Egyptian multimillionaire Ghabbour family’s stake in GB Corp rebounds above $200 million
This follows an $18.27-million loss between July 18 and Aug. 15, when the market value of their holdings declined from $207.2 million to $188.93 million.
This follows an $18.27-million loss between July 18 and Aug. 15, when the market value of their holdings declined from $207.2 million to $188.93 million.
The market value of the stake held by the affluent Khamis family has increased by EGP 184.40 million ($1.26 million) in just 28 days
Egyptian businesswoman and executive Yasmine Mohamed Khamis and her siblings own a 56.58-percent controlling interest in the leading carpet manufacturer.
The Khamis family, one of Egypt’s wealthiest, currently holds a majority stake of 40.58 percent in Oriental Weavers.
The Ghabbour family holds a 62.9-percent stake in GB Corp, solidifying their position as one of the wealthiest families in Egypt.
The Ghabbour family owns a 62.9-percent stake in GB Auto.
Oriental Weavers is a leading carpet manufacturer and distributor.
The Khamis family’s share in Oriental Weavers is worth $117 million.
The billionaire Sawiris family owns 51.8 percent of Orascom Construction.
The Ghabbour family owns a 62.9-percent stake in GB Auto.
Nassef Sawiris owns 28.97 percent of the multinational construction group, or 33,825,323 shares.
The family is set to earn $23.9 million in final dividends from their stake in the leading carpet manufacturer.
Farida Khamis and other members of the Khamis family jointly control a 56.58-percent stake in the leading carpet maker.