Orascom Construction hires new independent non-executive director

Nada Shousha as an independent non-executive Director

ArabFinance:Orascom Construction PLC (ORAS) announces that the board of directors nominates Nada Shousha as an independent non-executive Director, according to company's August 26th statement filed to the Egyptian Exchange.

Shareholders will be asked to confirm Shousha’s appointment at the upcoming extraordinary general meeting on September 17.

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 the bank of Palestine, and board and audit committee member of AXA (Egypt).

Shousha was most recently the regional manager for Egypt, Libya and Yemen for the IFC, which she joined in 2002.

The company distributed annual cash dividends of EGP 3.366762 per share on August 12th to the shareholders recorded on August 5th.

Orascom Construction PLC, formerly known as Orascom Construction Ltd, is a UAE-based engineering and construction contractor. The company is primarily focused on infrastructure, industrial, and high-end commercial projects in the US, the Middle East, Africa, and Central Asia for public and private clients.

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