26 August, 2020
Orascom Construction PLC (NASDAQ Dubai: OC; EGX: ORAS) announces that the Board of Directors nominates Ms. Nada Shousha as an independent non-executive independent Director. Shareholders will be asked to confirm Ms. Shousha’s appointment at the upcoming Extraordinary General Meeting on September 17.
Ms. Shousha is a seasoned executive in the financial services, investment and economic development sectors.
She currently holds positions on various Boards including Vice Chair and Investment Committee Member of the Egyptian American Enterprise Fund, Board Member and Chair of the Risk Committee of Bank of Palestine (WBG), and Board and Audit Committee Member of AXA (Egypt). Ms. Shousha was most recently the Regional Manager for Egypt, Libya and Yemen for the IFC, which she joined in 2002.
Jérôme Guiraud, Chairman of Orascom Construction PLC, commented, “We are very pleased to nominate Ms. Nada Shousha to our Board of Directors. Ms. Shousha brings a wealth of knowledge across multiple sectors and countries in which we operate and will be an invaluable asset to our Board, management and shareholders. Her appointment as an independent non-executive Director also further reinforces our commitment towards high standards of corporate governance.”
Ms. Shousha’s full profile can be found here on the corporate website.