The El-Sewedy family owns 68 percent of the corporation, or 1,478,689,860 ordinary shares.
Nassef Sawiris owns 28.97 percent of the multinational construction group, or 33,825,323 shares.
Nassef Sawiris owns 28.97 percent of the multinational construction group, or 33,825,323 shares.
The capital raise will be funded by the group's retained earnings and will be distributed over 194.61 million shares.
The billion-dollar bump in his net worth is due to the company's year-to-date gains.
Samir controls a 10-percent stake in GlobalCorp.
The family is set to earn $23.9 million in final dividends from their stake in the leading carpet manufacturer.
The billionaire's net worth has risen by $738 million since the start of the year.
Paymob's total funding since its inception seven years ago is more than $68.5 million.
Ezz is one of the wealthiest men in Egypt.
