This latest venture with MAFI comes shortly after Elsewedy Electric announced plans to launch a multimillion-dollar industrial city project in Tanzania.
Egyptian billionaire
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This Week In Review: A Snapshot of African Wealth Dynamics — Peters Expands Global Footprint, Mauritius Sees Passing of Legend (Dec. 25 to 29)
From Peters’ ace move in Mozambique to Johann Rupert’s claim of the title of Africa’s richest man, it has been an interesting …
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The surge in Sawiris’ net worth has propelled him from $5.1 billion on Jan. 1 to $6.43 billion, adding $1.33 billion to …
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Mansour, the chairman of Palm Hills Developments, owns a 7.29-percent stake in the leading real estate group.
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Prior to the transaction, Ezz held a commanding 60.71-percent stake.
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Ahmed El-Sewedy and siblings Sadek and Mohammed hold a combined 68.1-percent majority stake in Elsewedy Electric, a staggering 1.48 billion ordinary shares.
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This impressive financial gain further solidifies the Ghabbour family’s position as one of the richest investors on the Egyptian Exchange.
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UAE-based firm linked to Samih Sawiris nears 90-percent acquisition of OFH in $137.5-million deal
Sawiris owns a 9.2-percent stake in UAE-based investment firm, B Investments.
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The billionaire influx includes Egypt’s richest man, a crypto industry leader, and a hedge fund tycoon.
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Egypt’s second-richest man Naguib Sawiris seeks to solidify his presence further in the Caribbean.