Orascom Development Holding AG...Foundation Development of Taba Heights on the Gulf Aqaba (Sinai...

Orascom Development Holding AG

April 2016

2

Agenda

ODH: Leading Developer of Fully Integrated Towns

Projects Overview

Operational and Financial Summary

Appendices

Page 3

2

Page 37

Page 10

Page 21

3

ODH : Leading Developer of Fully Integrated Towns

4

Over 20 years ago, Orascom Development’s founder Samih O. Sawiris had a simple idea – to create a little piece of paradise on the exquisitely desolate Red Sea coast. This initial thought evolved over the years and became our principle.

1989

1991

1997

EGYPT

1998

2005

2006

2007

2008

2009

2010

2013

Year ofFoundation

Developmentof TabaHeights on theGulf of Aqaba(SinaiPeninsula)

The Cove in Ras AlKhaimah (U.A.E.) thefirst destinationoutside of Egypt, alease agreementwith the Gov. todevelop AmounIsland, 22,000 m2

Project announcementof Haram City (Egypt),Jebel Sifah & SalalahBeach (Oman); signingof agreements forAndermatt (CH) &Chbika (Morocco)

New projects inCornwall (UK) & LušticaBay (Montenegro) &launch of Makadi Bay,28 km away fromHurghada

Samih O. Sawiris becomesmajority shareholder of ASA;sale of Romania project toSamih O. Sawiris & OrascomHotel Management (OHM)was established to managethe Group’s Hotel inventory

First phase ofEl Gouna flagshipproject becomesoperational

Agreement toparticipate in thedevelopment ofTala Bay, Jordan& Awarded 1.2million sqm inFayoum, Egypt

Orascom signsdevelopmentagreements withthe OmaniGovernment forfour projects

Established ODH,acquired 99.7% of OHDthrough a tender offerHeadquarter is movedto Altdorf (CH), listingon the SIX SwissExchange

Initiation of affordablehousing project inConstanta (Romania) &Allocated 0.8 million m2 inthe Qena Governorate , thesecond budget housingproject in Egypt

So far, we have successfully implemented this concept in Egypt, Jordan, UAE, Oman, Switzerland and in other projects under development in Europe

2014

Deconsolidation of OrascomHousing Communities(OHC)& its subsidiaries;budget housing andconstruction & Sale ofCMAR (Mauritius Club Med)

INTERNATIONAL EXPANSION

History- How it all started

2015

ODH sells 15%stake in OHD toreactivate itstrading,resumption oftradingeffective 6th

January 2015 &Sale of Tala Bayhotel in Jordan

5

One of The Largest LandBanks100.2 million sqm, out of which 68.0million sqm is still undeveloped

3 to 5Star HotelsTo suit differentstandards

Continuous Progress on Strategy ExecutionAchieved all communicated targets of 2015

39AwardsDuring 2015 for ourhotels

The Only Leading Developer of FullyIntegrated TownsIncluding Real Estate, Hotels. activities, marinasLeisure, golf courses, hospitals , schools & allsupporting infrastructure

Dual listing on SIX and EGXwith 40,409,926 outstanding shares

Approx. 9,116 Employees As of December 31st, 2015

Spearheaded by a seasoned Executive Management Teamwith unparalleled expertise in the travel , tourism and real estate sector level

MORE THAN

Over 25YEARS

DEVELOPMENT EXPERIENCE

One of The Largest HotelsPortfolio32 hotels with 7,759 rooms

Loyal ShareholderBaseBeen with the company for over 7 years

59%Of our hotels in Egypt are certified withGreen Star

8 Operating DestinationsEl Gouna, Taba Heights, Makadi, &Haram City (Egypt) , Jebel Sifah & SalahBeach (Oman), The Cove (UAE), andAndermatt (Switzerland)Other destinations in different stages ofdevelopment

Real Estate Sales over CHF 2.0bnSince 1997

Orascom Development Holding AG Today

6

70.0%-

0.8

1.5

1.5

- 0.5 1.0 1.5 2.0

City Walk

As Sodah Island

Jebel Sifah

Salalah Beach

0.04

0.2

4.5

10.6

- 5.0 10.0 15.0

City Walk

As Sodah Island

Jebel Sifah

Salalah Beach

0.06

0.08

0.34

-

0.02

1.2

- 0.5 1.0

Qena Gardens

Fayoum

Haram City

Makadi

Taba Heights

El Gouna

35.3%

35.3%

0.07

0.17

0.0018

0.0

5.48

- 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0

Qena Gardens

Fayoum

Haram City

Makadi

Taba Heights

El Gouna

0.04

1.0

6.20

13.60

- 5.0 10.0 15.0 20.0

City Walk

As Sodah…

Jebel Sifah

Salalah Beach

-

-

-

0.2

- 0.5

City Walk

As Sodah Island

Jebel Sifah

Salalah Beach

-

-

0.20

1.30

- 0.5 1.0

City Walk

As Sodah Island

Jebel Sifah

Salalah Beach

40.30

0.0 1.0 2.0 3.0 4.0

The Cove

70.0%

-

-

67

700

0 200 400 600

City Walk

As Sodah Island

Jebel Sifah

Salalah Beach

71.0%

-

-

67

300

0 50 100

City Walk

As Sodah Island

Jebel Sifah

Salalah Beach

-

0 0.2 0.4 0.6 0.8 1

Andermatt49.0%

-

0 0.2 0.4 0.6 0.8 1

Lušt ica

-

0 0.2 0.4 0.6 0.8 1

Andermatt

49.0%

-

-

-

1,538

1,279

0 100 200 300 400 500 600 700

Qena Gardens

Fayoum

Haram City

Makadi

Taba Heights

El Gouna

71.0%

70.0%

87.0%

-

0 0 0 1 1 1

Andermatt

-

0 0 0 1 1 1

Lušt ica

100

0 100 200

Andermatt0.1

0.0 0.5

Andermatt

6.48

- 5.0 10.0

Lušt ica

70.0%

1,144

2,365

2,627

0 500 1,000 1,500 2,000 2,500 3,000

Qena Gardens

Fayoum

Haram City

Makadi

Taba Heights

El Gouna

0.78

0.69

0.16

2.92

1.69

21.28

(1.0) 4.0 9.0 14.0 19.0 24.0

Qena Gardens

Fayoum

Haram City

Makadi

Taba Heights

El Gouna 84.7%

12.0

- 5.0 10.0 15.0

Chbika

90.9%

0.1

0.0 0.2

Andermatt

0.3

- 0.5

Lušt ica

57.0%

63.1%

83.8%

-

- 0.2 0.4 0.6 0.8 1.0

Chbika

0.0

0.25

1.93

0.47

2.56

8.96

- 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0

Qena Gardens

Fayoum

Haram City

Makadi

Taba Heights

El Gouna

0.84

1.08

2.60

3.39

4.27

36.92

- 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0

Qena…

Fayoum

Haram City

Makadi

Taba Heights

El Gouna

67.0%

1.3

- 1.0 2.0

Andermatt -

- 0.2 0.4 0.6 0.8 1.0

Andermatt1.5

0.0 5.0

Andermatt

0.02

0.0 0.2 0.4 0.6 0.8 1.0

Lušt ica 0.1

- 0.1 0.1 0.2

Luš

tica

-

0.0 0.2 0.4 0.6 0.8 1.0

Chbika

0.3

0.0 0.5 1.0

The Cove

-

0.0 0.2 0.4 0.6 0.8 1.0

Eco-Bos

Completed

346

0 200 400

The Cove73.0%

Land Bank (mn sqm) Hospitality Portfolio

Total Land Bank

Egypt

Oman

Morocco

Montenegro

Switzerland

UK

Rooms Operated by ODH

Hotel Blended Ownership % 10

ODH Blended Ownership %

15.0

- 5.0 10.0 15.0 20.0

Chbika -

0 0 0 1 1 1

Chbika -

0 0.2 0.4 0.6 0.8 1

Chbika

6.90

- 2.0 4.0 6.0 8.0

Luštica

6.54

- 5.0 10.0

Eco-Bos

-

0 0.2 0.4 0.6 0.8 1

The Cove

49.0%

55.0%

75.0%

Under Construction2

-

- 0.2 0.4 0.6 0.8 1.0

Chbika

-

- 0.2 0.4 0.6 0.8 1.0

Eco-Bos

-

0.0 0.2 0.4 0.6 0.8 1.0

The Cove

Under Development3

3.0

- 0.5 1.0 1.5 2.0 2.5 3.0 3.5

Chbika

-

0.0 0.2 0.4 0.6 0.8 1.0

Eco-Bos

-

0.0 0.2 0.4 0.6 0.8 1.0

The Cove -

0.0 0.2 0.4 0.6 0.8 1.0

Marina Plaza

Undeveloped

6.54

- 5.0 10.0

Lušt ica

4

Number of Rooms

1

1

2

1

3

100.22 17.29 6.02 8.90 7,759 9 4,29768.00

-

8

ODH’s Projects at a Glance

1 Leasehold agreement2 Usufruct Agreement3 Leasing and Development Agreement4 Lease Agreement5 Any plot of land where infrastructure is completed and individual elements of the projects are under construction6 Any plot of land where infrastructure is under construction but not yet completed7 283 rooms are located in Makadi Project, while the 1,344 rooms are located within the Makadi Bay and 27 of Oberoi Zahra is a floating hotel on the Nile8 American call option (ending 2030) granting ODH the right to purchase part or all of the land plot. The company has donated 0.06 sqm of total land to the Cornwell council in 2014 to build a road9 Total excludes 100 rooms in Switzerland as it is not consolidated10 ODH Blended ownership (%) in the Hospitality Portfolio is calculated based on the Group’s weighted average stake of the hotels’ paid in capital in each destination

