Egyptian President Abdel Fattah El-Sisi issues a Presidential Decree “No. 327 of 2024 ” extending the service of Admiral Osama Rabie as Chairman of the Suez Canal Authority ” SCA ” and Managing Director for a period of one year starting from 12/8/2024
Top 100 CEOs
It is noteworthy that Forbes chosed Rabie from the Top 100 CEOs In The
Middle East 2022 number !o worldwide in Logistic
Public and Independent
The SCA was established in 1956 to manage, maintain, and improve the Suez Canal’s operations, taske as a public and independent authority ,with the role of managing, operating, using, maintaining and improving the Suez Canal although the SCA ( 14,000 employee ) shall report to the Prime Minister
Presidential decree in 2019.
It reported revenues of $6.3 billion in 2021, an increase of 12.8% compared to 2020 and the highest in its history. In the same year, 1.3 billion in net tonnes was shipped through the Suez Canal via 20,694 ships. Rabie assumed his current role through a presidential decree in 2019.
