# Iskandar Safa

Iskandar Safa (Arabic: إسكندر صفا; 3 April 1955 – 29 January 2024) was a French businessman and philanthropist of Lebanese origin. In the late 1970s, Safa enrolled in the American University of Beirut, graduating with a degree in civil engineering. He left Lebanon to become a junior civil engineer in the United States, and then moved to France, where in 1982 he graduated with an MBA from INSEAD in Fontainebleau.
Together with his brother Akram Safa, he was the owner of Privinvest Holding, a major international naval construction group. In addition to this, Iskandar Safa and his brother Akram controlled, through P.I. Dev SAL, the French company FIMAS SA specialised in developing and managing real estate properties in the South of France.
Iskandar's estate was sued in London by the Republic of Mozambique in a corruption known as scandal known as Tuna Bonds or Hidden Debt Scandal. He was subsequently found guilty and was ordered by the High Court in London to pay back $1.9 billion, with interest, to Mozambique.

## Career

From 1978 to 1981, Iskandar Safa was working as a site engineer for INECC at the King Abdulaziz Military Academy project in Salbukh, Saudi Arabia near Riyadh.
In 1986, he became President of Triacorp International. On 19 January 2005, he stepped down as President of the company’s steering committee in favor of Eric Giardini.
During the 1990s, Iskandar and his brother Akram founded Privinvest, a shipbuilding company specialising in naval and commercial vessels and mega yachts.
In 1992, he was elected by the CIRI (Comité Interministériel de Restructuration Industrielle) to purchase the Constructions Mécaniques de Normandie (CMN) in Cherbourg and managed to turn around the naval construction shipyard that was facing difficulties at the time. The CMN became a French company affiliated with Privinvest Group. He was also President of the council of FIMAS Group which owns marble carriers in the town Saint-Pons-de-Thomières located in Herault, France, also called ‘Marbres de France’.
In 2007, Iskandar Safa took part in the creation of the Abu Dhabi Mar naval construction site with Al Aïn International and became executive director. Later on in 2011, Privinvest purchased Al Aïn International’s shares.
On 1 March 2018, a German consortium consisting of Thyssen Krupp and Luerssen was excluded by the German Government from the tender for the construction of the multi-purpose warship MKS 180 for the benefit of GNY (German Naval Yards), belonging to the Prinvinvest group, and the Dutch shipbuilder Damen.
May 2020 saw the announcement that the German naval yards in Kiel, owned and run by Safa's Privinvest Holding SAL group, were entering into a long-term co-operation agreement with the Lürssen shipyard company based in Bremen. The idea behind the partnership is to improve the overall German shipbuilding sector and to improve sustainability and efficiency.

### Other roles

Between 2011 and 2024 Iskandar Safa was the non-executive vice-president of the Marfin Investment Group’s steering committee, a holding company listed on the Athens’ stock-exchange.

## Controversies

Iskandar Safa's public life saw several controversies, including an Interpol's Red Notice warrant for his arrest in 2001.

#### Negotiation of French Hostages

Safa was pointed out as the facilitator of contacts between the French government and Hezbollah during the Lebanon Hostage Crisis. He operated closely with Charles Pasqua and Jean-Charles Marchiani to secure their release. A subsequent investigation accused Iskandar and his brother of operating a kick-back scheme in which part of the money paid for the hostages was transferred to a Swiss bank account in their name. The money was subsequently passed on to Pasqua and Marchiani. While French authorities denied that a ransom was paid, French courts issued an arrest warrant. He subsequently reached a deal with the authorities and charges were dropped.

## Media Ownership

In January 2019, Safa announced his intention to take over the regional newspaper Nice-Matin. In July of the same year, he withdrew from the process due to a competing bid from French billionaire, Xavier Niel, as well as opposition from the newspaper's editorial staff.
Safa also owned Valmonde which publishes the weekly Valeurs Actuelles, a conservative right-wing publication. He sought to change the public image of the magazine by firing its editor, Geoffroy Lejeune. Safa criticized the "zemmourisation" of the magazine and sought to moderate it.
In July 2019, Safa acquired a 39% stake in a Nice-based private TV station, Azur TV. Azur provides news services for the area of the Mediterranean coast between Marseilles and Menton.

## Personal Life

Safa was considered to be one of Lebanon's wealthiest individuals. At his death, his net worth was estimated to be of 1.45 billion Euros.
As Safa was a Maronite Christian, he offered unlimited supplies of marble from the quarry he owned in southern France to aid in the rebuilding of Notre Dame Cathedral, devastated by fire in April 2019.

## Death

Safa died from cancer on 29 January 2024, at the age of 68.