Isaac Saba Raffoul
Encyclopedia
Isaac Saba Raffoul was a Mexican
businessman of Syrian-Lebanese Jewish origin; his father emigrated from Aleppo
, Syria
to Veracruz
, Mexico
where he started a rag business and was one of the wealthiest persons in the world according to Forbes Magazine. He had been married with wife Rebecca for over 40 years and had three sons: Moises, Manuel and Alberto.
He was the president of Grupo Xtra and chairman of Casa Saba. There has been a controversy surrounding him since he teamed up with General Electric
Mexico to open up a new nationwide television channel. TV Azteca
and Televisa
, upon hearing this, accused him of monopolizing medicine prices in an attempt to discredit him. According to El Financiero, there is no such monopoly.
Mexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...
businessman of Syrian-Lebanese Jewish origin; his father emigrated from Aleppo
Aleppo
Aleppo is the largest city in Syria and the capital of Aleppo Governorate, the most populous Syrian governorate. With an official population of 2,301,570 , expanding to over 2.5 million in the metropolitan area, it is also one of the largest cities in the Levant...
, Syria
Syria
Syria , officially the Syrian Arab Republic , is a country in Western Asia, bordering Lebanon and the Mediterranean Sea to the West, Turkey to the north, Iraq to the east, Jordan to the south, and Israel to the southwest....
to Veracruz
Veracruz, Veracruz
Veracruz, officially known as Heroica Veracruz, is a major port city and municipality on the Gulf of Mexico in the Mexican state of Veracruz. The city is located in the central part of the state. It is located along Federal Highway 140 from the state capital Xalapa, and is the state's most...
, Mexico
Mexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...
where he started a rag business and was one of the wealthiest persons in the world according to Forbes Magazine. He had been married with wife Rebecca for over 40 years and had three sons: Moises, Manuel and Alberto.
He was the president of Grupo Xtra and chairman of Casa Saba. There has been a controversy surrounding him since he teamed up with General Electric
General Electric
General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States...
Mexico to open up a new nationwide television channel. TV Azteca
TV Azteca
Azteca, is the second largest Mexican television entertainment. It was established in 1983 as the state-owned Instituto Mexicano de la Televisión , a holding of the national TV networks channel 13 and 7 and was privatized under its current name in 1993 and now is part of Grupo Salinas...
and Televisa
Televisa
Televisa is a Mexican multimedia conglomerate, the largest mass media company in Latin America and in the Spanish-speaking world. It is a major international entertainment business, with much of its programming airing in the United States on Univision, with which it has an exclusive contract...
, upon hearing this, accused him of monopolizing medicine prices in an attempt to discredit him. According to El Financiero, there is no such monopoly.