Nassef Sawiris


Nassef Sawiris is an Egyptian businessman and the youngest of the three sons of Egyptian billionaire and founder of the Orascom conglomerate, Onsi Sawiris.

He heads Orascom Construction Industries (OCI), one of the largest companies in the North Africa region.
In January 2013, Nassef announced that OCI was exchanging all global depositary receipts of the company for newly issued shares of OCI NV on the NYSE Euronext in Amsterdam or in exchange for cash.

A consortium of investors, including Microsoft Founder Bill Gates, provided the $1 billion in fresh capital required to pay off investors.

The overwhelming majority of the shareholders accepted the buyout offer, which subsequently led to the company’s delisting on the EGX.

Nassef was a board member of NASDAQ Dubai from July 2008 – June 2010 where his is still a board member and currently sits on the boards of Besix (Belgium) and NNS Holding (Luxembourg).

In addition, he served on the Board of Directors of the Cairo and Alexandria Stock Exchanges from 2004 to 2007.

Nassef serves as a Director at Lafarge, the French cement giant and the Dubai International Financial Exchange.

Nassef net worth is estimated at $5.2 billion.


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