons of Onsi Sawiris . It has hotels in Egypt , Jordan and the United Arab Emirates .
In 2006 Samih Sawiris announced that he intended to invest $ 500 million in the Andermatt winter sports area in Switzerland . With the initiation of the Andermatt project and the establishment of Orascom Development Holding AG , the group's headquarters were relocated to Altdorf in Switzerland in March 2008. In May 2008, the new company was floated on the stock exchange through an IPO . The IPO also included an exchange offer for the previous shareholders of Orascom Hotels and Development, which will henceforth be run as a subsidiary of Orascom Development Holding.
See also
- Orascom Construction Industries
- Orascom Development Holding
- Orascom Technology Solutions
- Orascom Telecom Holding