Name: Red Sea
Address: Red Sea, Arabia

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Suez Canal Company

The company that built, owned and ran the Suez Canal until its nationalisation. Founded in Paris in 1858 with Napoleon III's support after three years of fund-raising and political quarrels, it came to be more than half owned by French investors; Sa'id Pasha had originally taken 21 per cent of the shares. Digging cost about 19 million pounds sterling when the canal opened in 1869, and its headquarters stood in Port Said. Khedive Isma'il was forced to sell his shares to the British government, and the Egyptian government nationalised the canal on 26 July 1956.

Red Sea

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Suez Canal Company