Nassef Sawiris's Gulfstream G700 returns to Cairo amid OCI takeover bid

Nassef Sawiris's Gulfstream G700, tail M-USIK, was tracked departing Mykonos Island National Airport (LGMK) on June 30, 2026, at 21:46 UTC and landing at Almaza Air Force Base (HEAZ) in Cairo 1 hour 16 minutes later.

If the Egyptian billionaire was aboard, the flight would bring him back to Egypt the same week he launched an all-cash €4.10 per share offer to take OCI Global private, as reported by billionaires.africa. The unsolicited bid aims to break a months-long governance impasse with minority shareholders over OCI's proposed combination with Orascom Construction.

Sawiris's aircraft had flown to Mykonos from Paris earlier on June 30, suggesting a brief Aegean stop before heading home. With OCI listed in Amsterdam and his Aston Villa interests in London, Sawiris frequently shuttles between business capitals, but this movement back to Cairo could signal preparations for the next phase of the buyout battle.