1,654 7

73.0%

UAE

1,113

7

New destination

identification acquisition &

initial concept

Hotel Operations

Real Estate

Operational Phase

Development Phase

Real Estate Owner Services

Destination Operations

Hotel Development

Destination Development

The Company Adopts a Unique, Vertically Integrated, Business Model Centered on Transforming Desolate Pieces of Land into Attractive, Self-sufficient, Resort Towns

Sub-development Controlled Sale of

Large Plots of Land to Third Party Developers

Land Value Creation

ODH’s business modelincorporates owning andmanaging the whole valuechain from the raw landacquisition to developing &operating real estate, hotels,and managing thedestination:

– Securing land at nominalcosts

– Control of entire valuechain from masterplanning andconstruction to operationof a destination

– Continuous pre-sales tofinance ongoinginvestments

In parallel, management hasrecently adopted the newstrategic notion of sellinglarge plots of land to thirdparty developers, in a moveto accelerate themonetization of land (Master-development), whileproviding strict developmentguidelines, to ensure controlover the development andmaintain the architecturalharmony of the destination

8

Business Segments - Overview

1 As of December 31, 20152 From 1997-2015 (gross number)3 Including all company support funcitions in Egypt, Oman, Morocco and Montenegro

Andermatt (Switzerland) OHC (Budget Housing) Tamweel; Financial Services

Company Master Development (ODM

Egypt)

820 retail outlets & 87 restaurants/bars

5 schools & universities

2 hospitals & 7 marinas,4 golf courses

1,422 employees 3

Destination Management

Public services &infrastructure maintaenance that includes:

Water Services

Sewage treatments

Electricty

1,863 employees

Hotels

32 Hotels , total of 7,759

rooms1

22 self managed, 10 under-

management

Orascom Hotels Management

(OHM) manages company’s

hotel inventory

5,333 employees

Revenues FY 2015CHF 124.2 mn

Real Estate & Construction

Land bank acquired at nominal costs

Sale of middle-to-upper scaleapartments and villas to private clients

In-house sales force as well as international distributionchannels

Off-plan sales with customerprepayments

Sales of CHF 2.06 Bn 2

498 employees

Revenues FY 2015 CHF 66.4 mn

Revenues FY 2015 CHF 15.6 mn

Land Sales & Other Investments

Revenues FY 2015 CHF 99.9 mn• Land Sales: CHF 67.6 mn• Tamweel: CHF 8.5 mn• Others: CHF 23.8 mn

http://www.orascomhd.org/C7/OD/Image Library/El Gouna - Red Sea/High Resolution/EG Marina Lifestyle.jpg

http://www.orascomhd.org/C7/OD/Image Library/El Gouna - Red Sea/High Resolution/EG Marina Lifestyle.jpg

9

Agenda


Projects Overview


Appendices

Page 4

Page 22

Page 37

Page 11

Page 22

10

Projects Overview

11

El Gouna - World Class Destination on the Egyptian Red Sea Coast

El GounaKey Facts

Visitors Breakdown by Nationality as of 2015

El Gouna Draws Most of its Clientele from Europe... Destination Update

Accelerating the construction of all launched projects during 2014,expecting to start delivery in Joubal by end of 3Q16, 6 monthsahead of schedule.

Launched 4 new real estate projects with a total inventory of USD93.4 million in 2015, introducing a new diversification of theproduct mix and different price ranges.

Launched Fanadir Bay Project in April 2016 with a total inventoryof USD 60.0 million.

Finalizing the construction of Ancient Sands hotel, to be launchedduring Q2 2016.

Signed two new sub-development agreements in El Gouna to sub-develop 110,196 m2 of land for a total value of USD 22.0 million.

2014

Global Green Town – El Gouna

Global Human Settlements

Award

Total land area : 36.92 million sqm , Developed: 14.44 million sqm, (39.1% developed)

Number of hotels and rooms: 16 hotels with 2,627 rooms ( four 5 *s , nine 4 *s and three 3*s)

A private , self-sufficient town built on 10 km of the Red Sea coastline and located north ofHurghada, 35km from the Hurghada International Airport

The town offers a range of facilities such as a hospital, two 18-hole championship golfcourses, three marinas, four schools, a library, and two universities branches

Hotel KPIs, CHF Real Estate KPIs

69 5354 52 52 49

91

51

59

47 4853

74%

56% 61%54% 59%

68%

0%

10%

20%

30%

40%

50%

60%

70%

80%

0

20

40

60

80

100

2010 2011 2012 2013 2014 2015

ARR TRevPar Occ. Rate

83.5

24.8 19.4 34.948.7

82.9

3.42.8

2.32.5 2.5 2.5

0.0

1.0

2.0

3.0

4.0

0

20

40

60

80

100

2010 2011 2012 2013 2014 2015Value of Contracted Units, CHFmn

Average Price/sqmNo of Units

, CHF 000’s

61 82 121211 47 163

2% 2%5%

5%

39%25%

22%

Russia

France

Belgium

UK

Germany

Egypt

Others

12

Taba Heights – Sinai’s Premium Destination

Taba Heights

Key Facts


Taba Heights Draws Most of its Clientele from Europe... Destination Update

Total land area : 4.27 million sqm, Developed: 2.56 million sqm, (60% developed)

Number of hotels and rooms: 6 hotels; 2,365 rooms (five 5* s and one 4 *s)

Taba Heights is situated between the mountain ranges of the Sinai Peninsula only 25 kmaway from Taba International Airport

The town offers a marina and a golf course alongside a wide range of facilities such as amedical center, child daycare services, a school, and a vibrant up-town center

Hotel KPIs, CHF

Taba hotels continued to suffer from travel bans to the Sinai Peninsula issuedby most Western European countries at the beginning of the year due tosecurity issues facing Sinai also due to the crash of a Russian airplane over theSinai Peninsula in October 2015.

As a results, five out of our six hotels are closed keeping only Sofitel Hotel openwith 442 rooms as we are continuing with the cost-cutting measures at TabaHeights

In the FY 15, net losses generated from Taba Heights hotels alone amounted toCHF 10.7 mn

46

50

5344

28

43

69

52 48

3718 18

74%

51%44%

41%

29%

20%

0%

10%

20%

30%

40%

50%

60%

70%

80%

0

20

40

60

80

2010 2011 2012 2013 2014 2015


4% 12%

21%

22%

11%

14%

1% 15%

Belgium

Russia

Jordan

Egypt

France

Israel

UK

13

Makadi - The First Gated Community In The Heart Of Hurghada

Makadi Key Facts


Total land area : 3.39 million sqm, Developed: 0.47 million sqm , (13.86% developed)

Number of hotels and rooms: One 4* hotel with 283 rooms + two 4 * & 5 * Azur Hotels inMakadi with a total of 830 rooms (Royal Azur, a 5 star Hotel (491 rooms) & Club Azur, a 4 starHotel (339 rooms)

Makadi is the first gated community in the Hurghada region, only 30 km away from HurghadaInternational Airport

The town resort features residential units and hotels, along with spacious commercial area, amedical center, among other services

Destination Update

Reviving the destination, expediting the design drawings for thedestination’s club house facility with plans to start its construction during2016

Hotels’ occupancies were affected by the recent plane crash in Sharm ElSheikh, whereby Russian market represented 47% of the guests in 9M15

Shut down two hotels (Makadi Gardens & Club Azur) until business is backto normal

We are compensating the lost Russian business from other source marketsby special promotional campaigns in the East European, German and localmarkets to fill in the business gaps

63.7 3.9 2.3 2.2 3.0 1.0

584

591

621

595 599

640

540

560

580

600

620

640

660

0

20

40

60

80

2010 2011 2012 2013 2014 2015

Value of Contracted Units, CHFmn

Average Price/sqm No of units

1,752 96 54 52 57 20

Real Estate KPIs

4834 30

40 33 32

74

36 40 38 39 41

84%

55%63%

51%61% 64%

0%

20%

40%

60%

80%

100%

0

20

40

60

80

2010 2011 2012 2013 2014 2015


Hotel KPIs, CHF

2% 1%

9%1%

32%

10%

45%

Ukraine

Belguim

Others

France

Germany

Egypt

Russia

14

Byoum – The Heart of Fayoum, On Lake Qarun

ByoumKey Facts

Total land area : 1.08 million sqm, Developed: 0.32 million sqm , (29.6% developed)

Number of hotels and rooms: One 4* hotel with 62 rooms (20 hotel rooms and & 42 hotelapartments, expected to be launched in Q1 2016

located 100 km southwest of Cairo in an ideal location overlooking the spiritual lake of Qarun. Plansare set to develop two luxury residential communities

Sales started in 2008, to date we have sold 116 units with a total value of EGP 131 mn (USD 16.9 mn)

Total remaining inventory is EGP 310 mn (USD 40.10 mn)

Finalizing the construction of Byoum Hotel, to belaunched during Q3 2016

Planning to launch new phases with a total inventory ofEGP 30 mn (USD 3.9 mn) during Q4 2016

Reviving the Destination

1. Byoum Main Gate 5. Beach Club

2. 4 Star Hotel 6. Commercial Area

3. Hunting Lodge

4. Pier

Master Plan

15

The Cove – A Highly Rated 5-Star Beachfront Getaway for Leisure and Relaxation

Taba Heights

Key Facts

Visitor's Breakdown by Nationality as of FY 2015 Destination Update

Total land area : 0.3 million sqm

The resort encompasses:

−A 346 room five star hotel managed by Rotana, an acclaimed operator in MENA and worldwide−188 villas−An employee residential compound comprised of 80 apartments;−A commercial center; and−A ~12,225 sqm vacant land plot, which is well positioned for various development options

ODH’s Management intends on converting the employee housing compound into an apartmenthotel, which will serve as an extension, adding 145 rooms to the hotel’s capacity

Hotel KPIs, CHF

169139

161 160 161 165188 182

215 217 203 196

63% 77% 81% 81% 75% 70%

0%10%20%30%40%50%60%70%80%90%

0

50

100

150

200

2010 2011 2012 2013 2014 2015


• Awarded the Luxury Coastal Resort Continent Winner-2015 World Luxury HotelAwards

• Finalizing the construction of 145 new rooms to be added to the hotel’sinventory and expected to be in during 2016

• Occupancy was affected post the ruble devaluation; however, the local & theGerman markets witness a gradual growth to compensate the lost Russianbusiness.

