Egyptian billionaire Ahmed Ezz loses $47 million in 16 days from Ezz Steel stake
Ezz owns a 60.7 percent of the company, or 329,816,198 shares, in the steel behemoth.
Egypt
Firm led by Egyptian billionaire Yasseen Mansour to build $130-million luxury hotel in Cairo
Mansour, chairman of Palm Hills, highlights significance of welcoming Marriott International and Ritz-Carlton as key collaborators in the Palm Hills October project.
North Africa’s richest billionaire relocates family office to Abu Dhabi
Sawiris eyes Africa, the Middle East, and beyond with Abu Dhabi as the springboard.
Egypt’s richest man Nassef Sawiris loses $180 million in 3 days
As a result of the recent $180-million slump in his fortune, Sawiris is currently the 308th wealthiest individual globally.
Egypt’s billionaire El-Sewedy family loses $132 million in 36 days
Ahmed El-Sewedy and his siblings, Sadek and Mohammed, hold a controlling and beneficial stake of 68.1 percent in Elsewedy Electric.
Egyptian tycoon Medhat Khalil’s Raya Holdings stake surges by $19 million
Khalil owns a majority stake of 58.1 percent in Raya Holding — a total of 1,245,661,205 shares.
Egyptian tycoon Hend El-Sherbini suffers $24-million loss from IDH investment
El-Sherbini owns a significant 26.71-percent stake in IDH — this translates to 160,250,305 ordinary shares in the company.
North Africa’s richest man Nassef Sawiris gains $350 million in 12 days
This solidifies his standing as one of Africa’s wealthiest individuals. His year-to-date gains now total $576 million.
Egyptian billionaire Ghabbour family rakes in $30.5 million from GB Corp stake
The Ghabbour family presently holds a significant 62.9-percent stake in the automaker, equivalent to 682,779,500 ordinary shares.
Egyptian mogul Hassan Allam’s Thales forges alliance for digital advancement in the Middle East
Hassan Allam Holding boasts an impeccable reputation in the engineering, procurement, construction, building materials, and utilities industries.
Egyptian billionaire Ahmed Ezz rakes in $57.5 million in November
Egyptian billionaire Ahmed Ezz’s stake in Ezz Steel surpasses $830-million mark.
Egypt’s Khamis family rakes in $21.3 million from Oriental Weavers’s stake
Khamis family’s wealth surge as joint shares in Oriental Weavers increase by $21.3 million in just 69 days, driven by a double-digit jump in stock price.
Egypt’s second-richest man Naguib Sawiris’ net worth surpasses $6 billion
With a net worth which amounts to $6.06 billion, Sawiris now ranks as the world’s 416th richest man.
Egyptian billionaire Youssef Mansour gains $200 million in 3 days
The recent uptick in Youssef Mansour’s fortune can be attributed to the robust performance of his diversified portfolio of investments.
Egypt anticipates new billionaire as Hisham Talaat Moustafa’s TMG stake surges to $717 million
Hisham Talaat Moustafa is one of the wealthiest people in the entire North African region, thanks to his 43.16 percent stake in TMG Holdings
Egyptian tycoon Ashraf Sabry’s Fawry posts over $17 million in profit in 9M 2023
Fawry for Banking Technology and Electronic Payments (Fawry) is a leading fintech company founded by Egyptian tycoon Ashraf Sabry.