Nassef Sawiris's Orascom Construction posts record $9 billion backlog and a 65% profit jump
Orascom Construction posted a record $9 billion backlog and a 65% profit jump in 2025 as the United States became a major growth driver for the group.
Nassef Sawiris
Three brothers, one dynasty: Inside the Sawiris family's $16.6 billion African empire
Egypt's Sawiris brothers have built a $16.6 billion empire spanning fertilizers, telecom, luxury tourism and Premier League football across three continents.
Adidas nominates $9.3 billion Egyptian mogul Nassef Sawiris as its next chairman
Nassef Sawiris, worth $9.3 billion and already a major Adidas shareholder, is set to become the sportswear giant's next chairman.
Adidas taps billionaire Nassef Sawiris as chair
Adidas is replacing its embattled chairman with Egyptian billionaire Nassef Sawiris and keeping CEO Bjorn Gulden locked in through 2030.
Egyptian billionaire Nassef Sawiris steps down as OCI Global executive chair
Nassef Sawiris, Egypt's richest man, is leaving OCI Global's top seat, citing other professional commitments, effective at the next AGM.
Egyptian billionaire Nassef Sawiris plans $50 billion U.S. infrastructure investment
Nassef Sawiris plans $50 billion U.S. infrastructure bet as Orascom shifts focus from Europe to Gulf and America.
Egyptian billionaire Nassef Sawiris’ OCI to reward shareholders with $700 million payout
OCI, led by billionaire Nassef Sawiris, approves $700 million shareholder payout via capital repayment or dividend, backed by strong financial reserves.
Orascom, controlled by Egypt’s richest family, gets board approval for ADX listing
The move, pending shareholder and regulatory approval, signals a shift by one of the Middle East’s top construction firms toward the UAE’s growing capital markets.
Egyptian billionaire Nassef Sawiris’ OCI finalizes $1.6 billion methanol business sale
OCI sells $1.6 billion methanol unit to Methanex, secures cash, cuts debt, and plans $1 billion shareholder payout by 2026.
Nassef Sawiris’ OCI targets ammonia project completion amid $1 billion payout
OCI nears completion of Beaumont ammonia plant and plans $1 billion shareholder payout as part of a wider transformation under billionaire Nassef Sawiris.
7 African billionaires pouring millions into the future of sports
Africa’s richest are reshaping sports, from rugby and football to basketball, using wealth to drive youth empowerment, global expansion and local impact.
Nassef Sawiris blames UK exit on Conservative government’s failing
Egypt’s richest man Nassef Sawiris left the UK for Italy, blaming “years of incompetence” by the Conservative government on tax policy.
Nassef Sawiris, Egypt’s richest person, relocates to Italy over tax changes in UK
The UK's abolition of the 200-year-old tax status prompted Sawiris, Africa's fourth-richest person with a $9 billion fortune, to reconsider his options.
10 lessons from African billionaires on achieving business growth
Billionaires.Africa shares 10 key lessons from African billionaires, practical insights to help entrepreneurs overcome challenges, seize opportunities, and build lasting businesses.
Nassef Sawiris, North Africa’s richest man, is $264 million richer this year
This follows a $310 million gain in 2024, when his wealth increased from $8.41 billion to $8.72 billion.
Egypt’s 10 richest businessmen in 2025
Their influence extends far beyond their home country, driving investment, policy shifts, and innovation.