Nassef Sawiris tops the list, while Naguib Sawiris came in the sixth spot
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Combination agreement originally includes transaction valued at $8bn
Deal valued at $8bn, OCI would own approximately 27.7% of the new company
Financing was obtained in record timing, the top Egyptian businessman added
EGAS pumps 60% of factories’ fuel needs after Sawiris donates EGP 2.5bn to Long Life Egypt fund
The four-year project will be executed in cooperation with UAE-based IPIC
Company has not decided country for initial IPO yet
We continue to be committed to investing in Egypt, construction tycoon said.
Less than one week after Abdel Fattah Al-Sisi’s presidential victory, Sawiris family announces second investment
Sawiris further said in a statement made to Reuters that Morsi sought to reign in and contain a number of Egypt’s leading businessmen and companies through the imposition of stringent new tax laws due to their position as members of the country’s opposition.
Greeted by presidential envoy
Workers from all Orascom companies blocked the Corniche road Wednesday in protest over the travel bans imposed on Onsi and Nassef Sawiris
Presidential message sent out to Egyptian businessmen during CI Capital conference in London