Rachid Mohamed Rachid granted Italian citizenship for special merits

The President of the Italian Republic, Sergio Mattarella, has issued a decree granting Italian citizenship to Rachid Mohamed Rachid for his extraordinary merits. Alsara Investment Group reported this news. The official statement from the Presidency of the Republic mentions that the honour is granted "For entrepreneurial commitment, together with deep knowledge and sincere closeness to Italian culture always demonstrated, thus contributing to enhancing Italy's image in the world."

"I am honoured to receive this token of esteem from a country I have always believed in. Italy is an example of excellence and passion in every sector. I will continue to support Made in Italy, promoting the values we believe in talent, creativity, and innovation," said Rachid Mohamed Rachid, founder and owner of Alsara Investment Group and CEO of Mayhoola for Investments.

Italian citizenship for special merits follows the prestigious honour of "Knight of the Grand Cross, Order of Merit of the Italian Republic" conferred on Rachid Mohamed Rachid in 2010 by the then President of the Italian Republic, Giorgio Napolitano.

About Rachid Mohamed Rachid

Rachid Mohamed Rachid is a global industry leader, prominent investor in the luxury sector, and art collector. In 2017, Rachid founded Alsara Investment Group, a Switzerland-based holding company dedicated to developing luxury brands. The Group's portfolio includes directly managed brands, advisory and investment management, and direct investments in VC funds, private equity, and growth.

Rachid embarked on his career as a leader in the fashion and luxury sectors in 2012, serving as CEO of Mayhoola for Investments, owner of the Italian couture house Valentino and the French brand Balmain. Rachid chairs both brands, serves as vice chairman of Ekaterra Global Lipton Tea, and sits on the board of Katara Hospitality Group.

Born in Alexandria in 1955 to a prominent Egyptian family active in the transportation sector, Rachid, a graduate of the University of Alexandria and Harvard Business School, had professional experiences in the family business before joining Unilever, where he served as President of the North Africa, Middle East, and Turkey region. From 2004 to 2011, Rachid served as Minister of Industry, Trade, and Investments for the Egyptian government, playing a key and internationally recognized role in supporting the country's economy and industrial sector and enhancing its attractiveness for foreign investments.

Rachid received the title of Knight of the Grand Cross, Order of Merit of the Italian Republic, one of the highest orders of merit in the country.

About Alsara Investment Group

Alsara Investment Group was founded in 2017 by Rachid Mohamed Rachid, a global industry leader, a prominent investor in the luxury sector, and an art collector. Leveraging expertise, investments, a worldwide network, qualified and efficient teams, and entrepreneurial spirit, Alsara Investment Group develops luxury brands. Talent, product, and innovation are the three pillars of Alsara Investment Group's business strategy to accelerate portfolio companies. Based in Switzerland, focusing on developing a Milan hub dedicated to luxury brands, the Group is simultaneously active in three areas of interest. Alongside directly managed brand portfolios, Alsara Investment Group provides advisory and investment management services and holds shares in VC, private equity, and growth funds.