Feb. 2 (Bloomberg) -- North Korea’s ceremonial head of state met Naguib Sawiris, founder and executive chairman of Egypt’s Orascom Telecom Holding SAE, the state-run Korean Central News Agency reported.

Kim Yong Nam, president of the Presidium of the Supreme People’s Assembly, held friendly talks with Sawiris today, KCNA said without elaborating. The Cairo-based telecommunication company bought a 25-year mobile phone license in North Korea in 2008, KCNA said.

--Editor: Nicholas Wadhams

To contact the reporter on this story: Sangwon Yoon in Seoul at syoon32@bloomberg.net

To contact the editor responsible for this story: Peter Hirschberg at phirschberg@bloomberg.net -0- Feb/02/2012 07:58 GMT