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Orascom Development Holding AG Establishes New Company for Hotel Asset Management


Tuesday, 5 Nov 2013 07:00pm EST 

Orascom Development Holding AG announced that it has signed a partnership agreement with Mr. Abdul Hamid Abu Yousef to establish a new company for hotel asset management named "Orascom Hotels Management". The company's stake in the new established company will be 75%, whereas 25% for Mr. Abu Yousef who will hold executive duties in the new company.