His fortune is derived from a 38.8-percent stake in Netherlands-based OCI N.V. and a six-percent stake in German sportswear behemoth...
Elsewedy Electric, an Egyptian international electrical corporation, was founded in 1938 by the El Sewedy family.
The acquisition aligns with the fintech firm's strategic expansion plans as it moves to deliver value.
Thabet owns a majority 50.07-percent stake in the group.
Lazraq owns 51.7 percent of Casablanca-based property developer Alliances Developpement Immobilier SA.
On July 1, his son Malik Rebrab, who has previously held high positions in Cevital, will take over as CEO.
Hassan Allam Holding is a privately held engineering, construction, and infrastructure firm.
Douri owns a 6.88-percent stake in the Moroccan consumer goods firm.
IDH is one of the Middle East and Africa's leading consumer healthcare groups.
The acquisition comes after the Egyptian startup closed a $3-million pre-Series-A funding round last year.
