Egyptian Billionaire Swoops for New York’s Auerbach Grayson

  • Naguib Sawaris plans to create ‘Egypt’s largest player’
  • Sawiris’ Beltone ID buying control of U.S.-based brokerage

Billionaire Naguib Sawiris has stepped up efforts to create one of the largest financial advisory firms in Egypt with the purchase of a 51 percent stake in New York-based brokerage Auerbach Grayson & Co.

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