
Edita chairman Hani Berzi loses $7 million as shares fall
The decline stems from a steep fall in the company’s share price on the EGX, reflecting growing investor caution.
The decline stems from a steep fall in the company’s share price on the EGX, reflecting growing investor caution.
Thabet has watched the value of his stake slump by $44.99 million over the past 26 days. His holdings are now worth around $260 million.
Pullinger, one of South Africa’s most respected banking executives, owns a 0.13-percent stake in FirstRand, equal to about 7.08 million shares.
In just 26 days, his stake increased by $5 million, driven by a 12.56 percent jump in share price.
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The decline comes after a strong run earlier this year. Between Feb. 11 and 19, the value of Lazraq’s holding jumped by $89.7 million.
This move aims to strengthen the Nigerian economy while aligning with global sustainability goals.
This surge follows a previous increase of EGP5.28 billion ($113.13 million) between May 12 and 21.