• Upgrading the hotel’s Staff Housing Complex in to a five-star extension, we used50 rooms from the existing Hotel to serve the employees which affected thetotal hotel’s performance. New Housing Facility opened in November 2015 andin Q1 16, occupancy recovered to report a growth from 67% to 77% y-o-y.

35%

46%

4%

3%12% United Arab Emirates

Germany

Switzerland

Austria

Others

16

106 111 116 119144

5276

82

81 100

25%

33%

27%

31% 33%

0%

5%

10%

15%

20%

25%

30%

35%

0

50

100

150

200

2011 2012 2013 2014 2015


Jebel Sifah- A Tranquil Haven

Jebel Sifah

Key Facts

Visitors Breakdown by Nationality as of FY 2015 Destination Update

Handed over 20 villas and 95 apartments.

Opened the floating fuel station on the marina

Progressing with the Golf Course construction, completed its design andrough shaping & finalized 5 holes out of the first 9 holes

Infrastructure completed in the main resort boulevard and different villazones including water plumping, electrical linkage and landscape

Opened “Extra Divers” dive center

Revisiting the masterplans for Sifah to optimize more land use

Total land area: 6.2 million sqm , Developed: 0.2 million sqm, (3.2% developed)

6 hotels (1,062 rooms), of which the Sifawy Boutique Hotel is already operational, with a capacity of67 rooms. Four Seasons , Banyan Tree Hotels & Resorts & Anatara, among other players, areexpected to operate hotels in Jebel Sifah

Located between the marine life rich Indian Ocean and the breathtaking Hajjar Mountains (thehighest in the Arabian Gulf), Jebel Sifah is a charming resort town located 30 km from the OmaniCapital’s city center

The town will encompass 950 residential units, including already 18 completed apt blocks, Inlandmarina, a 18-hole championship golf courses designed by Peter Harradine, commercial centers


7.4

10.5

5.73.6 4.3

2.52.5 2.4

2.9

2.4

2.0

2.2

2.4

2.6

2.8

3.0

0

2

4

6

8

10

12

2011 2012 2013 2014 2015Value of Contracted Units, CHFmn

Average Price/sqmNo of Units

, CHF 000’s

12 5 515 15

61%9%

7%

5%

3% 14%Oman

Germany

Switzerland

France

United Kingdom

Others

17

128113

141

110

74

9597

102

39%

47%33%

54%

0%

10%

20%

30%

40%

50%

60%

0

50

100

150

2012 2013 2014 2015


Salalah Beach – A Self-sufficient Tropical Oasis on the Arabian Sea

SalalahBeach

Key Facts

Visitors Break Down by Nationality as of FY 2015 Destination Update

We are planning to start the construction of the new waterpark in SalalahBeach towards the end of the year with a capacity to hold up to 1,500 visitors

Implemented the Sale and Leaseback system at Al Fanar Project with 45 offplan units

Salalah Beach, marked the completion of the 700-room phase one milestoneof our Omani hotel development plan with the opening of Al Fanar Hotel &Residence, a 218-room in December 2015. In Q1 16, the Hotel reported anaverage occupancy of 81%

Activated a CHF 1.0 mn worth commitment deal with Eden Viaggi; an Italiantour operator, for Al Fanar Hotel, whereby the latter is currently selling AlFanar as one of its Ten Premium Properties worldwide

Total land area: 13.6 million sqm , Developed: 1.5 million sqm, (11.0% developed)

7 hotels (1,800 rooms), of which the Juweira Boutique , Al Fanar Hotel and Rotana are alreadyoperational, with 82 rooms, 218 rooms and 400 rooms, respectively. Mövenpick and Club Medare expected to open their doors, each operating ~395 rooms

The town will encompass, residential units, 200 berth marina; the Marina Town where 45 shopsare already operating, commercial centers and a water park

The destination is located only 25 km away from Salalah Airport and approximately 90 minutesflight from most GCC countries


5.9 3.7 3.7

10.3

4.1

2.22.0

2.4

4.0 3.7

0.0

1.0

2.0

3.0

4.0

5.0

0

2

4

6

8

10

12

2011 2012 2013 2014 2015

Value of Contracted Units, CHFmn

Average Price/sqm

No of Units

, CHF 000’s

9 41 15820

36%

19%

20%

13%

5%

3% 2% 2%Germany

Oman

Others

Italy

United Arab Emirates

Saudi Arabia

Switzerland

Kuwait

18

Lustica Bay – Montenegro

Lustica Bay Key

Facts

Located in Montenegro on the Adriatic Sea, with a land bank of 6.9 mn sqm, Developed: 0.12million sqm, (1.7% developed)

The land is held on a leasehold agreement for 99 years starting 2009. The company starting2014 will pay an annual rent fee of EUR 1mn per year for a period of 10 years

The project is planned to include 1,820 residential units, 7 hotels with a total capacity of 1,200rooms and two world-class marinas with an operating capacity of 226 berths, 18-holechampionship golf Course (Gary Player Signature Course)

Construction started in Sep 2013. In less than two years, Lustica is now an operatingdestination & an emerging new town with residents moving in their homes in the summer of2015

Real Estate KPIs

No of Units

First two buildings clusters (10 buildings comprising 70 apartments) have been fully finished and deliveredin August, with residents moving in the summer of 2015

The foundation of the next two buildings & first Villa clusters have started, with planned completion datesin Q4 2016 and Q2 2017

80% of the main marina works have been completed, with an expected operating date of March 2017

Excavation works for the Golf Course is completed and the construction permit has been obtained (the firstGolf Course permit in Montenegro)

Design works for the first Marina Hotel is done, with an expected operating date of summer, 2017 for thefirst phase and the rest by summer 2018

Emerging New Town

, CHF 000’s

15.419.1

22.0

11.1

4.1 4.34.4

4.8

3.6

3.8

4.0

4.2

4.4

4.6

4.8

5.0

0

5

10

15

20

25

2012 2013 2014 2015Value of Contracted Units, CHFmn

Average Price/sqm

414843 24

19

Chbika1

Located South of Agadir on the Atlantic Ocean, Chbika has a total land bank of 15mn sqm splitinto two phases with land areas of 5.0 mn sqm and 10.0 mn sqm, respectively

Chbika’s plan encompasses mix of villas apartments and mansions, in addition to 3 hotels witha total capacity of 1,000 rooms

Ongoing negotiations for raising the needed funds to develop the 3 hotels in addition tofinishing the marina and the first 9 holes of the golf course

Overview

1 The project has been granted the status of new integrated tourism zone. The project company has the right to acquire and transfer freehold title to the land area of approximately fivemillion m2 (Phase 1) and approximately ten million m2 (Phase 2) subject to certain conditions, except for golf areas which will be subject to long term lease agreements. The projectcompany has the right to transfer its rights under the development agreement subject to certain conditions.2 American call option (ending 2030) granting ODH the right to purchase part or all of the land plot

Other Projects

Overview

Eco-Bos2

Located in the UK, Eco-Bos is one of four projects to receive the ‘Eco-town’ accreditation The project, comprising seven land parcels, includes the redevelopment of 700 hectares of

former industrial land, developing 5,500 new homes and creating over 5,000 jobs Designed to deal with dispersed rural travel and deliver a highly sustainable transportation

network Low Carbon Communities, Building energy and resource efficient homes with computer-based

technologies to efficiently manage energy and water resources

Andermatt

Overview

Andermatt Swiss Alps is a first-rate holiday destination with a land bank of 1.5 mn sqm offeringbroad activity and lifestyle pursuits

The project is planned to include 490 apartments, 25 exclusive villas, and 6 hotels with acapacity of 844 rooms and a ski arena

In Dec 2013, ASA opened its first 100-room, 5-star deluxe hotel operated by The ChediAndermatt

Mr. Samih Sawiris has become the new majority shareholder of ASA with a 51% share byconverting his loans to the Group into ASA equity, ODH now is owns 49% and ASA isdeconsolidated from the Group’s financials

20

As Sodah Island, Oman

A secluded island covering 11 million m2, As Sodah is located off the southern coast of Omanopposite Salalah Beach.

The Island is set to be the region’s niche destination, comprising a luxury boutique hotel. Thehotel spans an area of 1.0 million m2 and features exclusive pavilions with swimming pools andprivate access beach. The hotel’s plan also includes a main lodge and a spa.

