The news comes despite a slump in fortified sugar sales and a single-digit increase in its direct production costs.
The gains follow a surge in the oil marketing company’s share price.
The licenses allow his companies to manage two oil blocks bordering Uganda to the east.
The rise was due to a 32.55-percent surge in the company’s shares on the Egyptian Stock Exchange.
The company defaulted in the repayment of a $40-million debt.
The Rai family owns Rai Group, a closely held family conglomerate founded by their patriarch, Tarlochan Singh Rai.
The growth in his stake follows a rise in the shares of CiplaQCIL on the Uganda Stock Exchange.
The massive drop can be linked to the decline of the company’s share price on the Botswana Stock Exchange.
Mutandis is an industrial and commercial group focused on consumer goods in Morocco and Africa.
A sell-down in Pick 'n Pay shares triggered a $200.14-million loss for the company on the Johannesburg Stock Exchange.
Sawiris said Orascom has long been interested in participating in developing the area.