Orascom Development Holding AG
Ashraf Nessim leads and manages the financial strategies across Orascom Development. Nessim has held the position of Group Chief Financial Officer of Orascom Development Holding (ODH) since 2017 and of Orascom Development Egypt (ODE), the company’s largest Egyptian subsidiary, since 2012. He is also a member of the Executive Management. Nessim has more than 25 years of experience in various industries and business areas including finance, infrastructure, and hospitality. Prior to joining ODH, Nessim was the CFO in various well-known and established companies like Beltone Private Equity or Mobiserve, a key player in the mobile telecom network infrastructure in nine countries within the Middle East and South Asia. Prior to shifting his career to finance, he established the operations of Raya Distribution in Algeria and managed merchandising activities in all 34 stores of Nokia and Samsung in Egypt from 2004 until 2006.
Nessim holds a bachelor’s degree in mechanical engineering, and he is also one of the earlier people in Egypt to have achieved the CFA designation in 2004.
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Orascom Development Holding AG
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Orascom Development Holding AG is a Switzerland-based company engaged in the real estate sector. Through its subsidiaries, the Company develops and manages integrated towns; hotels; private villas and apartments; and leisure facilities, notably golf courses and marinas. Its activities are divided into five segments: the Hotels segment involves operations related to hotels; the Real Estate and Construction segment involves acquiring land banks and constructing residential real estate; the Destination Management segment maintains finished construction projects; the Land Sale segment manages land transactions; and the Other Activities segment includes mortgage financing, development and management. Its portfolio includes touristic destinations in seven countries: Egypt, the United Arab Emirates, Jordan, Oman, Switzerland, Morocco, Montenegro, and the United Kingdom. The Company's wholly owned subsidiaries include Orascom Hotels and Development in Egypt.