Overview

Other Projects

Overview

City Walk, Oman

City Walk Muscat is the awaited vibrant Downtown City Complex; in the Seeb area, serving thecosmopolitan capital city of Oman, Muscat.

The land covers an area of approximately 47,000 m2, ODH is planning to develop one of thebiggest commercial/touristic complex in the Middle East spanning a beach-front area ofapproximately 350 metres.

Amoun Island, Egypt

Overview

Orascom Development entered into usufruct agreement with the Egyptian Government in2005 to develop Amoun Island.

The island is situated off the main Nile river bank in Aswan and has a total project area of22,000 m2.

The destination plan presents an exclusive luxury boutique-style hotel to be operated byCheval Blanc (Group LVM H), accommodating 38 luxurious suites with lounge areas privatepools, an exquisite-cuisine restaurant, lounge bar, wine cellar, private library and six starservice.

21

Agenda


Projects Overview


Appendices

Page 4

Page 22

Page 37

Page 11

Page 22

22

Operational And Financial Summary

23

ODH financial results

56 5965

57 60 57 56 57

40

60

80

2008 2009 2010 2011 2012 2013 2014 2015

Contracted sales (CHF mn)

TRevPAR 1

8162

7656 57 51 50 56

0

50

100

2008 2009 2010 2011 2012 2013 2014 2015

8169

87

57 61 51 47 55

0

50

100

2008 2009 2010 2011 2012 2013 2014 2015

336

136 173115

213

66 88 106

0

100

200

300

400

2008 2009 2010 2011 2012 2013 2014 2015

668

317 297152 184 204 265

254

0

200

400

600

800

2008 2009 2010 2011 2012 2013 2014 2015

2.63.2

4.4

5.36.9

2.5 2.62.5

0

2

4

6

8

2008 2009 2010 2011 2012 2013 2014 2015

Number of units sold

Average selling price (CHF’000’/m2)

Occupancy rate (%)

Average room rate (CHF)

1 Total Revenue per available room

* Revenues and KPIs of Citadel Azur, five –stars hotel with 513 rooms was added back to ODH’s hotel portfolio in FY14, post the settlement reached with Falcon Hotels

24

Business Segments FY 2015

Revenue EBITDA Adj. EBITDA*

(CHF mn) FY 2015 FY 2014 Δ in % FY 2015 FY 2014 FY 2015 FY 2014

Hotels 124.2 118.9 4.5% 13.1 26.0 18.1 18.2

Real Estate & Construction 66.4 72.9 (8.9)% 20.4 18.9 16.2 20.3

Land 67.6 13.7 393.4% 68.5 11.2 68.6 12.0

Destination Management 15.6 13.4 16.4% (5.0) 1.1 (3.9) (2.1)

Other Operations 32.3 31.7 1.9% 7.9 16.6 8.3 9.0

Corporate & Unallocated Items - - - (63.7) 31.4 (26.5) (32.8)

ODH Group 306.1 250.6 22.2% 41.2 105.2 80.8 24.6

* Adjusted EBITDA: EBITDA adjusted for non cash items (which includes provisions & impairments, other gains and losses, FX losses & share in associates)

25

Real Estate KPIs FY 2015Value of contracted

units (CHF mn)Number of

contracted unitsAverage Selling Price

(CHF/m2)Value of deferred Income (CHF mn)

Country Destination FY 15 FY14 FY 15 FY14 FY 15 FY14 FY 15 FY14

Egypt El Gouna 82.91 48.7 183 121 2,541 2,497 83 52

Fayoum 0.2 - 3 - 539 - 3 4

Makadi 1.0 3.0 20 57 640 599 1 1

Gardania 2.7 - 4 - 1,329 - - -

Oman Jebel Sifah 4.3 3.6 5 5 2,381 2,857 17 27

Salalah Beach 4.1 10.3 15 41 3,685 4,042 16 21

U.A.E The Cove - - - - - - - -

Montenegro Luštica Bay 11.1 22.0 24 41 4,812 4,390 27 46

Morocco Chbika - - - - - - - -

ODH Group 106.31 87.6 254 265 2,543 2,625 147 151

Numbers net of cancellations2:

ODH Group 68.8 76.6 180 215

1 Includes CHF 11.5 million sale of Mansions.

2 Cancellations of the accumulated sales from prior periods.

26

Deferred Revenue Recognition Schedule

(CHF mn)

Country DestinationDeferred Revenue

Balance2016 2017 2018

Egypt El Gouna 83.71 33.14 33.88 16.69

Fayoum 3.21 2.64 0.57 -

Makadi 0.53 0.39 0.14 -

Total Egypt 87.45 36.17 34.59 16.69

Oman Jebel Sifah 16.95 9.53 3.31 4.11

Salalah Beach 15.86 13.93 - 1.93

Total Oman 32.81 23.46 3.31 6.03

Montenegro Lustica Bay 27.05 - 25.65 1.40

ODH Group Total Group 147.31 59.65 63.55 24.12

27

Real Estate and Land Performance

Real Estate

Real Estate sales during FY 15 reached CHF 106.3 million, an increase of 21.3% from the same period last year, which reached CHF 87.6

million, with the major contributor being El Gouna.

Cash Collections from real estate sales in FY 2015 reached CHF 76.2 million.

Real Estate segment revenues reached CHF 66.4 million vs. CHF 72.9 million in FY 2014.

El Gouna, Egypt

Launched 4 new real estate projects in El Gouna with a total inventory of USD 93.4 million in 2015, introducing a new diversification of

the product mix, different price ranges, attracting a new target age.

Launched Fanadir Bay project in April 2016 with a total inventory of USD 60.0 million.

Accelerated the construction of all launched projects during 2014, expecting to start delivery in Joubal by Q2 2016, 6 months ahead of

schedule.

Sifah and Salalah, Oman

Jebel Sifah, Oman progressing with the launch of phase 1 of the Sifah Golf course and expediting deliveries.

Revisiting the masterplans for Salalah and Sifah to optimize more land use.

Lustica Bay, Montenegro

Completed the first 10 apartment buildings in the Marina Village, welcoming Lustica’s first residents and commencing its first

operational summer.

Land

Signed two new sub-development agreements in El Gouna to sub-develop 110,196 m2 of land for a total value of USD 22.0 million.

28

Hotel KPIs FY 2015Number of hotel

roomsOccupancy*

rate (%)TRevPAR*

(CHF)GOP PAR*

(CHF)

Country Destination FY 15 FY 14 FY 15 FY 14 FY 15 FY 14 FY 15 FY 14

Egypt El Gouna1 2,627 2,707 68 60 53 48 13 14

Taba Heights2 2,365 2,365 20 27 18 17 (10) (5)

Others Red Sea3 1,627 1,117 64 61 41 39 13 12

Floating Hotels 27 27 13 4 88 32 (12) (38)

Oman Total Hotels4 767 561 51 33 101 71 18 3

U.A.E The Cove 346 346 70 75 196 203 69 82

Jordan Tala Bay5 - 260 24 45 23 42 (10) 2

ODH Group 7,759 7,383 56 50 55 47 12 11

1. Ocean View Hotel: In Q3 2015: 79 rooms have been converted to residential units resulting in a total number of rooms of 155.2. During the FY 2015,only 4 hotels were operating (1,756 rooms) in Taba Heights. Whereby, all 6 hotels were operating until May 2014, we

shut down El Wekala and Bay View (both representing 609 rooms).3. Citadel Azur, five – stars hotel with 514 rooms was added back to ODH’s hotel portfolio, post the settlement reached with Falcon Hotels,

also, in Q4 2015, we closed two hotels (Club Azur and Makadi Gardens) in Makadi after the airplane crash incident until business is back tonormal.

4. Sifawy number of rooms was reduced to 67 rooms and Al Fanar Hotel was opened with a total number of 218 rooms.5. Marina Plaza Tala Bay Hotel in Jordan with a total capacity of 260 rooms was removed from the total number of rooms as of June 30, 2015

as it was sold in Q2 2015, yet the hotel's operational contribution for 1Q 2015 was included in the KPIs.

* All KPIs are calculated based on the number of operational rooms during the period.

29

Number of hotel rooms

Occupancy*rate (%)

TRevPAR* (CHF)

GOP PAR*(CHF)

Country Destination 4Q 15 4Q 14 4Q 15 4Q 14 4Q 15 4Q 14 4Q 15 4Q 14

Egypt El Gouna1 2,627 2,707 71 62 57 58 13 18

Taba Heights2 2,365 2,365 25 21 14 20 (31) (7)

Others Red Sea3 1,627 1,117 50 61 33 43 8 11

Floating Hotels 27 27 19 7 135 56 27 15

Oman Total Hotels4 767 561 71 51 119 100 22 11

U.A.E The Cove 346 346 78 75 235 247 100 115

Jordan Tala Bay5 - 260 - - - - - -

ODH Group 7,759 7,383 62 51 65 58 15 14

Hotel KPIs 4Q 2015

1. Ocean View Hotel: In Q3 2015: 79 rooms have been converted to residential units resulting in a total number of rooms of 155.2. During the Q4 2015, we closed 5 hotels in Taba Heights. In Q4 2015,only Sofitel hotel was operating with 442 rooms.3. Citadel Azur, five – stars hotel with 514 rooms was added back to ODH’s hotel portfolio, post the settlement reached with Falcon Hotels,

also, in Q4 2015, we closed two hotels (Club Azur and Makadi Gardens) in Makadi after the airplane crash incident until business is back tonormal.

