Egyptian brothers, Ahmed and Sadek El-Sewedy, emerge as Egypt’s newest billionaires
The rise in the El-Sewedy brothers' fortunes is attributed to an 80.6-percent increase in Elsewedy Electric's share price.
Egyptian billionaires
Africa’s newest billionaires to launch multimillion-dollar industrial city in Tanzania
This venture comes on the heels of Elsewedy Electric’s $40 million investment in a Tanzanian electrical tools factory in 2021.
Orascom Construction, owned by wealthy Sawiris family, signs two major transportation projects in Egypt
The Group’s current and past projects include major projects such as high-speed rail, metro, monorail, railway, and light rail transit
Egyptian billionaire Mohamed Mansour to inject $120 million into Rights to Dream Academy
Mansour, the founder of chairman of Man Capital LLP, has a $3.6-billion fortune according to Forbes.
Led by wealthy Khamis family of Egypt, Oriental Weavers’ profit surges 74 percent y-o-y in Q1 2023
Egyptian businesswoman Yasmine Mohamed Khamis and other Khamis family members own a 56.58-percent controlling interest in Oriental Weavers.
Meet Egypt’s top five richest billionaires
These billionaires hold 6.1 percent of the country’s total private wealth.
Wealth of Egyptian billionaires under threat as devaluation of pound reaches record lows
The devaluation of the pound may have a significant impact on the economy and on the net worth of Egyptian billionaires.
Egypt leads with seven billionaires, as Cairo reigns supreme as Africa’s billionaire city
Egypt’s seven billionaires account for $17.83 billion of Egypt’s $307 billion in private wealth.
Egyptian billionaire Yasseen Mansour’s Palm Hills to reward shareholders with $16.7-million dividend
Mansour will receive a total payout of $835,000 from the dividend distribution.
Egypt’s Ghabbour family set to receive $13.1 million in dividends from GB Auto in 2022
The wealthy Ghabbour family holds a majority 62.9-percent stake in Ghabbour Auto.
Led by Egypt’s richest family, Orascom Construction reports profits of $125.3 million in 2021
The billionaire Sawiris family controls 51.8 percent of the Egypt-based contractor through OS Private Trust Company.
Egyptian investor Hisham Talaat Moustafa loses $12.4 million as Egyptian pound slumps
Moustafa failed to realize dollarized profits from his position.
Controversial Egyptian tycoon Ahmed Ezz to acquire stake in Egyptian Steel for $159.2 million
Ezz Steel has an annual steel production of 7 million tonnes.
Meet the six Egyptian billionaires jointly worth $18.2 billion
Egypt ranks second in the elite group of African countries that account for over 50 percent of Africa’s private wealth.
Egypt’s wealthy Khamis family moves to sell Oriental Weavers China
Oriental Weavers China is the Chinese subsidiary of Oriental Weavers, the world’s largest machine-made carpet manufacturer.
Egyptian tycoon Ahmed El Sewedy’s Elsewedy Electric to build $40-million electrical factory in Tanzania
Elsewedy Electric is an Egypt-based multinational electrical company founded by the Elsewedy family in 1938.