Legacy
The Arab Contractors still remains one of the largest construction companies in Egypt. However, its ties to the Osman family were severed in 2001 when the last member of the family, Ismail Osman, was removed from his CEO position by the government . At the time, the company was suffering severe financial problems, including a massive debt (the nation as a whole was suffering a liquidity crisis). Ismail Osman argued that the problems were a result of the government's refusal to pay its debts to the Arab Contractors, while demanding more work from the company on government projects: "The government owes us money, and we owe the banks money, yet the state does not pay us the interest on our late payments to the banks. It is not the fault of the company. It is the fault of the overall system."
The company still bears the Osman Ahmed Osman name. The company's football club's stadium was renamed Osman Ahmed Osman Stadium following his death. One of the main avenues in downtown Ismailia is named after Osman, in his tribute.
The Osman Group is a group of companies privately owned by members of the Osman family. It was founded in 1974, and today is owned / run by Osman Ahmed Osman's four sons - Mahmoud, Ibrahim, Ahmed, and Mohamed - as well as their cousins Mohamed and Amr. The companies mostly operate in construction-derived areas, but also agriculture, information technology, etc.
Read more about this topic: Osman Ahmed Osman
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“What is popularly called fame is nothing but an empty name and a legacy from paganism.”
—Desiderius Erasmus (c. 1466–1536)