The board of directors of Orascom Development Egypt announced the approval of resignation of chairwoman Manal Hussein Abdelrazik. The board appointed Samy Saad Zaghloul as the new chairman of Orascom Development Egypt, effective as of 1 February. The newly-appointed chairman served as the executive director representing Egypt and Djibouti at the board of directors of the African Development Bank Group and former dean of the board. He also worked as the secretary general of the Egyptian cabinet for eight years.