Osman Ahmed Osman - Criticism

Criticism

Critics of Osman tend to be critics of Sadat, arguing that Osman exploited his close relationship with Sadat to gain political power and financial success. Osman and Sadat were known to be close friends, from even before Sadat's presidency. Osman and Sadat had very similar views, and were neighbors in El Haram Giza. Osman's eldest son, Mahmoud Osman, married Sadat's youngest daughter, Jihan (Nana) Al Sadat, further solidifying the tie.

Osman, as one of Sadat's close friends and political allies, was subjected to much criticism, most of which was ultimately aimed at Sadat. It is said that Osman was the second most powerful man in Egypt during Sadat's presidency. Defenders of Osman argue that he amassed most of his wealth during the Nasser presidency, mostly outside of Egypt (in other Arab countries). In fact, they argue, most of Osman's wealth was invested in the Arab Contractors, which was nationalized by Nasser. Critics point out that Osman remained in control of the Arab Contractors, even after nationalization (a rare occurrence under Nasser's regime), and that he kept key familial allies and friend in top positions in the company, ultimately remaining in control, and using that control to leverage other business endeavors.