Orascom Construction, owned by Egypt’s richest family, eyes Abu Dhabi listing
Egypt’s Sawiris family-led Orascom Construction shifts primary listing to Abu Dhabi Securities Exchange.
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Egypt’s Sawiris family-led Orascom Construction shifts primary listing to Abu Dhabi Securities Exchange.
Sawiris, the chairman of OCI, reaffirms his confidence in the recently announced sale, highlighting its potential to create value.
The billionaire influx includes Egypt’s richest man, a crypto industry leader, and a hedge fund tycoon.
Sawiris eyes Africa, the Middle East, and beyond with Abu Dhabi as the springboard.
He is set for an entry into the region through his Swiss-based firm, Earth Space Technical Ecosystem Enterprises.
It is unclear how much of the 59.22 percent stake held by Orascom Financial Holding, a firm led by the billionaire Sawiris family, was acquired during the transaction.