100 Most Powerful Arabs 2018
Wed 27 Jun 2018 09:18 AM
Naguib Sawiris

Company: Orascom

Designation: Chairman

His net worth of around $5bn makes him Egypt’s richest investor, via his family telco business, Orascom, investment bank Beltone Financial Holdings (BTFH) and, more recently, the launch of RiverBank, an independent bank based in Luxembourg.

Sawiris is also the largest foreign investor in North Korea and helped build the country’s first communication network. In May he announced plans to put half his worth into gold.