El-Sewedy brothers lose $175 million after becoming Egypt's newest billionaires
Ahmed El-Sewedy, CEO of Elsewedy Electric, and his brother Sadek, the company’s non-executive chairman, hold a majority 51.05 percent stake.
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Moroccan tycoon Anas Sefrioui gains over half a billion dollars from ADH stake
This surge reflects growing investor confidence in ADH, cementing Sefrioui's position among the wealthiest investors on the Casablanca bourse.
Ghabbour family gains $29.2 million from GB Corp stake surge
This builds on the $56 million the family gained in 2023.
Hani Berzi's Edita Foods stake drops by more than $130 million
The decline stems from a steep fall in the company’s share price on the Egyptian Exchange (EGX) and the sharp devaluation of the Egyptian pound.
Egyptian billionaire Naguib Sawiris unveils $150 million hotel project in Cairo
Naguib Sawiris plans to invest $150 million in luxury hotels near Egypt’s iconic Pyramids, aiming to enhance the country’s tourism appeal.
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Suresh Bhagwanji Shah’s stake in I&M Group gains $23 million year-to-date
This strategic move brings together two powerhouse entities and marks a significant step toward consolidating Black-led financial influence.
Jay-Z’s Marcy Ventures joins forces with Pendulum Holdings' investment arm
This strategic move brings together two powerhouse entities and marks a significant step toward consolidating Black-led financial influence.
Koos Bekker-linked family trust offloads $162 million in Prosus stock
This highlights Bekker’s approach to blending technology investments with high-end real estate, showcasing his commitment to diversified growth.
Aradel-backed consortium gets approval for $2.4 billion Shell deal
The transaction has been designed to preserve SPDC’s operational integrity post-acquisition.