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Grant of the Concession
- When
- 30 November 1854
- Where
- Alexandria
Sa'id Pasha granted Ferdinand de Lesseps a concession in 1854 to oversee the construction of the Suez Canal, establishing profit-sharing terms.
De Lesseps landed in Alexandria on 7 November 1854. On 30 November, Sa'id Pasha signed the concession authorizing him to oversee the French portion of the construction. The agreement stipulated that 10 percent of annual profits were reserved for founders, 15 percent for the Egyptian government, and 75 percent for shareholders.
Sources
- Ferdinand de Lesseps Wikipedia, revision of 2026-08-31
- Suez Company (1858–1997) Wikipedia, revision of 2026-06-15
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.