Nassef Sawiris

Egyptian construction billionaire

Youngest son of Orascom founder and billionaire Onsi Sawiris. Took over leadership of empire's flagship construction and fertilizer division in 1998. In 2007, sold cement business in Algeria to French construction giant Lafarge. Owns 13.9% stake in Lafarge, and sits on board . Also largest shareholder in cement producer Texas Industries. Had berated management's poor performance, but recently reached agreement to boost stake to no more than 20%. Shares of Orascom on London exchange plunged by more than one-third after uprising in Egypt.

Relationships Interlocks Giving Data

Business Positions

Orascom Construction Industries Construction and fertilizer company

• Position

Board Memberships

Nile City Investments

• Board Member

Holdings

Texas Industries Inc A supplier of heavy construction materials in the United States. The Company operates in three segments: cement, aggregates and consumer products.

• Owner; percent stake: 24%

Family

Samih Sawiris Egyptian hotels billionaire

• brother

Naguib Sawiris Egyptian telecom billionaire

• brother

Onsi Sawiris Egyptian construction billionaire

• father

Schools

University of Chicago Founded in 1890 with a gift from John D. Rockefeller

• BA, Economics

Types	Person, Business Person
Gender	Male