Nassef Sawiris's Gulfstream G700 lands in Damascus the day of OCI cash offer announcement

On June 25, 2026, Nassef Sawiris's Gulfstream G700 (registration M-USIK) was tracked flying from Cairo International Airport to Damascus International Airport, completing a one-hour hop at 18:29 UTC. The aircraft had made a similar trip in reverse the previous day, suggesting a pattern of regional shuttling.

If Nassef Sawiris was on board, he would have arrived in Damascus the same day that his family office, NNS Holding, confirmed it intended to launch a voluntary all-cash offer for OCI N.V. at EUR 4.10 per share, per a Laotian Times report. The unsolicited bid aims to resolve an impasse over OCI's proposed transaction with Orascom Construction PLC — a company Sawiris controls — and offers minority shareholders a cash exit.

The flight to Damascus is notable given Sawiris's recent relocation from London to Italy and Abu Dhabi, as reported by Bloomberg in April. His aircraft has frequented Cairo, Damascus, and European hubs in recent weeks, underscoring a busy period of dealmaking and regional travel as he consolidates his business interests.