Rabie assumed his current role at the SCA through a presidential decree in 2019. The number of ships passing through the Suez Canal increased by 17.6% to reach about 26,000 ships in the 2022/23 fiscal year. The SCA recorded revenues of $9.4 billion in 2022/23, an increase of 34.7% from the year before. In October 2023, it signed a $1.5 billion memorandum of cooperation with Qatari dairy producer Baladna to initiate projects that guarantee food security for Egypt. This includes establishing a cattle farm with 20,000 dairy cows to produce 300 million liters of milk annually and cultivate an extensive 113,000-hectare expansion.