He is the former executive chairman of the board of directors and CEO of Orascom Development Holding AG.

[2] As of 2015, his net worth was estimated at US$850 million, which at the time made him the 26th richest person in Africa.

He has served as CEO and chairman of Orascom Development Holding AG from its incorporation, and stepped down in December 2021.

[9][10] In 2017, he invested in Bidroom, a membership-based online hotel booking platform.

[11] In December 2019, he acquired Thomas Cook (Germany) through his Raiffeisen Touristik (RT) Group,[12][13] which he had bought 74.9% of its shares back in 2014.