ruler of Egypt was in need of cash, sold his shares in the Canal Company to the British->British came to own a major share n the Canal, and their future policy in Egypt was determined by the need to protect investment
The Ottoman ruler lost his control of the Suez Canal because he could not pay back loans he took on the canal and had the sell shares to the British.
Why did the Ottoman leader lose control of the Canal?
The Ottoman leader in Egypt had taken out loans using the canal as collateral.
When he couldn't pay back these loans, he sold shares in the Canal to the British to pay off his debt. The British then became the owners of the canal and controlled the trade that went through it.
Find out more on the Suez Canal at https://brainly.com/question/1050424.
