Egyptian billionaire Yasseen Mansour gains $1.8 million from Palm Hills stake
This significant increase reinforces Mansour’s position as one of Egypt’s and Africa’s billionaires, solidifying his position among the continent’s financial elites.
Egyptian billionaire
Egypt’s second-richest person Naguib Sawiris gains $130 million in 17 days
Sawiris, Egypt’s second-richest person, added $130 million to his fortune over the past 17 days.
El-Sewedy family’s investment in electrical equipment group rebounds above $1 billion
The family’s wealth had taken a hit between March 14 and 28, with the market value of their stake tumbling EGP5.36 billion ($324.08 million).
Egyptian metals magnate Ahmed Ezz’s steel company cuts rebar prices again
Egyptian billionaire and prominent industrialist Ahmed Ezz owns 60.7 percent of Ezz Steel (or 329,816,198 shares).
Adidas shares owned by Egypt’s richest man Nassef Sawiris surpass $2.7 billion
The recent surge in the share price of Adidas has bolstered Sawiris’ wealth significantly, with his stake now valued at $2.71 billion.
Egyptian billionaire Elsewedy family’s foundation set to skill up 20,000 students
Established in 2011, the Elsewedy Technical Academy has been dedicated to providing high-quality technical education in line with global standards.
Egyptian billionaire Nassef Sawiris’ OCI N.V. posts $392-million loss in 2023
This is attributed to lower global nitrogen pricing and a reduction in natural gas prices in Europe and the United States following the exceptional highs of 2022.
Egypt’s El-Sewedy family loses billionaire status as Elsewedy Electric shares tumble
Their 68.1-percent stake in Elsewedy Electric, once valued at $1.29 billion on March 14, has declined to $970.05 million at the time of drafting this report.
Egypt’s second-richest person Naguib Sawiris sees net worth top $6.5 billion
Sawiris’ recent surge underscores his significant influence in the Middle East and North Africa and his ascent among the world’s elite billionaires.
Egyptian billionaire Ahmed El-Sewedy’s firm chosen for Qatar cable project
The project entails the establishment of electricity supply to NFS project facilities, involving the design, engineering, procurement, and installation of two 400kV cables.
Egyptian tycoon Medhat Khalil’s firm eyes expansion via acquisition ahead of IPO
Raya Information Technology is actively pursuing the acquisition of a firm specializing in outsourcing and application development.
Egyptian billionaire Yasseen Mansour loses $12 million from Palm Hills stake
Despite this setback, Mansour remains a prominent figure in the African business scene. Forbes estimates his current net worth at $1.2 billion.
Egyptian billionaire Samih Sawiris’ company to construct Africa’s largest skate park
Construction of Africa’s largest skate park is slated to commence later this year, with the grand opening scheduled for 2025.
Egyptian billionaire Samih Sawiris’ firm posts $63.5 million in profit in 2023
Despite Sawiris’ decision to step down as chairman in December 2021, the company continues to thrive, setting new benchmarks in the 2023 fiscal year.
Egyptian billionaire Hisham Talaat Moustafa faces $727-million loss due to devaluation
Despite the setback and financial challenges, Moustafa remains a prominent figure in the Egyptian business landscape.
Egyptian billionaire Ahmed Ezz’s stake in Ezz Steel climbs by $64 million
Ezz, an influential figure in the Egyptian industrial landscape, currently owns 60.7 percent of Ezz Steel, equivalent to 329,816,198 shares.