Egyptian billionaire Nassef Sawiris has stepped down from his role as global executive chairman of OCI Global, marking a significant leadership transition at the multinational industrial company.

Sawiris, one of Africa’s wealthiest individuals, has played a key role in shaping OCI Global into a major player in the global chemicals and fertilizer industry. Under his leadership, the company expanded its international footprint, developing large-scale production facilities and strengthening its presence in Europe, the Middle East, and North America.

While stepping down from the executive chairman position, reports indicate that Sawiris will remain connected to the company in a strategic capacity, continuing to support long-term corporate direction and investment decisions.

OCI Global is known for producing nitrogen-based fertilizers, methanol, and other industrial chemicals used across agriculture and manufacturing sectors worldwide. The leadership change is expected to support the company’s next phase of growth and operational transformation as it navigates evolving global energy and industrial markets.

Sawiris remains an influential figure in global business, with major investments spanning chemicals, construction, sports, and international finance.