Nassef Sawiris is shutting down his family office’s London branch after recently relinquishing his UK residency, deepening cracks in the nation’s private wealth sector in the wake of tax changes.
The Egyptian billionaire’s private investment firm, NNS Group, has submitted a final notice to complete winding-up its entity in the English capital by the end of this month, a year after the family office first began a process to dissolve voluntarily, according to registry filings. Sawiris, 65, now a resident of Italy and Abu Dhabi, extracted most of his equity from the firm in early 2025 after resigning ...