4. Sifawy number of rooms was reduced to 67 rooms and Al Fanar Hotel was opened with a total number of 218 rooms.5. Marina Plaza Tala Bay Hotel in Jordan with a total capacity of 260 rooms was removed from the total number of rooms as of June 30, 2015

as it was sold in Q2 2015, yet the hotel's operational contribution for 1Q 2015 was included in the KPIs.

* All KPIs are calculated based on the number of operational rooms during the period.

30

Hotels performance updateEgypt

El Gouna, sustained a growing occupancy trend, increasing from 59% in FY 14 to 67% to FY 15. Strong cooperation with selected tour

operators, expanded distribution network (RTK) and the dynamic pricing system afforded a 10% increase in its TRevPAR.

Growth of the German business at Makadi Hotels , representing 23% , with more than 79,000 room nights in 2015 growing from 35,000

room nights in 2014. Shut down of 2 Makadi hotels as a cost cutting procedure following Russian flight suspension. Russian business

represented 56% of total Makadi Hotels’.

Reduced no of operating rooms in Taba to only 18% of total capacity (442 rooms) following the travel bans set on the region by all major

European countries. Operating Hotel reported an occupancy of 20% in FY 15.

Finalizing the development of the Ancients Sands hotel in El Gouna and Byoum Lakeside Hotel in Fayoum, both are due to open in Q2

and Q3 2016 respectively.

Oman

A notable growth in Oman’s Hotels. Occupancy grew from 33% in FY 14 to 51% in FY 15 & GOPPAR grew from CHF 3 to CHF 18 in FY 15.

Salalah Beach, marked the completion of the 700-room phase one milestone of our Omani hotel development plan with the opening of

Al Fanar Hotel & Residence, a 218-room. In Q1 16, the Hotel reported an average occupancy of 81%.

UAE

Upgrading the hotel’s Staff Housing Complex to a five-star extension, we used 50 rooms from the existing Hotel to serve the employees

which temporarily affected the total hotel’s performance. New Housing Facility opened in November 15 and in Q1 16, occupancy

recovered to report a growth from 67% to 77% y-o-y.

Finalizing construction of The Cove extension, adding 145 rooms schedule to be opened during 2016.

31

38%

38%

7%

17%

EGP USD EUR Others

Advanced Negotiations For An Optimum Debt Refinancing Package

1 Figures are as of ODH Financial Statements of FY 2015

2 Sum of LTD and CPLTD, excluding Tamweel

3 Planned outstanding debt including overdraft facilities and excluding Tamweel, after paying off CHF 51.6 mn

Total Debt Breakdown by

Entity (CHF mn) 1

Total debt by currency

( %,) 1

Loans Runoff Before

Rescheduling(CHF mn) 2

Net Debt Build-up

(CHF mn) 1

Management iscurrentlyundergoing arestructuringprogram in aneffort to de-leverOHD’s balancesheet down tonormalized levels

The Company isplanning to paydown ~EGP 700 mn(CHF 87.6 mn) ofwhich the companyhad already paidEGP 264 mn (CHF32.9 mn) forcapitalized interestand past dues andis negotiating withbanks to rescheduleEGP 2,267 mn (CHF283.6 mn)

507

31.12.15 31.12.14

Weighted average cost of debt (%)1 7.52 7.56

Loans RunoffAfter

Rescheduling (CHF mn) 3

136

69 71

27 22 18 12 4 1 1 0

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

1019

57

72 7570 66

35

2 2

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

154

225

128 507 (168)

339

-

100

200

300

400

500

600

Overdrafts LTD CPLTD Total Debt Cash Net Debt

Hotels131

Corporate 376

32

254

17519 17 465 (165)

300

Short termdebt

Long termdebt

shareholdersloan

LandLiabilities

Total Debt Cash Net Debt

1

Net Debt Breakdown

by Entity (CHF mn)

ODH Net Debt

Build-up (CHF mn)

Equity Value

Analysis(CHF mn)

1

2 2

The Market Values ODH’s Other Projects at a Deep Discount to Book

These figures represent the net BV3 of each of ODH’s Other Projects,totaling CHF 489 mn. This implies a deep discount (CHF 211 mn) to theequity value derived by the market

Other Projects’

Book Value

Other Projects’

Equity Value

Market Implied

Discount

Analysis of Current Market Prices Suggests that ODH’s Other Projects are Attractively Priced

1 Excludes debt held on Tamweel; the company’s leasing arm2 As of December 31st , 20153 Net BV represents equity value + quasi-equity; which are amounts due to ODH and expected to be capitalized at a later stage

4 This represents the total consideration at which Cape Citadel (a 5-star hotel on the Red Sea Coast) was priced according to a legal dispute between ODH and Falcon

2

1

414

161 137

278

ODH Market Cap OHD Market Cap ODH PropotionalteStake in OHD

Other Projects'sEquity Value

260

40

300

OHD Net Debt Other Projects Net Debt ODH Consolidated NetDebt

233

73

6037

4216

14 15 489

278

211

33

FY 2015 FY 2014

Revenue 306.1 250.5

Cost of sales (235.0) (213.0)

Gross profit 71.1 37.5

Gross profit margin 23.2% 15.0%

Profit / (loss) before tax (18.3) 46.9

Income tax expense (4.2) (10.8)

Non-controlling interests (19.0) 36.1

Net profit / (loss)attributable to ODH shareholders (3.5) (5.8)

Summary Income Statement

31.12.15 31.12.14

Property, plant and equipment 940.4 886.8

Inventories 191.3 305.6

Receivables 234.7 146.9

Cash and bank balances 167.6 100.7

Total assets 1,808.6 1,781.0

Borrowings 507.1 531.7

Payables 47.0 60.0

Other Liabilities 215.4 368.1

Total Equity 956.6 821.2

Selected Balance Sheet Items

Snap Shot - Income Statement And Balance Sheet FY 2015 , CHF Million

34

Shareholders by TypeShareholders by Country Shareholders Breakdown

Share Information

* As of 31.12.2015 ** As of 31.12.2015

ODH Shares - Shareholding Structure*

No. of Registered Shares: 25,692,614

No. of Dispo Shares: 14,717,312

Market Capitalization**: CHF 414.2 mn

Reuters Code: ODHN.S ISIN Code: CH0038285679Index: SPI Index

51%

13%

36%

Institutions Retail Dispo Shares

73%

4%

23%

Samih O. Sawiris

Janus Capital Management LLC

Other

42%

1%10%

8%

3%

36%

Cayman Islands GreeceEgypt SwitzerlandOthers Dispo Shares

35

Shareholders by TypeShareholders by Country Shareholders Breakdown

Share Information

ODH EDR - Shareholding Structure*

* As of 31.12.2015 ** Implying a conversion ratio of 20:1, where 20 EDRs in Egypt are equivalent to 1 registered share in Switzerland.

No. of Registered Shares**: 185,374 mn

Reuters Code: ODHR.CA ISIN Code: EGG676K1D011

81%

12%

6%

2%

Egypt UK KSA Other

68%

18%

14%

Samih O. Sawiris Insitiutions

Other Retail

68%

8%

4%

2%

1%

17%

Samih O. Sawiris

OIM PROJECTS LIMITED

DELLCREST CORPORATION

First Arabian Development &Investment Co.Arab Investment

Other

36

Agenda


Projects Overview


Appendices

Page 4

Page 22

Page 37

Page 11

Page 22

37

Appendices

38

New & Ongoing Real Estate Launches

39

Egypt, El Gouna Joubal Views , Extension to Joubal

Project Description Built on carefully crafted elevated land & designed to give residents a panoramic view of their surroundings. Fromdifferent levels; residents can see the marina, the sea, and the mountains.

Key Facts Location El Gouna, Egypt

Launch Date September 2015

Footprint (sqm) 1,304

Sales Plan 1 year

Final Delivery September 2018

Product 1Type Twin Villas

No of units 8

Total BuA (sqm) 1,336

Inventory value, USD 3,600,000

Product 2Type Villas

No of units 5



Launched

40

Joubal Lagoon Phase 2



Total Project Area (m2) 52,000

Footprint (m2) 3,073

Sales Plan 1 year


Product 1Type Twin Villas

No of units 26



Product 2Type Villas

No of units 5



Project Description Directly overlooking the lagoon and golf course, adding more features to the Joubal project units.

LaunchedEgypt, El Gouna

41

Sabina – Twin Villas

Project Description Inspired from Nubian like design with a new modern edge, using earth colors , designed to give residents the luxury ofspace and privacy of their own pools and gardens.



Product Type Twin Villas

Total Project Area (sqm) 33,454


Total BUA (sqm) 4,704

No of units 30


Sales Plan 1 years


LaunchedEgypt, El Gouna

42

Water Side Condos Newly launched

Project Description Apartment Blocks, targeting Egyptian young families, offering affordability , function-ability & exclusivity, overlooking a unique water feature.


Launch Date December 2015

Product type Apartments




No of units 145


Sales Plan 2 years

Final Delivery December 2019

Egypt, El Gouna

43

Fanadir Bay


Launch Date April 2016

Product Type Villas and Twin Houses




No of units 85


Sales Plan 2 years

Final Delivery 2020

Newly Launched

Project Description Fanadir Bay brings intelligently designed waterfront units to one of its most exclusive neighborhoods yet with its vastspaces and unique architecture, nothing stands against its originality.

