Annual Report - Orascom Development

Short Term Portion
of the long term loan
31/12/2006
LE
Collateral Given as per contract
6,281,000
1,413,415
7,789,188
6,607,329
12,812,003
891,000
9,051,447
An official first class commercial pledge on the company’s premises and all its tangible and intangible assets and an official first
class real estate mortgage on the company’s land.
An official first class commercial pledge on the tangible and intangible assets of the hotel and a real estate first class mortgage on
the land of the hotel and the hotel.
A commercial pledge on all the tangible and intangible assets of the company and a real estate mortgage on the land of the hotel.
The company promises to pay the pledges settlement in case of Golf Co. failure to pay.
An irrevocable power of attorney in favor of the bank managing the loan to undertake a first class commercial pledge on all the
tangible and intangible assets of the company’s premises and an official first class real estate mortgage on the land allocated for
building the hotel.
A first class preference real estate mortgage on the land of the company’s project in El Akaba bay and all its proposed buildings
and facilities and a commercial first class preference pledge on the tangible and intangible assets of the company / guaranteed by
Orascom Hotels Holding
An official first class real estate mortgage, pari passu and pro rata to the shares of the LE nding banks on the plot of land owned
by the company in addition to an official first class commercial pledge, pari passu, among the LE nding banks and pro rata to their
shares on all the tangible and intangible assets of the company.
A power of attorney to undertake a commercial first class preference pledge on all the tangible and intangible assets of the
company’s premises and a real estate mortgage on the plot of land owned by the company and the facilities constructed thereupon
and a pledge on 33 946 shares of the total shares owned by the company in the capital of El Gouna Co. for Hotels and the related
dividends.
2,189,439 Promissory notes of the same amount of the loan amount of LE13,000,000.
3,670,169
5,007,847
3,083,400
Acquoistion pledge of the owned by Eng.Samih Sawirs , chairman in the amount of 85 000 shares of the shares of Orascom
Construction & Industry shares company , with a loan percentage of 40% and a number of 826,000 shares of the shares of Orascom
Hotels and Developement Company (previously Orascom Projects and Touristic Developement), with a loan percentage of 40%.
Pledging 625,000 share of the shares owned by Eng / Samih Onsy Naguib Sawirs the chairman in the capital of Orascom for
construction and Industry as acquistion pledge in favour of bank,the market value for the pledge share 150%from te Egyptian
Pound equivalent to financing value.
An official first class preference real estate mortgage on the whole land and building constructed thereon considering that such
mortgage shall be undertaken after registering the land at Notarization Authority
58,796,237
12,227,154
5,131,381
120,714,290
A first class commercial pledge on electronic station No. 5 & drainage station and 2,000,000 shares of Orascom Hotels
Holding Company shares .
An irrevocable power of attorny on all assets of the company in El Gouna and an amount of LE50 million, stock balance
of Orascom Hotels Holding Company.
With Gurantee of Solidarity Allownce Signed by Eng / Samih Onsy Sawiris as a chairman and a promissory note in favour of CIB
bank Amounted to LE75 million signed by Eng / Samih Onsy Sawiris as chairman of the Company .
Loan with an amount LE45,714,290 From International Commerical Bank in January 2006 with intrest 12% to settle Orascom
Hotels and Development bonds , the loan ending in July 3 2006.
196,869,062