#1117
Najib Mikati
Overview
- Source of Wealth
- Telecom
- Industry
- Telecom
- Residence
- Beirut
- Education
- American University of Beirut, Lebanon (Bachelor of Arts/Science)American University of Beirut, Lebanon (Master of Business Administration)
- Marital Status
- Married
- Children
- 3
Assets
- MTN Group Ltd.54,464,507 shares @ --MTN-ZA
Biography
Najib Mikati cofounded Beirut-based investment firm M1 Group.
Mikati currently served as the prime minister of Lebanon until February 2025, a position he previously held from 2011 to 2014 and briefly in 2005.
Mikati and his billionaire brother Taha founded Investcom in 1982, selling satellite phones at the height of Lebanon's civil war.
They expanded into Africa where they built cellphone towers in Ghana, Liberia and Benin, among other countries.
In 2005, Investcom went public on the London Stock Exchange, and in 2009, South Africa's MTN bought the Mikatis' stake for $3.6 billion.
About
In 2005, Investcom was the largest IPO of a Middle Eastern company in London, and the first stock to trade on the Dubai Financial Market.