Suez Canal Company Suez Canal Company The Universal Maritime Suez Canal Company (, or simply "Compagnie de Suez" for short) was the corporation that constructed the Suez Canal between 1859 and 1869 and operated it until the 1956 Suez Crisis. It was formed by Ferdinand de Lesseps in 1858, and it owned and operated the canal for many years thereafter. Initially, French private investors were the majority of the shareholders, with Egypt also having a significant stake. When Isma'il Pasha became Wāli of Egypt and Sudan in 1863, he refused to adhere to portions of the concessions to the Canal company made by
Suez Crisis withdrawn soon, and Israeli troops to withdraw later on, while keeping control over the Suez Canal. After the fighting ended, Abdel Hakim Amer, Egypt's Chief-of-Staff, accused Nasser of provoking an unnecessary war and then blaming the military for the result. The British historian D. R. Thorpe wrote that the imposed ending to the Crisis gave Nasser "an inflated view of his own power". In his mind, he had defeated the combined forces of the United Kingdom, France and Israel, whereas in fact the military operation had been "defeated" by pressure from the United States. Despite the Egyptian defeat, Nasser emerged