During 1859-69, the Compagnie Universelle du Canal Maritime de Suez (formed by Ferdinand de Lesseps) constructed the Suez Canal in Egypt, linking the Mediterranean and Red seas. Until 1867, the company transported mail between Port Said and Suez for free. The company then began charging for this service, and in July 1868 a set of four stamps was issued. The stamps were not popular and were withdrawn from sale on August 16, 1868. They were demonetized on August 31, and the service was taken over by the Egyptian government. The company still operated the canal until its nationalization by Egyptian president Nasser in 1956.
Michel no. 4