Egypt, El Gouna

44

Byoum - Fayoum

Key Facts Location Fayoum, Egypt

Launch Date Q1 2016

Total Project Area (m2) 3,935 m2

Footprint (m2) 1,910 m2

Sales Plan 1 year

Final Delivery Q4 2025

Inventory Value, EGP 30,000,000 (USD 3,900,000)

Project Description Directly overlooking the spiritual lake of Qarun, plans are set to develop two luxury residential communities and a hotel

To be launched in 4Q16Egypt, Fayoum

45

OmanSalalah Beach

Ongoing RE Launched Projects

Key Facts

Type Al Fanar Apartments


No of units 78

Inventory value, OMR 2,784,563 (USD 7,232,624 )

Avg Price/m2 (OMR) 2,202 (USD 5,718)

Sold to date % 68%

Key Facts

Type Salalah Villa


No of units 54

Inventory value, OMR 10,928,000 (USD 28,384,387)

Avg Price/m2 (OMR) 1,051 (USD 2,730)

Sold to date% 43%

46

OmanJebal Sifah

Key FactsType Villa


No of units 51


Average Selling Price/m2 (OMR) 1,044 (USD 2,711)

Sold to date % 71%

Key Facts

Type Apartment


No of units 148


Average Selling Price/m2 (OMR) 1,278 (USD 3,319)

Sold to date % 87%

47

Key FactsLaunch Date July 2013

Type Villa

Project Area (sqm) 7,276


No of units 4

Inventory value, EUR9,200,000

(USD 10,120,000)

Sold to date (%) 50%

Sales Plan 2 Years

Final Delivery Q4, 2018

Key FactsLaunch Date July 2013

Type Apartment



No of units 44

Inventory value, EUR15,952,415 (USD 17,547,656)


Sales Plan 1 Year


Key FactsLaunch Date June 2014

Type Apartment



No of units 44

Inventory value, USD16,919,297 (USD 18,611,226)


Sales Plan 1 Year


MontenegroLustica Bay

Ongoing RE Launched Projects

48

Hotels Portfolio

49

El Gouna - Hotels Map

50

*****420 Rooms

A luxury guesthouse directly set on thenorthern shores of Mangroovy Beachand its kitesurfing stations. Abrainchild of an antiques collector, thehotel offers seclusion making it anideal hideaway for luxury seekers.

An upscale beachfront resort offeringa relaxing atmosphere combined witha lavish selection of on-groundfacilities from diving to kitesurfing,world renowned Angsana Spa outletand a nearby professional 18-hole golfcourse.

An award winning architectural mix ofArabian and Egyptian styles by theinternationally renowned MichaelGraves. The beachfront resort is builton nine islands surrounded by gardensoffering mouthwatering cuisine, privatebeaches, outdoor heated pool, andwater sports.

*****

339 Rooms

268 Rooms

A stylish Nubian oasis exclusivelysituated on El Gouna’s Championship18-hole golf course. Complemented bystunning architecture, breathtakinglandscapes, sparkling lagoons, the hotelis home to a spa and fitness center forultimate serenity and rejuvenation.

Be it an absolute romantic holiday or ablend of romance and action, this 4-starhotel de charm is the spot. Boasting hemost relaxing views of the New Abu TigMarina coupled with some special treatsfor an unforgettable romantic holiday,the Adults Only hotel is minutes awayfrom El Gouna’s northern beaches.

****54 Rooms

*****

*****

12 Rooms

A family-oriented hotel featuringcolorful hillside accommodationsreminiscent of Tuscan homes, selectvillas spread around a swimminglagoon, as well as deluxe seafrontrooms benefiting from prime viewsover the hotel’s sheltered bay. Hotelguests have exclusive access to theprivate Bellevue Beach

*****134 Rooms

51

A beachfront resort with an allinclusive program. The 4-star hotel isbuilt along a virgin beach expanse ofa protected bay. Club-style animationand a myriad of sports activities makeit a perfect choice for active families..

A charming Adults Only authentic hotelfashioned to reminiscent an UpperEgypt’s Mayor’s mansion in its mostromantic setup. The hotel iscomplemented by superb interiordesign, a private lagoon beach and isadjacent to El Gouna’s lively Downtownarea.

The 4-star all inclusive resort managedby a family-owned Belgian hotel chain.Offering unparalleled Red Sea holidaysfor families with children, the resorts’unique architectural design iscomplemented by lush landscapedgardens

Capturing the essence of Egypt with itswinding alleys and stunning features,the hotel overlooks El Gouna’s lagoonsand offers a tropical garden setting inthe heart of the town with easy accessto the vibrant Tamr Henna Square.

****234 Rooms

****

239 Rooms

****66 Rooms

The Three Corners Ocean View offers a4-star all inclusive experience in anAdults-Only environment. The hotel ishome to two unique clusters, Le Soleiland Du Port, each offering a uniqueatmosphere with one overlooking theseafront and the other with fabulousMarina views

****434 Rooms

****115 Rooms

****69 Rooms

Overlooking the New Abu Tig Marinawith direct access to El Gouna’s northernbeaches, Mosaique Hotel is ideal for sunand adventure seekers. The ultra four-star hotel boasts cool décor, modernflair and amenities tailored to theconvenience of its guests

52

Directly overlooking the Abu Tig Marinapromenade, minutes away from thebeach, the 3-star Captain’s Inn is one ofEl Gouna’s most sought after smallhotels welcoming divers, kite surfers,and partygoers.

With only 28 guestrooms in thebeautiful Abu Tig Marina, Turtle’sInn is one of El Gouna’s mostsought-after addresses. Thismodern hotel offers tastefullyfurnished rooms, refreshing style,and personalized service.

***28 Rooms

In the heart of the Abu Tig Marina withthe most luxurious views and the mostconvenient accessibility! Famed for itsterrace, Ali Pasha’s nightly beauty iscomplemented by the delicacies servedat the town’s only Indian Restaurant,Tandoor.

***67 Rooms

Arena Inn offers all the amenities andcomforts of a holiday resort with a privateswimming pool and beautifully designedwaterfront restaurant. Hotel guests enjoyaccess to a full-service beach.

***

50 Rooms

***

177 Rooms

Updated

53

Taba Heights- Hotels Map

54

*****

426 Rooms

Beautifully framed by the pristinenatural environment, award winningarchitect Michael Graves created thebeachfront resort as a paint box ofcolors and quirky shapes of Egyptianvaults and dome village styledarchitecture. Home to 3 swimmingpools and a saltwater lagoon with itsown beach, eight restaurants, a widearray of leisure facilities, the town’sonly Casino

Consisting of three separate structureslinked by tropical garden pathways andresting on a prime waterfront location,the resort offers breathtaking views ofthe sea, pool and desert mountains. Thehotel offers 10 restaurants and bars,exclusive entertainment and with itsstate-of-the-art conference facilities, thehotel is the perfect business retreat.Swimming pools and a fully equippedhealth club.

The 4-star all inclusive resortmanaged by a family-owned Belgianhotel chain. Offering unparalleledRed Sea holidays for families withchildren, the resorts’ uniquearchitectural design is complementedby lush landscaped gardens

****394 Rooms

A signature Club Med Resort in the heartof Sinai. Providing exceptionalopportunities to discover the region’sfamous attractions, the unique Resort isset on a beautifully preserved baycovering 27 hectares, flanked by a 600yard stretch of private beach offering anideal site for exploring the fabulousunderwater life of the Red Sea

*****503 Rooms

The beachfront resort is situated onover 44 acres of lush gardens, 2800sqm of pools and waterfalls with over500sqm of pristine private beach andhouses seven exclusive dining outlets,a private Spa, a Steam Room, SwedishSauna treatments and Jacuzzi.

*****

442 Rooms

*****385 Rooms

Capturing the essence of Egypt withits winding alleys and stunningfeatures, the hotel overlooks ElGouna’s lagoons and offers a tropicalgarden setting in the heart of thetown with easy access to the vibrantTamr Henna Square.

****215 Rooms

55

Located at Makadi bay, one ofHurghada’s fascinating shores,25km away from HurghadaInternational airport, the AllInclusive beachfront resortoverlooks its own spaciousprivate sandy beach, offeringseven restaurants & bars, a fullyequipped watersports center,two tennis courts, a squashcourt, billiards, a fully equippedfitness room and 2 swimmingpools.

Only 25km away from HurghadaInternational airport, thebeachfront resort is easilyaccessible offering sevenrestaurants & bars, a fullyequipped watersports center, twotennis courts, a squash court,billiards, a fully equipped fitnessroom and 2 swimming pools

*****

491 Rooms

****339 Rooms

****287 Rooms

Ideally located only a fewkilometers away from Hurghada,Sahl Hasheesh and Safaga; theAdults Only Azur Makadi GardensHotel provides easy access tomost of the Red Sea’s world-classwaterfront destinations withclustered facilities with its sisterhotels Royal Azur and Club Azur.

Makadi is settled in the heart of the Red Sea tourism hub located only 25kilometers away from Hurghada International Airport and just a short drivefrom the bustling shopping and dining venues of Hurghada and SahlHasheesh. Featuring a variety of residential units, hotels, commercial andentertainment areas, as well as all the supporting infrastructure andservices, Makadi allows individuals and families to benefit from a moreactive lifestyle.

