Nassef Sawiris's Gulfstream G700 lands in Sharm El Sheikh amid OCI buyout talks

Nassef Sawiris's Gulfstream G700, registered as M-USIK, was tracked flying from Azraq Highway Strip in Jordan to Sharm El Sheikh International Airport on June 25, 2026, a 36-minute hop that reached 40,000 feet. The aircraft departed the remote Jordanian airstrip at 20:37 UTC and touched down in the Red Sea resort at 21:13 UTC.

If Nassef Sawiris was aboard, the timing places him in Egypt the same week OCI Global N.V. confirmed receipt of an unsolicited voluntary cash offer from his investment vehicle NNS Holding at €4.10 per share, per a June 25 PRNewswire report. The offer aims to resolve an impasse over a proposed transaction with Orascom Construction PLC, with OCI's board supporting the deal while awaiting a decision from court-appointed members. Sharm El Sheikh, a known retreat for the Sawiris family, offers proximity to Cairo without the capital's bustle.

The flight follows a busy week for the aircraft, which shuttled between Paris, London, and Abu Dhabi before the Jordan stop. Nassef Sawiris, who recently closed his London family office after relinquishing UK residency per Bloomberg, now divides time between Italy and Abu Dhabi, making this Egyptian stop a rare return to home territory.