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.
Sawiris family
Egyptian billionaire Naguib Sawiris's family seeks $150 million in London fraud trial
The family investment arm of Egyptian telecom billionaire Naguib Sawiris has opened a 10-week London trial over an alleged foreign exchange fraud.
Swvl raises $13m from Naguib Sawiris-backed Coefficient for US push
Four years after a $1.5bn SPAC listing that unravelled, Egypt's Swvl has raised $13 million led by Coefficient LP, the Houston firm backed by the Sawiris family — funding a US push and a new lending product for transport operators.
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.
Orascom Construction, led by Egypt’s richest family, gains backing for OCI deal
Orascom Construction shareholders approved an OCI unit acquisition and a 97 million capital raise, expanding assets and boosting issued shares.
Investment firm backed by Egypt's billionaire Sawiris family in talks to acquire Bugatti stake
Sawiris-backed HOF Capital and BlueFive are in talks to buy Porsche’s Bugatti Rimac stake, with a deal valued around $1.2 billion.
Sawiris family’s Orascom opens Four Seasons Telluride resort in U.S.
Located on a 4.5-acre parcel in the mountain community of Telluride, the new resort covers about 532,000 square feet.
Egypt’s richest family to merge OCI Global and Orascom Construction, aiming to build a global infrastructure giant
Sawiris family eyes bold merger of OCI Global and Orascom Construction, creating a global infrastructure and investment powerhouse anchored in Abu Dhabi.
Orascom, owned by Sawiris family, plans Egypt cutback after $2.6 billion Saudi deal approval
CEO Osama Bishai said Orascom is prioritizing projects with foreign currency funding and international financial backing.
Orascom Construction, backed by Egypt’s richest family, advances in $2.6 billion Saudi deal
Orascom Construction secures green light for a $2.6 billion Qurayyah IPP expansion in Saudi Arabia, reinforcing its regional energy footprint with a 3GW boost.
Construction giant led by North Africa's richest family joins efforts to expand wind farm in Egypt
Orascom Construction, a global engineering leader, expands its renewable energy portfolio in Egypt.
Orascom Construction, led by Egypt’s richest family, reports $8.1-billion backlog
Throughout 2023, Orascom Construction expanded its footprint by securing quality, internationally funded projects in Egypt and diversifying its presence in the UAE.
African billionaires’ families absent from global top 25 richest families ranking
As the Al Nahyan family claims the top spot with a $305-billion fortune, the absence of African billionaire families highlights the stark disparities in wealth accumulation.
Orascom Construction, owned by wealthy Sawiris family, signs two major transportation projects in Egypt
The Group’s current and past projects include major projects such as high-speed rail, metro, monorail, railway, and light rail transit
Orascom, owned by Egypt’s richest family, to construct new $1.4-billion metro system
Founded in 1950 by the late Egyptian tycoon Onsi Sawiris, Orascom Construction is led by the Sawiris family.
Led by Egypt’s richest family, Orascom Construction reports profit of $40.1 million in Q1 2023
Established in 1950 by the late Egyptian businessman Onsi Sawiris, Orascom Construction is majority-owned by the Sawiris family.