Ahmed Ezz’s stake in Ezz Steel nears $840 million
Ezz Steel’s scale positions it as an industry leader, surpassing competitors like Saudi Arabia’s Hadeed and Emirates Steel.
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United Bank gears up for landmark IPO on Egyptian Exchange
IPO set to boost market activity, attract investments, and reinforce Egypt’s economic reforms.
Medhat Khalil loses $2.96 million from Raya Holding
Khalil holds a 17.99 percent majority stake in Raya Holding, equivalent to 385,208,477 shares.
Madinet Masr’s net profit reaches $52 million as new projects fuel growth
Net profit rose by 88.9 percent, exceeding $50 million, as contracted sales more than doubled and revenue surged 62.9 percent.
TMG reports $9.4 billion in sales, fueled by booming demand for luxury real estate
TMG Holding's SouthMED and Benan projects fuel $9.4 billion in sales, showcasing the strong demand for luxury coastal living in Egypt and Saudi Arabia.
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Flour Mills gains shareholder approval for buyout deal
The move follows a resolution approved by the Federal High Court, clearing the path for the company’s long-discussed acquisition strategy, which was first unveiled on Sept. 24.
Lowe’s reports decline in sales amid economic uncertainty
Total sales totaled $65.12 billion, marking a 3.92% decline, though strong online and pro sales offer optimism amid ongoing challenges.
Hani Berzi’s Edita Foods stake drops $11.6 million
Despite Edita's leading position in Egypt’s packaged snack market, its shares on the EGX have slipped into year-to-date losses.
Family feud over $435-million dividend pits Nigerian oil magnate against his daughters
Indimi’s daughters have taken legal action against their father and his oil company, alleging they were unjustly denied their rightful share of a $435.1 million dividend.