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Its ideal location at the entrance of the emirate made the development a regionalinvestment and leisure attraction. Extending over about 300,000 sqm, The Cove overlooks600m of private beach and comprises an internationally renowned 5-star hotel operatedby Rotana, exclusive real estate, and a range of upscale services and amenities. State-of-the-art leisure and urban facilities are within easy reach as the development is in closeproximity to two golf courses, several shopping malls and supermarkets, internationalschools and hospitals of international standard.www.thecove-uae.com

*****

346 Rooms

Located on an idyllic water inlet on the Ras AlKhaimah beachfront overlooking the ArabianGulf with 600 m of pristine beach, the CoveRotana encompasses a number of Villas thatare ideally designed to accommodate familiesof a group of friends. With a Nubian touch intheir design, the Villas are well-crafted andaesthetically designed to offer comforts thatyou would expect of a 5-star resort and muchmore. From spacious Living rooms, privateterraces, spectacular views of the Arabian Gulfto the lagoon or lush green hills, each of theVillas are designed to anticipate and cater toyour every need

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Jebel Sifah, Orascom Development’s third biggest town, is only an hour away from the Muscatcity center stretching across 5 km of beachfront. Jebel Sifah boasts a planned 950 residentialunits, an18-hole PGA golf course, and an 84-berth inland marina surrounded by a picturesquemarina town.Orascom Hotel Management currently operates the Sifawy Boutique Hotel, and further plansto develop five 5-star hotels including some of the world’s most prestigious brands, amongthem the Four Seasons. Restaurants, cafés, luxuriously-appointed spas, and boutiquesfeaturing the latest fashion complete the town’s offerings.www.jebelsifah.com

****

67 Rooms

Designed by renowned Italian designerAlfredo Freda, the Sifawy Boutique Hotel isideally located only 45 minutes away fromthe capital city of Muscat in the heart of thepicturesque marina town.

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A newly opened hotel offering aunique holiday experiencecapitalizing on the Rotana’sunderstanding and hospitalityexpertise, the upscale hotel’sOmani-inspired architecturefeatures a series of clusterssurrounding the main building,housing major public facilities andamenities.

Nestled on the picturesque marinapromenade of Salalah Beach andfacing the Indian Ocean, the hoteloffers traditional lifestyle and valuesexpressed in the glowingarchitecture and aromatic foodalong with the scents offrankincense and sandalwood.Among the recreational facilities are2 large swimming pools, a state-of-the-art wellness center and intimateguestrooms.

Designed by renowned Italiandesigner Sandro Serapioni, thisdistinctive property offers a uniqueblend of contemporary design andserene Arabian architecture. This 4star deluxe Hotel boasts 218guestrooms and suites, a variety ofrestaurants and bars, stylish meetingrooms, a distinct spa, and an 800-square meter infinity pooloverlooking the only tropical stretchof beach in the region.

Offering a spectacular landscape of fertile plains, fresh water springs, andlush coconut trees enhanced by the monsoon during the summer, SalalahBeach is the Group’s first and the region’s only tropical destination. Locatedon the southern part of Oman, Salalah Beach is a large family-orientedcomplex boasting over 8 km of beachfront on the Arabian Sea as well as aman-made lagoon system extending the sea inland. Once fully developed,it comprises high-end luxury apartments and villas, restaurants and cafés,shopping and retail outlets, hotels - ranging from boutique to five-starbeach resorts, a 200-berth inland marina, as well as two 18-hole PGA golfcourses.

*****400 Rooms

*****82 Rooms

****218 Rooms

Updated

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Income StatementAll figures are in CHF mn, unless otherwise noted

2010 2011 2012 2013 2014 2015

Egypt 383 208 211 161 179 220

Oman 84 6 18 15 30 36

UAE 29 27 30 29 27 27

Montenegro - - - - - 19

Others 20 15 14 17 14 4

Total Revenues 516 256 272 221 251 306

Cost of sales (310) (208) (219) (187) (188) (209)

Depreciation Expense (30) (28) (30) (28) (25) (26)

Gross Profit 175 20 23 6 37 71

% Margin 34% 8% 9% 3% 15% 23%

Administrative expenses (58) (81) (66) (71) (45) (39)

Investment income 12 12 6 5 4 10

Other gains and losses 19 (13) (33) (39) 93 (7)

Finance costs (7) (8) (9) (31) (33) (34)

Share of profit of associates (2) (5) (1) (10) (9) (19)

Profit / (Loss) before tax 141 (76) (79) (140) 47 (18)

% Margin 27% (30)% (29)% (63)% 19% -6%

Income tax expense (19) (0) (11) (21) (11) (4)

Profit / (Loss) from continuing operations 122 (76) (90) (160) 36 (22)

% Margin 24% -30% -33% -72% 14% -7%

Profit / (Loss) from discontinuing operations - - (11) (7) - -

Total income statement 122 (76) (101) (167) 36 (22)

Non-controlling interests 27 (7) (4) (10) (6) (3)

Owners of the Parent Company 95 (70) (97) (158) 42 (19)

Total income statement 122 (76) (101) (167) 36 (22)

Finance costs 7 8 9 31 33 34

Income tax expense 19 0 11 21 11 4

EBIT 148 (68) (82) (116) 80 15

% Margin 29% -27% -30% -52% 32% 5%

Depreciation Expense 30 28 30 28 25 26

EBITDA 178 (40) (52) (88) 105 41

% Margin 35% -16% -19% -40% 42% 13%

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Balance Sheet

All figures are in CHF mn 2010 2011 2012 2013 2014 2015

Cash & Bank Balances 276 79 102 73 101 168

Net Receivables 159 137 95 52 96 71

Due from Related Parties 24 45 18 17 37 35

Inventories 260 478 499 357 306 191

Other Current Assets 130 88 82 62 114 103

Total Current Assets 849 828 795 562 654 568

Property, Plant and Equipment 926 969 1,003 767 887 940

Investment Property 78 76 79 10 12 11

Goodwill 8 8 7 7 7 6

Investment in Associates 35 29 19 104 112 101

Long-Term Receivables2 108 102 94 33 84 165

Other Non-Current Assets 88 70 85 42 25 18

Assets Held for Sale2 - - - 150 - -

Total Assets 2,093 2,083 2,083 1,673 1,781 1,809

Trade and Other Payables 57 58 50 30 37 30

Borrowings2 241 282 324 198 274 282

Due to Related Parties 3 6 17 16 3 2

Current Tax Liabilities 16 6 5 3 6 5

Provisions 57 90 79 96 83 82

Shareholders’ Loan 28 23 9 39 71 19

Other Current Liabilities 138 181 251 157 157 146

Total Current Liabilities 540 645 735 550 631 566

Land Liabilities 36 32 32 26 23 17

Borrowings2 271 254 279 211 258 225

Other Non-Current Liabilities 54 58 60 46 48 44

Liabilities Held for Sale2 - - - 79 - -

Total Liabilities 900 990 1,106 911 960 852

Minority Interest 198 241 236 219 200 232

Shareholders' Equity 996 853 740 543 621 725

Total Liabilities & Equity 2,093 2,083 2,083 1,673 1,781 1,809

1 The drop was due to the deconsolidation of OHC2 The fluctuations in those accounts from 2012 – FY 2014, are due to the reclassification of CMAR and Tamweel as “Assets Held for Sale” in 2013, before reversing the reclassification of Tamweel and retaining it in 9M 2014

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Khaled BicharaCEO of ODH

Mr. Bichara currently holds the position of Chief Executive Officer of Orascom Development Holding. He is also a Co-Founder of Accelero Capital.He previously served as Group President and Chief Operating Officer of VimpelCom Ltd (“VimpelCom”). He was also Chief Executive Officer of OrascomTelecom Holding S.A.E. (“OTH”) as well as Chief Operating Officer of Wind Telecomunicazioni S.p.A. (“Wind Italy”). He played a pivotal role in the mergerof VimpelCom with Wind Telecom S.p.A, (“Wind Telecom”) for a total consideration of USD 25.7Bn to create the world’s sixth largesttelecommunications carrier. Mr. Bichara managed ten operations across the globe through OTH and Wind Italy and 22 operations across the globethrough VimpelCom. He was the Co-founder, Chairman and CEO of “LINKdotNET”. In 2011, Mr. Bichara also served as Group Executive Chairman of OTHas well as Chairman of Wind Italy. Mr. Bichara currently serves as a board member of various telecom and IT companies, including Orascom TelecomMedia and Technology Holding S.A.E.; SUPERNAP International S.A., the developer of the world-renowned SUPERNAP data centers; and Joyent Inc., aglobal provider of cloud computing software and services. He is the chairman of the board of Italiaonline S.p.A., the leading Italian Internet Platform andthe #1 email service in Italy; as well as the chairman of the board of SEAT Pagine Gialle S.p.A., the Italian leader in internet services for SMEs (website,directories, local adv). He is also a board member of Orascom Construction Limited, a company dually listed on NASDAQ Dubai and the Egyptian StockExchange. Mr. Bichara is also a member of the Advisory Board for the Computer Science and Engineering Department of the American University inCairo. He was previously a member of the GSMA board. Mr. Bichara holds a Bachelor of Science degree from the American University in Cairo.

