Naguib Sawiris | Gulf Business
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53. Naguib Sawiris

Managing director and CEO, Orascom Investment Holding

Origin: Egypt

Residence: Egypt

Sector: Diversified

2024 Rank: 52

Sawiris is an Egyptian billionaire businessman and the eldest son of the prominent Sawiris family.

He played a pivotal role in expanding the family business, Orascom, into various sectors, notably telecommunications. In 2011, he sold Orascom Telecom to VimpelCom, marking one of the industry’s significant deals.

Currently, Sawiris serves as the executive chairman of Orascom Investment Holding, focusing on sectors such as financial services, agriculture, real estate, logistics, and transport.

He also chairs La Mancha Holding, an investment vehicle with interests in gold mining companies like Evolution Mining and Endeavour Mining.

In November 2024, Sawiris announced the launch of MONIIFY, a digital business platform aimed at empowering millennials and Gen Z entrepreneurs in emerging markets.

As of 2024, his net worth is estimated at $7.6bn, making him one of Africa’s wealthiest individuals.

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