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In 2008, Samih Sawiris, heir to a wealthy Egyptian dynasty, attracted Swiss investors to Orascom Development Holding, raising 688 million Swiss francs. However, the company's share price plummeted from 152 to nearly 4 francs by 2024, prompting plans for delisting and offering minority shareholders a mere 90 million francs, while Sawiris retains significant investments in Switzerland and beyond. Critics argue that his approach is exploitative, raising concerns about his potential Swiss citizenship.
Hosni Mubarak
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
the rise and fall of samih sawiris in swiss investments
07:05 14.01.2025
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