Egyptian fintech founder Ashraf Sabry loses $1.3 million from Fawry stake
Sabry, who founded Fawry in 2008 and pioneered electronic bill payments in Egypt, owns 2.345 percent of the fintech firm.
Egyptian Stock Exchange
Egyptian billionaire Ahmed Ezz gains $137 million as Ezz Steel shares surge
Ezz holds a majority 60.7-percent stake in Ezz Steel, or 329,816,198 shares.
Egyptian tycoon Hisham Talaat Moustafa’s TMG shines with Q1 2023 profit exceeding $20 million
Moustafa, who owns a 43.16-percent stake in TMG Holding, is recognized as one of the richest investors on the Egyptian Exchange.
Egyptian billionaire Ahmed Ezz’s fortune skyrockets by $48 million in 2023 thanks to Ezz Steel stake
Ezz owns a majority stake of 60.7 percent in Ezz Steel.
UAE’s largest bank, FAB, has withdrawn its offer for majority stake in Karim Awad’s EFG Hermes
The disclosure comes two months after the bank announced its plan to acquire a 51-percent stake in EFG Hermes Holding.
Ashraf Sabry’s Fawry gains $53 million in single day after seeing over $123.4 million in block deals
Fawry is one of Africa’s leading fintech companies.
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.
Egyptian investor Hisham Talaat Moustafa loses $12.4 million as Egyptian pound slumps
Moustafa failed to realize dollarized profits from his position.
Egyptian billionaire Yasseen Mansour’s Palm Hills reports $54.5 million in profit in 2021
The group’s market capitalization is valued at $284.57 million.
Egypt’s billionaire El-Sewedy family loses $109 million from stake in electric company
The El-Sewedy family owns 68 percent of the electric company, or 1,478,689,860 shares.