The leading Egyptian billionaire has seen his ranking on the Bloomberg Billionaires Index slip following a decline in the market value of …
Nassef Sawiris
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The recent surge in the share price of Adidas has bolstered Sawiris’ wealth significantly, with his stake now valued at $2.71 billion.
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This is attributed to lower global nitrogen pricing and a reduction in natural gas prices in Europe and the United States following …
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Throughout 2023, Orascom Construction expanded its footprint by securing quality, internationally funded projects in Egypt and diversifying its presence in the UAE.
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Egypt’s richest man Nassef Sawiris has experienced a remarkable upswing in his fortunes, with his net worth skyrocketing by $230 million in …
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Sawiris hails U.S. investor Jeff Ubben’s influence as OCI embraces strategic overhaul.
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This downturn — which translates to an average daily loss of $8.16 million since the start of the year — is linked …
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A significant part of this wealth reduction stems from his considerable 38.8-percent ownership in the Dutch fertilizer company OCI N.V. and a …
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Boasting a net worth of $8.3 billion, Sawiris now comfortably sits among the ranks of the world’s 300 wealthiest individuals.
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Sawiris, the chairman of OCI, reaffirms his confidence in the recently announced sale, highlighting its potential to create value.