Home lists 100 Most Powerful Arabs 2023 Naguib Sawiris Managing director and CEO, Orascom Investment Holding Origin: Egypt Residence: Egypt Sector: Diversified Naguib is Nassef Sawiris’ elder brother. He owns stakes in gold mines, including Endeavour Mining, Golden Star Resources and Altus Strategies through his closely held company, La Mancha Resources. Under his guidance, La Mancha made a series of investments in 2022, including $25m in Horizonte Minerals, $69m in G Mining Ventures and the acquisition of an $8.5m stake in Elemental Royalties. La Mancha has invested $1.3bn as of December 2022. The tycoon is the executive chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. He also chairs Orascom Investment Holding, La Mancha Holding – a private natural resource investment vehicle and Ora – a real estate developer investing in several prime locations worldwide.