Heirs of Egyptian billionaire Mohamed Al-Fayed at war over $2 billion fortune
The death of Al-Fayed has not only marked the end of an era but has also triggered a high-stakes battle among his heirs.
Egypt
Egyptian fintech founder Ashraf Sabry takes $1.5 million hit from Fawry stake
Sabry, a leading Egyptian entrepreneur who launched the payment platform in 2008, owns a 2.345 percent stake in Fawry.
Orascom, owned by Egypt’s richest family, to construct new $1.4-billion metro system
Founded in 1950 by the late Egyptian tycoon Onsi Sawiris, Orascom Construction is led by the Sawiris family.
Egypt’s newest billionaires: El-Sewedy family’s electric firm stake hits $1.1 billion
The El-Sewedy family’s fortune has seen an exceptional upturn this year, solidifying their position among Egypt’s billionaire elite.
Egyptian businessman Hani Berzi’s gains $16 million from Edita stake
Berzi owns a significant 41.95-percent stake in the leading packaged food manufacturer through Quantum Invest BV.
Egyptian tycoon Hassan Allam’s firm wins $64-million contract for luxury resort project
Led by visionary businessman Hassan Allam and his brother Amr Allam, the company has a construction backlog exceeding $3 billion.
Egyptian billionaire Ahmed Ezz gains $19 million
Ezz, a leading Egyptian industrialist, owns 60.7 percent of Ezz Steel, which translates to 329,816,198 shares in the steel behemoth.
Orascom, owned by Egypt’s richest family, to modernize Cairo-Beni Suef rail route
Orascom Construction, an engineering and construction contractor with a primary focus on infrastructure, is led by Egypt’s richest family — the Sawiris family.
Egyptian business mogul Hassan Allam’s company to invest in Uzbekistan
Hassan Allam Holding boasts an impeccable reputation in the engineering, procurement, construction, building materials, and utilities industries.
Egyptian tycoon Medhat Khalil gains $11 million from investment in Raya Holding
This remarkable surge solidifies his position as one of Egypt’s multimillionaires and one of the richest investors on the Egyptian Exchange.
Egypt’s richest man Nassef Sawiris loses $540 million in 25 days
Sawiris remains not only the richest man in Egypt but also the most affluent individual in the Arab world.
Egyptian tycoon Medhat Khalil’s group posts half-year profits of $11.3 million
Khalil owns a controlling stake of 58.1 percent in Raya Holding, equivalent to a substantial 1,245,661,205 shares.
Egyptian businessman Hani Berzi gains $55 million from Edita stake
Berzi owns a significant 41.95-percent stake in the leading packaged food manufacturer through Quantum Invest BV.
Egyptian tycoon Hisham Talaat Moustafa’s TMG reports $50 million in half-year profit
Earlier this year, Moustafa led TMG Holding to ink a major partnership with British real estate services provider Savills.
Egypt’s richest man faces $846-million loss from investment in Dutch fertilizer producer
Sawiris, who is the richest man in Egypt, owns a 38.8-percent stake in Dutch fertilizer producer, OCI N.V.
Egypt’s Khamis family gains $11 million from Oriental Weavers’s stake
Egyptian businesswoman and executive Yasmine Mohamed Khamis and her siblings own a 56.58-percent controlling interest in the leading carpet manufacturer.