Friday, 17 October 2014

Hariri mourns death of Palestinian business leader Said Khoury



BEIRUT: Former Prime Minister Saad Hariri offered his condolences Friday to the family of the Arab Business leader Said Khoury, who died Thursday at the age of 91.


Describing him as an icon of “success, persistence, professionalism and good will,” Hariri said that Khoury was a teacher to thousands of Arabs and a “true asset” to the Arab economy.


Khoury was the Chairman of Consolidated Contractors Company at the time of his death and had previously served as the head of the Arab Monetary Fund.


Born in Palestine in 1923, Khoury move to Lebanon after the creation of Israel in 1948. Four years later, he co-founded the successful company with his cousin Habib Sabbagh.


He passed away in Athens, where the CCC moved its headquarters during the 1975-1990 Lebanese Civil War.


Khoury was also a renowned philanthropist, serving as the Deputy Chairman of the Welfare Association in Geneva. He also founded the Bethlehem Development Foundation.



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