UK PM Rishi Sunak names Egyptian billionaire Mohamed Mansour Treasurer of Conservatives

UK Prime Minister Rishi Sunak has appointed Egyptian billionaire and former Egyptian Minister of Transport Mohamed Mansour as Senior Treasurer for the kingdom’s Conservative Party.

Sunak made the announcement that Mansour would be the senior treasurer of the Conservative Party at a reception for a group of donors on Monday night.

Mansour will be responsible for raising funds in the run-up to the UK’s next general election.

Having served as one of the top fundraisers for the Egyptian government of the then president Hosni Mubarak before and during his time as Minister of Transport between 2006 and 2009, Mansour has paved a similar path in the United Kingdom. His company Unatrac donated over £600,000 ($739,767) to the Conservative Party. Last year, he was also given a role on the UK government’s advisory investment council as founder of his family-owned investment firm Man Capital.

“It is a great honour and privilege to have been appointed as senior treasurer of the Conservative Party and a member of the treasurer’s team of the party,” Mohamed Mansour said.

“The prime minister is making the hard choices that are necessary during a tough period for the country and, as a proud British citizen, I look forward to working with the team to support the party and the country.”  he added.