Egyptian businessman Ashraf Sabry loses more than $8.5 million from stake in fintech unicorn
Sabry, who founded the payment platform in 2008 and pioneered electronic bill payments in Egypt, owns 2.345 percent of the company.
Egyptian billionaire
Egyptian multimillionaire Medhat Khalil’s Raya Holding to launch e-payment company
Raya Holding is an Egyptian investment conglomerate founded in 1999.
Egypt’s richest man Nassef Sawiris has now lost $566 million since start of 2022
Sawiris’ net worth is still assessed at $5.93 billion.
Egyptian real estate mogul Hisham Talaat Moustafa to pocket $9.65 million in dividends
Moustafa controls a 43.16-percent stake in the conglomerate for the Talaat Moustafa family.
Nassef Sawiris’ Orascom Construction in talks on $1.5-billion plant as Egypt faces water scarcity
The move comes in the wake of a water crisis that has left Egypt and its neighbors struggling.
Egyptian steel magnate Ahmed Ezz loses $81 million in four weeks as Ezz Steel shares slump
Ezz Steel is the largest independent steel producer in the Middle East and North Africa.
Egyptian mogul Nassef Sawiris enters alliance with Emirati investors to further boost clean methanol business
OCI N.V. is a leading nitrogen and hydrogen product manufacturer and distributor.
Egyptian billionaire Nassef Sawiris’ net worth slumps by $190 million in just a week
The decline can be linked to a slump in Adidas’ shares, as investors sell off their positions in the company.