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Orascom appoints Reham ElBeltagy as group CFO succeeding Mark Littel

ElBeltagy’s appointment will be effective from 1 April 2020, with Littel set to continue as an advisor till end of December 2020

Orascom Construction is building the Grand Egyptian Museum alongside BESIX [representational]
Orascom Construction is building the Grand Egyptian Museum alongside BESIX [representational]

Nasdaq Dubai- and Egyptian Securities Exchange-listed EPC contractor Orascom Construction has appointed Reham ElBeltagy as  its group chief financial officer to succeed Mark Littel, who is stepping down from the role, following appointment in September 2014.

ElBeltagy’s appointment will be effective starting 1 April 2020, with Littel set to continue as an advisor to the contractor until the end of December 2020.

Speaking about ElBeltagy’s appointment, chief executive officer of Orascom Construction, Osama Bishai, said that ElBeltagy had been associated with the company for the past 13 years.

He added that, ElBeltagy during this period “demonstrated multiple achievements across a range of functions such as corporate treasury, project finance and EPC + finance in several sectors including building materials, cement, fertilisers, and infrastructure concessions.”

Bishai said that ElBeltagy had been working in transition with Littel and the team “over the past few months”.

ElBeltagy has held a number of senior roles in corporate treasury, including her recent gig as the group treasurer. She joined Orascom Construction in 2006.

Prior to joining the company, ElBeltagy was part of the debt capital markets team at Commercial International Bank (CIB) in Egypt. 

Ms. ElBeltagy holds a B.A. in accounting and finance from the American University in Cairo.

Orascom Construction’s regional finance teams includes Omar Bebars as the CFO of the Middle East and Africa region; and Jeremy Marron as the CFO at The Weitz Company — acquired by the contractor in 2012 — in the US.

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