Egypt's Orascom appoints ex-Merrill Lynch analyst as non-exec director

Egypt's Orascom appoints ex-Merrill Lynch analyst as non-exec director
Orascom is an Egyptian contractor.
Published: 30 May 2019 - 10:35 a.m.
By: Jack Ball

Egypt-headquartered and Nasdaq Dubai-listed Orascom Construction has appointed London-based capital markets expert Wiktor Sliwinski – who has previously worked at Elliott Advisors UK and Merrill Lynch – as a non-executive independent director.

Sliwinski currently works as a senior advisor at NNS Advisors, the London advisory office of the Nassef Sawiris family.

He worked as an investment banking analyst at Merrill Lynch's corporate finance division between 2001 and 2004.

Orascom is among the Mena region's busiest construction companies.

According to a stock market missive last month, Orascom added $475m to its Q1 2019 backlog following a profitable 2018 on the back of “operational excellence and project controls”, with its order book as of 31 March, 2019 valued at $4.2bn.

Seventy-five percent of the company’s new awards in Q1 2019 came from projects in Egypt, and span industries such as infrastructure, marine and roads.

Orascom is also working on Egypt's New Administrative Capital and Al Alamein cities.

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