Orascom Telecom Media Approves Khaled Bichara’s Resignation

During its BOD meeting, Orascom Telecom Media And Technology Holding (OTMT.CA)has announced Tuesday that the company’s Managing Director Khaled Bichara has resigned and he will remain board member in the company.

The BOD has approved to appoint Karim Bichara as the new managing director but after obtaining the approvals from the company’s AGM which shall be held on June 28^th and from the Egyptian Financial Supervisory Authority (EFSA).

“I would like to thank Mr. Bichara for his remarkable efforts so as to have a smooth and successful split of Orascom Telecoms assets. His contribution has become the foundation stone of the company’s excellence and success.” Naguib Sawiris, the Chief Executive of Orascom Telecom (OTH), said