Egyptian billionaire Samih Sawiris's Orascom Development lifts nine-month profit to $85 million
Samih Sawiris's Orascom Development Egypt grew nine-month net profit 24% to EGP4.7 billion as revenue rose 35%, led by sales at its resort towns.
Orascom Development
Egyptian billionaire Samih Sawiris lines up daughter to lead family's film festival
Egyptian billionaire Samih Sawiris says the Sawiris family is handing the El Gouna Film Festival to its next generation, starting with his daughter Talia.
Egyptian billionaire Samih Sawiris' Orascom Development secures $356 million loan for Cairo mega-project
Orascom Development Egypt, founded by Samih Sawris, has secured a $356 million syndicated loan from three top Egyptian banks to accelerate its O West project.
How Samih Sawiris turned a Red Sea desert into a city and built a $1.4 billion empire
Samih Sawiris once waited tables in Berlin. Today he is worth $1.4 billion, having built cities from scratch across four countries through Orascom Development.
Egyptian billionaire Samih Sawiris confirms transfer of Orascom Development shares to his son
Samih Sawiris confirms he transferred all Orascom Development shares to his son Naguib, marking a generational shift in the Egyptian billionaire’s empire.
Samih Sawiris acquires $400-million Moroccan tourism project, expands influence in North Africa
Billionaire Sawiris-led consortium to develop Essaouira Mogador with new hotels, resorts, and residential complexes.
Samih Sawiris shifts focus to Saudi Arabia, puts new investments in Egypt on hold
Sawiris, along with his brothers Nassef and Naguib Sawiris, is one of Egypt’s wealthiest businessmen.