Nassef Sawiris lands in London after closing his family office there

Nassef Sawiris flew from Paris-Le Bourget to London Luton on June 20 aboard his Gulfstream G700, tail M-USIK, a 46-minute hop across the Channel. The trip follows a day in Paris on June 19 and precedes what has become a less frequent pattern: visits to a city where he no longer holds residency.

Sawiris is in London the same week that the final dissolution of his family office's London branch, NNS Group, is being completed, per Bloomberg and Yahoo Finance reports from April. The Egyptian billionaire relinquished his UK residency in early 2025 after the country abolished its non-domicile tax status, moving his personal residence to Italy and Abu Dhabi. The London office began winding up a year ago and submitted final notices to dissolve by the end of April 2026.

The flight is a logistical coda rather than a business pivot. Sawiris still owns Aston Villa FC — now valued at over £1 billion after winning the Europa League, per Billionaires.Africa — and the club requires his presence. But the tax-driven departure from the UK, combined with his reorganized Orascom Construction holding and a $50 billion Abu Dhabi infrastructure platform, suggests London is now a destination for oversight, not residence.