Egyptian tycoon Ahmed Ezz loses $49.6 million from stake in Ezz Steel
Ezz, who founded Ezz Steel in 1994, owns 60.7 percent of the company.
Egyptian businessman
Egyptian billionaire Naguib Sawiris says President Vladimir Putin ‘another Hitler in the making’
This is the latest comment by the Egyptian billionaire on the Russia-Ukraine crisis.
Egyptian businessman Medhat Khalil’s Raya Holding unveils expansion plans for new unit
Raya Holding is an Egyptian investment conglomerate.
Egyptian businessman Medhat Khalil’s Raya Holding partners with Huawei to build sustainable data centers
Raya Holding is a leading brand in Egypt, with its operations generating a net profit of $34.5 million in 2021.
Led by Egyptian exec Karim Awad, EFG Hermes issues $26.8-million bond
The bond has a credit rating of “A-” from Middle East Ratings and Investor Services.
Egyptian multimillionaire Medhat Khalil’s Raya Holding to sell stake in Ostool Transport in $14.3-million deal
Raya Holding has grown into a leading brand in Egypt since its formation in 1999.
Egyptian real estate mogul Hisham Talaat Moustafa’s TMG reports $28.8 million in profit in Q1 2021
Hisham Talaat Moustafa owns a 43.16-percent stake in the conglomerate.
Egyptian tycoon Raouf Ghabbour’s GB Auto marks impressive profit in Q1 2022
The Ghabbour family owns a 62.9-percent stake in GB Auto.
Egyptian businessman Hatem Samir’s GlobalCorp acquired by SPE Capital
Samir controls a 10-percent stake in GlobalCorp.
Egyptian fintech founder Ashraf Sabry loses $1.4 million from Fawry stake in 38 days
Fawry is one of Africa’s few listed fintech companies.
Egyptian mogul Ahmed Ezz gains $35.3 million in 19 days from stake in steelmaker
Ezz is one of the wealthiest men in Egypt.
Egyptian mogul Hani Berzi gains $23 million in 47 days from stake in Edita Food Industries
The gains are due to a double-digit percent increase in the company’s share price.
Egyptian mogul Safwan Thabet to pocket $5.1 million in Juhayna dividends
The dividend will be paid from Juhayna’s retained earnings of $65.48 million.
Egyptian billionaire Nassef Sawiris loses $270 million in April
The loss is directly linked to the performance of the German sportswear behemoth Adidas.
Egyptian businessman Safwan Thabet’s Juhayna posts $28.5 million in profit in 2021
Thabet owns a majority stake in the company, worth $194.7 million.
Egyptian multimillionaire Hassan Allam’s company is planning to build green hydrogen plants in Egypt
The plants will be located in the Suez Canal Economic Zone and along the Mediterranean coast.