Sawiris is set to replace outgoing chairman Thomas Rabe when his term ends at the close of the meeting.
Adidas will also propose Sawiris’s re-election to the supervisory board for another three-year term. He has been a board member since 2016 and has served as deputy chairman since 2025.
Sawiris holds about 7 percent of Adidas through his family investment vehicle, NNS Group. He has an estimated net worth of nearly $9 billion and is ranked fourth on Forbes’ 2025 list of the World’s Richest Arabs.
He serves as executive chairman of Netherlands-based fertilizer producer OCI NV, as well as chairman and chief executive of Cayman Islands-based Avanti Acquisition Corp. Sawiris is also the executive chairman of Aston Villa FC.
Sawiris sits on the member partners council of Exor NV and on the international council of JPMorgan Chase.
The Sawiris family controls a diversified business empire spanning construction, telecommunications, media, tourism, and finance, with companies across Europe, the Middle East, Africa, and North America, many of which are listed on stock exchanges in Cairo, Amsterdam, and Abu Dhabi.
In September 2025, Sawiris signalled plans to invest up to $50 billion in US infrastructure projects as part of a broader restructuring of his global portfolio, including merging OCI Global with Orascom Construction and shifting parts of his operations to Abu Dhabi and Italy.
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