Naguib Sawiris

 ( 1954 Births ) 

In August 2012, Sawiris was appointed chairman of La Mancha Holding.

In 2014, Sawiris raised more than US$4 billion when he sold his stake in his telecommunications companies to Russian company VEON.

In early 2015, Sawiris bought a majority stake in the pan-European television channel Euronews. He remained as the main shareholder until beginning the process of selling his stake to Alpac Capital in December 2021.

In September 2015, he offered to buy an island off Greece or Italy to help hundreds of thousands of refugees fleeing the Syrian conflict. However, he conceded the plan could face challenges in terms of jurisdictions and customs regulation.

In May 2016, Sawiris sold his stake in the Egypt-based TV channel ONTV to Ahmed Abou Hashima.

In December 2016, Sawiris resigned as the CEO of Orascom Telecom Media & Technology.

The Ora Developers, formerly known as the Gemini Global Development, was launched in 2016. The company owns a $2.5 billion global real estate portfolio comprising the Silver Sands mixed-use project in Grenada, Ayia Napa Marina in Cyprus, and the Eighteen luxury residential project in Islamabad, Pakistan. In 2023, it was reported that Sawiris is considering an investment in Barrick Gold Corp.'s $7 billion Reko Diq copper-gold project in Pakistan.

On 31 January 2024, the Iraqi government announced the signing of a contract with Ora Developers to develop the largest residential city in Iraq named "Ali Al-Wardi City". The planned new city, located approximately southeast of Baghdad and spanning a total area of , includes "120,000 different housing units along with green spaces, urban amenities, and smart city technology to apply cutting-edge standards in sustainability and environmental preservation." The project is named after the Iraqi intellectual Ali Al-Wardi and aims to reduce population pressure on Baghdad.

Ora Developers announced that Bayn is ORA’s first project in the UAE. It is a new smart and sustainable city being built in Ghantoot, between Abu Dhabi and Dubai. Covering , Bayn will offer modern living with a focus on technology, green spaces, and a high-quality lifestyle.

In 2008, the Algerian government declared its intention to increase its stake in Djezzy and take greater control over the telecommunications sector. Sawiris saw this as a direct challenge to his ownership and a violation of the agreement under which Orascom had invested in Algeria. Two years later, in 2010, Russian company VEON (now VEON) acquired Orascom and merged with it for $6.4 billion. In 2012, Sawiris filed a lawsuit against the Algerian government at the International Centre for the Settlement of Investment Disputes (ICSID), claiming $4 billion in damages. He argued that the government had waged a campaign of interference and harassment, ultimately forcing him to sell the company for a much lower price through the merger with VimpelCom. The dispute came to an end in 2014 when VimpelCom agreed to sell a 51% stake in Djezzy to the Algerian National Investment Fund (FNI) for $2.64 billion. In 2017, however, the ICSID ruled in favor of the Algerian government, dismissing Sawiris's $4 billion claim.