The Egyptian multimillionaire Samih Sawiris (center), main shareholder of the German travel group FTI, with his brothers Naguib (left) and Nassef. picture alliance/KEYSTONE | URS FLUEELER
The future of the FTI Group appears uncertain. Europe’s third largest tour operator has been looking for a new investor for months.
The main shareholder of the holiday group is a branch of an Egyptian billionaire family.
Samih Sawiris has implemented several mega-projects in the tourism industry. His son now runs the business. Business Insider introduces the entrepreneurial dynasty.
Everyone in the tourism industry has been talking about it for months FTI Group. The future of Europe’s third largest tour operator appears uncertain. This is mainly because one man is silent: Naguib S. Sawiris. The entrepreneur could quickly end the speculation about RTI. Because he represents the owner of the ailing company.
Sawiris comes from an Egyptian billionaire family; his father Samih created an impressive holiday empire with Orascom Development Holding (ODH). In 2020, his Luxembourg family office took over more than three quarters of the shares in the FTI Group. This meant that company founder Dietmar Gunz was disempowered and the Sawiris family has been in charge in Munich ever since.