
Egyptian multimillionaire Ahmed Ezz loses $77.7 million in 22 days from Ezz Steel stake
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.
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.
The revaluation of his private investments and a single-digit decline in Palantir’s shares have contributed to a $100-million decrease in his net worth.
The recent increase in the market value of her stake in Sothema solidifies her position among the richest investors on the Casablanca bourse.
The recent surge in the market value of their stake in Oriental Weavers reinforces their status among Egypt’s wealthiest families and top investors on the Egyptian Exchange.
The recent $200-million decline in his fortune can be attributed to market fluctuations.
Buzeki cited the adverse effects of high fuel prices, exacerbated by the government’s decision to eliminate fuel subsidies during Kenyan President William Ruto’s administration.
Sefrioui owns a 64.1-percent stake in ADH, solidifying his position among the country’s wealthiest individuals.
Coumantaros, the chairman of Flour Mills also ranked as one of the richest investors on the Nigerian Exchange, holds a substantial 63.34-percent stake in Flour Mills.