Financial services firm linked to Egypt’s Sawiris family suffers over $12 million in losses in H1 2022
OFH was founded in 1997 by the late Onsi Sawiris, a member of Egypt’s billionaire Sawiris family.
Naguib Sawiris
Egyptian billionaire Naguib Sawiris considers sale of Italy’s largest Internet services group
Sources say the Sawiris-led group is considering selling a minority stake or even a controlling stake.
Egyptian billionaire Naguib Sawiris says President Vladimir Putin ‘another Hitler in the making’
This is the latest comment by the Egyptian billionaire on the Russia-Ukraine crisis.
Egyptian billionaire Naguib Sawiris’ La Mancha moves to invest $10 million in graphite mining firm
The cash proceeds invested by La Mancha will be deployed by SRG to develop its Lola graphite project in Guinea.
Egyptian billionaire Naguib Sawiris advises gov’t on how to deal with rising oil, wheat prices amid Russia-Ukraine crisis
His advice comes almost two weeks after he warned Egypt’s government to stockpile wheat.
Egyptian billionaire Naguib Sawiris warns gov’t to stockpile wheat in view of Russia-Ukraine crisis
Wheat prices have risen by more than 5.7 percent since the news of the crisis surfaced this morning.
Wealthy Egyptian Sawiris family assists Mostafa El Beltagy-led Nawy in raising $5 million in funding
Nawy’s innovative solutions and services have assisted over 60,000 people in finding houses.
Egyptian billionaire Naguib Sawiris’ Orascom Investment sells stake in TWA in $35-million deal
TWA is a JV between Orascom, Orastar and Omar Abdul Mone’m Yousuf Al Zawawi of the Sultanate of Oman.
Egyptian billionaire Naguib Sawiris set to sell his majority stake in ‘struggling’ Euronews
The deal is expected to close in Q1 2022.
Egyptian tycoon Naguib Sawiris’ property firm Gemini gets $100 million in investment from Abu Dhabi-based Chimera
Gemini is a property developer under Ora Developers, a real estate operator and investment holding.
Egyptian tycoon Naguib Sawiris shuns Bitcoin, says cryptocurrencies are speculative
His statement comes at a time when the world is highly concerned about inflation.
Egyptian billionaire Naguib Sawiris unveils new mining fund, La Mancha Fund SCSp
The fund will be dedicated primarily to gold mining.
Egyptian billionaire Naguib Sawiris’ Orascom invests $12.7 million in Giza pyramids
Sawiris said Orascom has long been interested in participating in developing the area.
Naguib Sawiris-linked Endeavour Mining lists on London Stock Exchange
Endeavour Mining is West Africa’s largest gold producer.
Suez Canal Authority’s $916-million demands unrealistic: Naguib Sawiris
The Egyptian billionaire said the authority’s demands contradict national interests.
Naguib Sawiris steps down as chairman of Orascom Investment Holding
Egyptian billionaire businessman Naguib Sawiris has stepped down from his role as the chairman of Orascom Investment Holding.