
Khamis family's stake in Oriental Weavers falls by $17 million
According to data tracked by Billionaires.Africa, the family’s stake has declined by EGP873.06 million ($17.09 million) since Feb. 4.
According to data tracked by Billionaires.Africa, the family’s stake has declined by EGP873.06 million ($17.09 million) since Feb. 4.
Mansour Group to invest $150 million in two Egypt factories to boost local auto production and expand the country’s industrial footprint.
The recent rally in GB Corp.’s shares has pushed the Ghabbour family’s stake to nearly $234 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.