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 billionaires
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.
Egyptian tycoon Naguib Sawiris’ property firm Gemini gets $100 million in investment from Abu Dhabi-based Chimera
Gemini is a property developer under Ora Developers, a real estate operator and investment holding.
Orascom Construction, controlled by billionaire Nassef Sawiris, moves to acquire equipment distribution business
Orascom Construction is a leading global engineering and construction contractor.
Egypt’s Ghabbour family gains $15.8 million in 11 days as shares in GB Auto rebound
The wealthy Ghabbour family holds a majority 62.9-percent stake in the leading auto manufacturer.
Egyptian billionaire Yasseen Mansour’s Palm Hills closes seventh securitization bond
The issuance was fully underwritten and co-arranged by several banks, including National Bank of Egypt.
Egypt’s richest man Nassef Sawiris loses $340 million in November as shares in Adidas slump
Since the year began, his net worth has declined by $44.2 million, or seven basis points.
Egyptian tycoon Hassan Allam’s construction group secures first-ever project in Jordan
Hassan Allam Holding is Egypt’s leading privately owned engineering, construction, and infrastructure group.
Egyptian billionaire Yasseen Mansour’s Palm Hills plans to invest $242 million in 2022
The projected investment for the coming financial year represents a 52-percent increase from last year.
Egyptian tech entrepreneur Ashraf Sabry loses over $10 million in 33 days
With a market capitalization of $1.38 billion, Fawry is one of Africa’s few tech companies worth over $1 billion.
Egyptian billionaire Nassef Sawiris’ net worth rises by $820 million in May
The surge is largely due to gains in his shares in Adidas and OCI N.V.