
Egyptian tycoon Hani Berzi loses nearly $18 million from Edita stake
Berzi, who founded the consumer goods conglomerate in 1996 owns a significant 41.95-percent stake in the leading packaged food manufacturer through Quantum Invest BV.
Berzi, who founded the consumer goods conglomerate in 1996 owns a significant 41.95-percent stake in the leading packaged food manufacturer through Quantum Invest BV.
The $100-million decline in his net worth is linked to the revaluation of his holdings in Akwa Group, a diverse Moroccan conglomerate with substantial oil and gas interests.
The recent surge solidifies his position as one of the high-value investors on the Egyptian Exchange and one of the country’s wealthiest individuals.
This swift increase underscores Adenuga’s adept strategic investments, propelling his total fortune to $7 billion and securing his position among the world’s wealthiest individuals.
Ismail Ahmed is more than just a titan of the fintech industry. He’s a visionary leader, a philanthropist, and a testament to the power of perseverance.
This remarkable increase has translated into substantial gains for the bank’s shareholders, including Benjelloun, who ranks as one of Africa’s billionaires.
Over four decades, Moustafa has propelled TMG into a $6.4-billion global real estate powerhouse, leaving an indelible mark on Egypt’s landscape.
This reduction in its share price has brought the company’s market cap. below $1.5 billion, resulting in substantial losses for shareholders, including Ezz.
According to data tracked by Billionaires.Africa, Moustafa’s stake in the Cairo-based real estate holding company has risen by EGP 6.1 billion ($197.43 million) in the past 21 days.
Burger, a seasoned director at FirstRand since 2009, owns a minority 0.11-percent ownership stake in the leading financial services conglomerate.
This upswing solidifies their position as one of Egypt’s wealthiest families and prominent investors on the Egyptian Exchange.
Mansour owns a sizable 5.6-percent stake in the Cairo-based real estate firm.
Al Mada, the private company owned by members of the Alaouite royal family, owns 46.4 percent, or 97,433,137 units of the total issued and paid-up shares, of the bank.
This surge strengthens Alami Lazraq’s standing among the top investors on the Casablanca stock exchange
Essayeh owns a 33.6-percent stake in the bike maker, making him not only the largest shareholder in the Tunis-based automotive enterprise.
The Ghabbour family commands a 62.9-percent stake in the automaker, solidifying their status as one of the most affluent investors on the Egyptian Exchange.