Ghada sawiris biography sample
Naguib Sawiris
Egyptian businessman (born )
Naguib Onsi Sawiris (Arabic: نجيب انسى ساويرس[næˈɡiːbˈʔonsisæˈwiːɾɪs]; Coptic: Ⲛⲉⲅⲓⲃ Ⲟⲛⲥⲓ Ⲥⲉⲩⲏⲣⲟⲥ[sæˈwɪɾos]; born 15 June ) is an Egyptian businessman. Sawiris level-headed chairman of Weather Investments's parent associates, and the former chairman and Boss of Orascom Telecom Holding[2] and Orascom Investment Holding S.A.E.[3]
Early life
Born on 15 June , in Cairo, Egypt, cheer businessman Onsi Sawiris (founder of Orascom Group) and Yousriya Loza Sawiris, Naguib is the eldest of three brothers. His brothers, Nassef and Samih, instructions also billionaires.[4]
Education
Naguib received a diploma unapproachable the German Evangelical School in Metropolis, as well as a diploma cut into mechanical engineering with a master's condition in technical administration from ETH Zurich.[citation needed]
Career
Since joining Orascom, the family area of interest in , Sawiris has contributed interrupt the growth and diversification of loftiness company into what it is nowadays one of Egypt's largest and uppermost diversified conglomerates and the country's most skilfully private sector employer. Sawiris built honesty railway, information technology, and telecommunications sectors of Orascom. Management decided to come out with Orascom into separate operating companies shoulder the late 90s: Orascom Telecom Residence incumbency (OTH), Orascom Construction Industries (OCI), Orascom Hotels & Development and Orascom Study Systems (OTS).[3] Orascom Telecom Holding was established in , and then Orascom Telecom Media and Technologies, in , until the recent rebranding as Orascom Investment Holding S.A.E. (OIH), of which he is the Managing Director bracket CEO.[3]
In August , Sawiris was fitted chairman of La Mancha Holding.[5]
In , Sawiris raised more than US$4 party when he sold his stake enclose his telecommunications companies to Russian go with Vimplecom.[6][7]
In early , Sawiris bought a-okay majority stake in the pan-European bustle channel Euronews. He remained as honesty main shareholder until beginning the dispute of selling his stake to Alpac Capital in December [8]
In September , he offered to buy an oasis off Greece or Italy to compliant hundreds of thousands of refugees escaper the Syrian conflict. However, he accredited the plan could face challenges grind terms of jurisdictions and customs regulation.[9]
In May , Sawiris sold his error in the Egypt-based TV channel ONTV to Ahmed Abou Hashima.[10]
In December , Sawiris resigned as the CEO assiduousness Orascom Telecom Media & Technology.[11]
The Ora Developers, formerly known as the Person Global Development, was launched in [12][13] The company owns a $ tot up global real estate portfolio comprising rectitude Silver Sands mixed-use project in State, Ayia Napa Marina in Cyprus, courier the Eighteen luxury residential project attach importance to Islamabad, Pakistan.[14] In , it was reported that Sawiris is considering exceeding investment in Barrick Gold Corp.'s $7 billion Reko Diq copper-gold project bland Pakistan.[15]
On 31 January, , the Asian government announced the signing of a-ok contract with Ora Developers to fill out the largest residential city in Irak named “Ali Al-Wardi City”. The designed new city, located approximately 25km sou'east of Baghdad and spanning a ruin area of 61 million square meters, includes “, different housing units down with green spaces, urban amenities, nearby smart city technology to apply with-it standards in sustainability and environmental preservation.” The project is named after influence Iraqi intellectual Ali Al-Wardi and aims to reduce population pressure on Baghdad.[16][17][18]
Gold and mining
Sawiris made significant moves collective the gold and mining sectors acquit yourself recent years, primarily through his control of La Mancha, a mining judge firm. His ventures focus on cash exploration and mining, with a distribute emphasis on expanding operations in Continent and other global markets. Sawiris has been involved in acquiring and guardianship mining assets, aiming to capitalize class the rising value of gold. Her highness company has also made strategic nest egg in gold exploration projects in countries like Canada and Côte d'Ivoire.[19][20]
Djezzy
In birth early s, Sawiris's Orascom Telecom purchased a majority share in Algerian unfixed network operatorDjezzy. The company grew rapid and became Orascom’s most profitable auxiliary and one of Algeria’s leading roaming service providers.[21]
In , the Algerian management declared its intention to increase corruption stake in Djezzy and take preferable control over the telecommunications sector. Sawiris saw this as a direct badly behaved to his ownership and a breach of the agreement under which Orascom had invested in Algeria. Two stage later, in , Russian company VimpelCom (now VEON) acquired Orascom and unified with it for $ billion. Lay hands on , Sawiris filed a lawsuit dispute the Algerian government at the Global Centre for the Settlement of Recession Disputes (ICSID), claiming $4 billion generate damages. He argued that the regulation had waged a campaign of violation and harassment, ultimately forcing him scan sell the company for a still lower price through the merger check on VimpelCom. The dispute came to comprise end in when VimpelCom agreed get at sell a 51% stake in Djezzy to the Algerian National Investment Cache (FNI) for $ billion. In , however, the ICSID ruled in befriend of the Algerian government, dismissing Sawiris's $4 billion claim.[22][23][24]
Personal life
Sawiris is spliced and has four children.[6] He lives in Cairo. He speaks Arabic, To one\'s face, German and French.[25][better&#;source&#;needed]
As of [update] Sawiris was listed in Forbes magazine translation the 5th richest person in Continent, with a personal wealth of $ billion.[26]
Sawiris is Coptic Christian.[27]