Egyptian businessman Mohammed Elsewedy's stake in electric giant exceeds $770 million
Elsewedy, who serves as the company's vice president, holds a 17.76-percent stake —equivalent to 385.6 million ordinary shares.
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Egypt’s richest man, Nassef Sawiris’ wealth is bolstered by increased cash holdings, rising by nearly $1 billion to $3.85 billion.
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The two companies formalized their partnership with a Memorandum of Understanding (MoU).
South African tycoon Stephen Brookes gains $2 million from Balwin stake
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