NEWS: Nassef Sawiris moves his NNS group to the Emirates

First published: 05-Dec-2023 17:32:44

Editorial team

Nassef Sawiris, Egypt's richest businessman, will move his NNS Group to the financial center Abu Dhabi Global Market, according to a statement reported by Bloomberg on Monday.

Nassef is one of the three brothers of the Sawiris family, one of the most famous business families in Egypt, famous for Orascom companies. The UAE - which is currently hosting the COP28 conference - is a regional hub for many companies.
“I am happy to announce our long-term commitment to the UAE and to the Abu Dhabi Global Market in particular,” Sawiris said in the statement, according to Bloomberg.

This is subject to regulatory approval, according to Bloomberg.

(Prepared by: editorial team, contact: zawya.arabic@lseg.com)

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