Do they have some financial link to our owner?
Quote from: PeterWithe on January 09, 2026, 04:26:36 PMDo they have some financial link to our owner?Yes. El Gouna Red Sea is owned, developed, and operated by Orascom Development Holding (also known as Orascom Development), an Egyptian multinational company specializing in creating sustainable, fully integrated communities with hotels, residences, marinas, golf courses, and more. The visionary behind the project is Egyptian billionaire Samih Sawiris (Nas's brother), who founded Orascom Development and conceived El Gouna in the late 1980s.
Quote from: Brazilian Villain on January 09, 2026, 04:32:16 PMQuote from: PeterWithe on January 09, 2026, 04:26:36 PMDo they have some financial link to our owner?Yes. El Gouna Red Sea is owned, developed, and operated by Orascom Development Holding (also known as Orascom Development), an Egyptian multinational company specializing in creating sustainable, fully integrated communities with hotels, residences, marinas, golf courses, and more. The visionary behind the project is Egyptian billionaire Samih Sawiris (Nas's brother), who founded Orascom Development and conceived El Gouna in the late 1980s.Ha ha, all totally legit for PSR purposes, I am sure!
Yeah, will this pass the arms-length related parties shiz?
Quote from: eamonn on January 09, 2026, 06:12:07 PMYeah, will this pass the arms-length related parties shiz?As long as it’s “fair value” does it matter?Genuine question.