Although the words emerging market may not hold as powerful of a ring as being a top market of the world in any sector, MEA, particularly Egypt, continues to make headlines for its positive market growth and outlook.
One of the most recent headlines was when home-grown real estate developer Orascom Development Egypt was announced as the “Most Honored Company” by leading international business to business publisher, Institutional Investor.
This is the first time that an Egyptian company has received the award.
“We are very pleased as a team to get acknowledged for our communication efforts by the buy and sell side professional community. Maintaining ongoing and trusted discussions with the market has always been one of our top priorities when communicating our equity story. We will continue to work diligently to ensure transparent and reliable reach to the investor community,” Orascom Developer EG CEO Khaled Bichara said in a statement.
Leading The Races
Orascom Development Egypt (ODE) was awarded as the most honored company with the Institutional Investor’s annual Emerging EMEA Executive Team ranking and awards.
ODE received several nods towards its executive team.
CEO Bichara was noted as the top CEO in the real estate sector in the emerging markets survey.
Ashraf Nessim, the company’s CFO, was announced as the 3rd best CFO, and the company’s Investor Relations Officer Sara El Gawahergy secured a 3rd place in the Best IR Professional category. The company placed on the top 3 of an overall of 4 categories in the real estate sector.
The rankings and report looked at over 360 companies around Europe, Middle East and Africa. ODE was the only company to receive 3 top ranking positions at this year’s release.
“Open communications is key to us and we are therefore truly delighted by our team’s performance in these rankings” added Bichara.
Institutional Investor’s research is an independent in-depth performance assessment of the quality and effectiveness of companies’ communication and investor outreach activities based on detailed feedback from influential market players in the global investment community. This year over 12,000 buy-side and sell-side professional votes were cast to nominate over 990 executives from 396 companies across more than 20 sectors.