Gamal Abdel Nasser on the Nationalization of the Suez Canal - Milestone Documents

Gamal Abdel Nasser on the Nationalization of the Suez Canal

( 1956 ) Commentary by Michael J. O'Neal, Ph.D.
  • “The Universal Company of the Suez Maritime Canal (Egyptian joint-stock company) is hereby nationalized. All its assets, rights and obligations are transferred to the Nation and all the organizations and committees that now operate its management are hereby dissolved.” - Article I
  • “An independent organization endowed with juristic personality and annexed to the Ministry of Commerce, shall take over the management of the Suez Canal Transit Service.” - Article II
  • “The assets and rights of the nationalized company in the Republic of Egypt and abroad are hereby frozen.” - Article III
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The Red Sea at the entrance to the Suez Canal (Library of Congress)

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