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Wed 10 Dec 2008 06:40 PM

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Rich List-Najib Mikati

Rich List-Najib Mikati

Like many of our rich list entrants Mikati has widespread business dealings, this time across Syria. The telecoms tycoon and founder of Mikati Communications Group, which includes Investcom, maintains a close relationship with the Syrian president Bashar Al Assad.

Ivestcom Holding is a leading Middle East mobile phone company that formerly ran Lebanon's now defunct Cellis network. The company, established in 1982, has interests in Yemen, Syria and Cyprus. In June 2006 Mikati sold the firm to South Africa's MTN Group for $5.5bn but still remains involved with the company in his capacity as vice chairman.

Mikati served as minister of public works and transport for six years in Lebanon during the premiership of Rafik Hariri who was assassinated on Feb 14, 2005. He was appointed prime minister-designate in 2005 as Lebanon prepared itself for free elections after the withdrawal of Syrian troops. Mikati won the nomination of the country's 128-member parliament and was first elected to parliament in 2000.

With brother and business partner, Taha, he recently funded public policy studies fellowship at University of Chicago.

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