Refaat El-Sayed, Date of Birth, Place of Birth

    

Refaat El-Sayed

Egyptian businessman

Date of Birth: 11-Feb-1946

Place of Birth: Egypt

Profession: businessperson

Nationality: Egypt

Zodiac Sign: Aquarius


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About Refaat El-Sayed

  • Refaat El-Sayed (born 11 February 1946 in Egypt) is a businessman of Egyptian and Swedish nationality, who made most of his career in Sweden.
  • At the beginning of the 1980s, he took command of a small biotech company, Fermenta, which he quickly turned into one of the success stories of the Stockholm stock exchange.
  • El-Sayed soon became Sweden's richest man, and made the fortune of his employees and shareholders.
  • A charismatic leader, he was a favourite of the media, and in December 1985 he was named "Swede of the year" by the TV news program Rapport.
  • The following month, Fermenta announced a partnership with Swedish industrial giant Volvo.
  • El-Sayed was at the peak of his fame. The fall from grace was brutal: just one month later, El-Sayed was accused of lying about his academic qualifications, as he had falsely asserted he was a Doctor of Science.
  • The partnership with Volvo was broken.
  • In 1992, El-Sayed became the CEO of another biotech company, Hebi Health Care.

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