Orascom Development Holding AG at its annual general meeting held on may 10, 2022, announced that Samih O. Sawiris stepped down from his position as Chairman and together with Carolina Müller-Möhl, Barbara Heller and Jürg Weber did not stand for re-election as member of the Board of Directors. Naguib S. Sawiris was appointed new Chairman of the Board of Directors. Maria Rioumine joins the Board of Directors as new member.

Furthermore, Barbara Merz Wipfli, attorney-at-law and notary public, was elected as new independent proxy of the company.