Orascom Development Holding
Swiss-registered developer of integrated towns with homes, hotels, golf courses and marinas in seven countries, listed on the SIX Swiss Exchange since 2008. It reported 2025 revenue of CHF 641.4 million.
Industry: Integrated towns and hospitality | Location: Altdorf, Switzerland | Founded: 1989
About Orascom Development Holding
Orascom Development Holding is a Swiss-registered developer of integrated towns that combine homes, hotels, golf courses, marinas and commercial space. Its registered office is in Altdorf, Switzerland. According to its 2024 annual report, it operates in seven countries: Egypt, the United Arab Emirates, Oman, Switzerland, Morocco, Montenegro and the United Kingdom.
The group was founded in 1989 and has been listed on the SIX Swiss Exchange since 2008; its Egyptian subsidiary, Orascom Development Egypt, has been listed on the Egyptian Exchange since 2015. Naguib S. Sawiris is chairman of the board. Omar El Hamamsy has been group chief executive since 2020, after 18 years at McKinsey, and Ashraf Nessim has been group chief financial officer since 2017.
The annual report lists 11 operating destinations, including El Gouna, Makadi Heights and O West in Egypt, Hawana Salalah and Jebel Sifah in Oman, Andermatt Swiss Alps in Switzerland and Luštica Bay in Montenegro. The group reports a land bank of 101.4 million square metres, 34 hotels with more than 7,000 rooms, seven marinas and 9,811 employees at the end of 2024.
The board report records that the group holds 49 percent of Andermatt Swiss Alps AG, with the remaining 51 percent held by an entity of Samih O. Sawiris. On 17 December 2024 LPSO Holding Ltd, part of the Sawiris family shareholder group, launched a voluntary public tender offer at 5.60 Swiss francs a share, a 38.3 percent premium to the previous close. That group already held 77.5 percent and stated an intention to delist the shares. The annual report says the offer was settled on 11 March 2025.
For the year ended 31 December 2025, reported on 30 March 2026, revenue was 641.4 million Swiss francs, up 1.7 percent. Net income was 55.0 million francs, against 8.3 million a year earlier, helped by earnings from associates Andermatt Swiss Alps and Red Sea Company. Net real estate sales fell 37.1 percent to 514.7 million francs, while hospitality revenue rose 14.0 percent to 173.5 million. Adjusted EBITDA was 180.6 million francs.
Leadership
- Naguib S. Sawiris, Chairman of the Board
- Omar El Hamamsy, Group Chief Executive Officer
- Ashraf Nessim, Group Chief Financial Officer
- Tarek Gadallah, Group General Counsel
- Jürgen Fischer, Non-Executive Member and Lead Director
- Eskandar Tooma, Non-Executive Member
- Amine Omar Tazi-Riffi, Non-Executive Member
- Maria Davidson, Non-Executive Member