Egyptian billionaire Nassef Sawiris is set to become the chair of German sportswear brand Adidas at its shareholder meeting in May, replacing a longtime chair who oversaw the company’s post-pandemic ...

Discover the Sawiris brothers, African billionaires with a combined net worth of about $16 billion, dominating industries ...

March 4 (Reuters) - Adidas ⁠is ⁠proposing board ⁠member Nassef Sawiris as its ​new chairman, taking over from ‌Thomas Rabe, the ‌sportswear company said ⁠on ⁠Wednesday. Adidas has also extended to the ...

The move comes as Adidas also extended CEO Bjorn Gulden’s contract through the end of 2030, signaling continued support for ...

Yousriya Loza-Sawiris, the matriarch of one of Egypt's wealthiest families—their business interests span telecommunications, ...

SHARM EL SHEIKH, Egypt, March 15 (Reuters) - Top Egyptian businessman Naguib Sawiris said he was ready to invest $500 million in Egypt and was diversifying his telecoms business into infrastructure, ...

(Reuters) -Egypt's richest man Nassef Sawiris is seeking to invest up to $50 billion in U.S. infrastructure projects and is consolidating his publicly traded holding companies in Abu Dhabi, the ...

The International Finance Corporation (IFC) is considering a $40 million investment in Nile Sugar Company, a sugar beet project owned by one of Egypt’s leading business families, as the country works ...

Egyptian billionaire Naguib Sawiris said on Tuesday that he is returning to politics to press for more freedoms in the North African country after staying away out of frustration. "To the esteemed ...