Eskandar ToomaCFO of ODH

Mr. Tooma is a tenured professor of finance at the School of Business, the American University in Cairo. He has also held a visiting associate professor(reader) position with Imperial College’s Business School in London, England. He is a member of the American Economic Association (AEA), the AmericanFinance Association (AFA) and also the secretary general of the African Finance Association. Mr. Tooma has always combined academic experience withpractical exposure through assuming a variety of public and private professional posts. From 2005 to 2008, he was senior advisor to the Egyptian CapitalMarket Authority, as well as a member of a variety of committees including the EGX30 Index Committee, Market Advancement Committee at theEgyptian Stock Exchange, an advisor and member of the Derivatives and Commodities Exchange Committee with the Ministry of Investments and anadvisor to the Ministry of International Cooperation on Egypt’s Debt Swap Experience. Privately, he has advised leading financial institutions includingCitadel Capital Private Equity, Beltone Financial Holding and the Arab African International Bank. Tooma has sat on the board of EGX listed and activelytraded companies including Telecom Egypt (TE), Egyptian Resorts Company (ERC), Madinet Nasr for Housing and Development (MNHD) and OrascomHotels and Development (OHD). In 2015, he joined the oversight board of the HSBC money market fund. Mr. Tooma obtained his BA in business from TheAmerican University in Cairo and Adelphi University. He holds two M.S. degrees, the first in finance and the second in international economics fromAdelphi and Brandeis Universities respectively. Finally, he holds a PhD in finance from Brandeis University.

Abdelhamid AbouyoussefODH Chief Hotel Officer

Eng. Abouyoussef started his career in design and installation of hotel electro-mechanical systems in 1998.He soon moved to project management inhotel construction, in addition to being the owner’s representative at Amphoras Holiday Inn, Sharm El Sheikh. He now has his own company, ShoresHotels currently managing 1,600 rooms across Egypt. He also founded a travel agency that handles over 100,000 tourists per year. Eng. Abouyoussefhelped develop Orascom Hotels Management, a JV between ODH and Shores, to manage OHD’s entire hotels portfolio, and other hotels on the ODHlevel. Eng. Abouyoussef received his B.S. in Mechanical Engineering from the American University in Cairo and a Masters of Science degree from theUniversity of California at Berkeley

Executive Management Team

62

Board Of Directors

Samih SawirisChairman Non-Executive Member

After receiving his Diploma in economic engineering from the Technical University of Berlin in 1980, Mr. Sawiris founded his first company, NationalMarine Boat Factory. In 1996 he established Orascom Projects for Touristic Development and in 1997 Orascom Hotel Holdings, the two companies thatlater merged to form Orascom Hotels & Development S.A.E. Further-more, Mr. Sawiris established El Gouna Beverages Co. in 1997, which he sold in2001 when it was the largest beverage company in Egypt. As of April 1, 2014, Mr. Sawiris took over the position of the CEO on ad-interim basis ofOrascom Development and serves as Chairman of the Board of Directors.

Eskandar ToomaCFO of ODH

Mr. Tooma is a tenured professor of finance at the School of Business, the American University in Cairo. He has also held a visiting associate professor(reader) position with Imperial College’s Business School in London, England. He is a member of the American Economic Association (AEA), theAmerican Finance Association (AFA) and also the secretary general of the African Finance Association. Mr. Tooma has always combined academicexperience with practical exposure through assuming a variety of public and private professional posts. From 2005 to 2008, he was senior advisor to theEgyptian Capital Market Authority, as well as a member of a variety of committees including the EGX30 Index Committee, Market AdvancementCommittee at the Egyptian Stock Exchange, an advisor and member of the Derivatives and Commodities Exchange Committee with the Ministry ofInvestments and an advisor to the Ministry of International Cooperation on Egypt’s Debt Swap Experience. Privately, he has advised leading financialinstitutions including Citadel Capital Private Equity, Beltone Financial Holding and the Arab African International Bank. Tooma has sat on the board ofEGX listed and actively traded companies including Telecom Egypt (TE), Egyptian Resorts Company (ERC), Madinat Nasr for Housing and Development(MNHD) and Orascom Hotels and Development (OHD). In 2015, he joined the oversight board of the HSBC money market fund. Mr. Tooma obtained hisBA in business from The American University in Cairo and Adelphi University. He holds two M.S. degrees, the first in finance and the second ininternational economics from Adelphi and Brandeis Universities respectively. Finally, he holds a PhD in finance from Brandeis University.

Adil DouiriNon-Executive Member

Mr. Douiri is the founding shareholder and CEO of Mutandis, a Moroccan consumer goods company established in 2008. Mr. Douiri served in HisMajesty King Mohamed VI’s Government as Minister of Tourism (2002-2007) and later as Minister for Tourism, Crafts & Social Economy (2004-2007). In1992 Mr. Douiri founded Casablanca Finance Group (later renamed CFG Bank), the country’s first investment bank. Until 2002 he acted as chairman ofits supervisory board and is still a board member. He is also a board member of MFEx, a Stockholm based Technology Company serving the financialindustry, and Holcim Maroc, a publicly listed company at the Casablanca stock exchange, subsidiary of Holcim group (now Lafarge Holcim). Mr. Douirigraduated as an engineer from the Ecole Nationale des Ponts & Chaussées (ENPC) in Paris.

Franz EgleNon-Executive Member

Mr. Egle’s background is in strategy development, corporate communications, media and PR. After holding senior positions in the private sector he wasin charge of communications at the Swiss Federal Department of Foreign Affairs and advisor to the Minister of Foreign Affairs (1993-1998). Before co-founding Dynamics Group, a Swiss company providing strategic consulting, communication management and research analysis, Mr. Egle was a partnerof Hirzel. Schmid.Nef Konsulenten, a communication and financial consultancy firm (1999- 2006). Mr. Egle holds a Doctor’s degree in sociology from theUniversity of Zurich. Dynamics Group, where Mr. Egle is a Senior Partner, has been retained by the Group to provide services in the field ofcommunications

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Carolina Müller-MöhlNon Executive Member

Ms. Müller-Möhl holds a M.A. in Political Science. Since 2000, she has managed and presided over the Müller-Möhl Group. She has served as a BoardMember of Nestlé S.A. (2004-2012) and currently sits on the Boards of Neue Zürcher Zeitung and Fielmann AG. Further she sits on more than a dozenfoundation and advisory boards, including the Department of Economics at the University of Zurich and the renowned Think Tank Avenir Suisse. She isalso a member of the Board of Trustees of the Bertelsmann-Foundation in Germany.

Jürgen Fischer Non Executive Member

Mr. Jürgen Fischer is founder of "The Pearl Management Consultants" in Dubai, United Arab Emirates. Fischer is Non-Executive Chairman of MövenpickHotels & Resorts after having served as Non-Executive Board member since 2008. He was CEO of Dubai Properties LLC, a major real estate developer inthe UAE. Besides looking after 20,000 residential leasing units, 50,000 m2 of retail space, thousands of "Built to Sell" apartments and villas and severalmas-ter developments in Dubai, he was as well involved in international developments of Sama Dubai Group in, among others, Morocco and Oman.During his time with Dubai Properties a fully owned subsidiary of Dubai Holding and the sister company Tatweer he oversaw several theme park andtourist projects. Between 1995 and 2008, Jürgen Fischer held several senior positions with Hilton International, such as President CommercialOperations and President for Continental Europe, Middle East and Africa, as well as President of Scandic Hotels AB. Prior to joining Hilton, he worked forthe Walt Disney Company in different roles in Florida and Paris including Vice President Sales & Marketing for Disneyland Paris, Director of ResortDevelopment at Disneyland Paris and General Manager of the Grand Floridian Beach Resort & Spa at Walt Disney World, Florida. Fischer held severalhotel management positions in Europe and Middle East after starting his professional life as a chef in 1970. He later graduated from the Ecole HôtelièreLausanne, Switzerland and obtained an MBA with Honors from IMEDE/IMD, Lausanne in 1988. Since several years Fischer serves on the InternationalAdvisory Commit-tee of Ecole Hôtelière Lausanne.

Marco Sieber Non Executive Member

Mr. Sieber, born in Lucerne, Switzerland, studied economics at the Business School in Lausanne. After graduating with a business degree in 1989 he tookover the family owned company SIGA Ltd. Together with his brother, Mr. Sieber managed to transform SIGA Ltd. into a company which operatesinternationally and which has over 400 employees. SIGA Ltd. develops and produces products for the construction sector, namely in the field of energy-saving sealings. In 2012, Mr. Sieber also became majority shareholder in Baertschi Agrartecnic Ltd.

Jürg WeberNon Executive Member

Mr. Weber holds an MBA and a Major in Finance and Strategic Planning from the Wharton School, University of Pennsylvania. Mr. Weber previouslystudied Civil Engineering at the School of Engineering in Switzerland and Microeconomics and English at the University of California, Santa Barbara. Mr.Weber is currently member of the Board of Directors from “AVIVA Sigorta A.S.”, which is domiciled in Istanbul, Turkey, and of “BENSYS HOLDING”,which is domiciled in Amsterdam, Holland. He also is founder and owner of "GOLDEN HORN MANAGEMENT LTD". Since September 1, 2015, Mr. Weberholds the position of Division CEO of SIX Payments Services and is therefore also a member of the SIX Group Executive Board. Previously Mr. Weber wasCEO of "BOYNER HOLDING", Turkey, a Partner of "McKINSEY & COMPANY, INC.", Turkey, a Consultant for "McKINSEY & COM-PANY, INC.", Switzerland,an assistant to the Vice Chairman in "UBS PHILIPS & DREW", UK and a project manager and assistant to CEO with "UBS, BANK OF SWITZERLAND", NewYork.

Board Of Directors

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IR dashboard

Investor Relations Contact:

Sara El GawahergyHead of Investor RelationsTel Dir +20 (0)22 461 89 61Mobile EGY: +20 100 2185651Mobile CH: +41 41 874 1711sara.elgawahergy@[email protected]/en/investor-relations

mailto:sara.elgawahergy@orascomdhcom

mailto:[email protected]

http://www.orascomdh.com/en/investor-relations

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