Egyptian tycoon Hisham Talaat Moustafa makes nearly $200 million from TMG shares
The recent upswing follows a decline of EGP5.29 billion ($109.87 million) in his stake in TMG Holdings between April 15 and 22.
Egyptian tycoon
Egypt’s multimillionaire Khamis family gains $14.8 million from Oriental Weaver stake
This recent surge further solidifies the Khamis family’s position as leading investors on the Egyptian Exchange.
Egyptian tycoon Medhat Khalil’s Raya CX buys stake in Bahraini firm from U.S. investor
The acquisition, detailed in a market filing, saw Raya CX purchase 59,170 shares in the Bahraini company from an American investor.
Egyptian tycoon Hani Berzi’s stake in Edita Foods gains $11 million in 9 days
The significant increase in the market value of Berzi’s stake in Edita Food Industries further solidifies his position as one of the richest individuals in Egypt.
Ezz Steel shares plunge, costing Egyptian tycoon Ahmed Ezz $35.9 million
Egyptian billionaire and prominent industrialist Ahmed Ezz owns 60.7 percent of Ezz Steel, or 329,816,198 shares.
Egyptian tycoon Hassan Allam’s group wins signaling contract for UAE-Oman railway link
The 303-kilometer Abu Dhabi-Sohar railway link will feature state-of-the-art, desert-proof ETCS Level 2 signaling, telecoms, and power supply systems.
Egyptian tycoon Hani Berzi loses over $21 million from Edita stake in just 9 days
Berzi owns a significant 41.95-percent stake in Edita Food Industries through Quantum Invest BV.
Egyptian tycoon Hisham Talaat Moustafa’s TMG share loses $109 million in value
Despite these setbacks, Moustafa remains a prominent investor on the EGX and a leading figure among North Africa’s wealthiest individuals.
Egyptian tycoon Medhat Khalil’s Raya tops $650 million in 2023 revenue
The company’s recently released financial statements reveal a significant revenue increase of 53.31 percent, from $429.22 million in 2022 to $650 million in 2023.
Egyptian tycoon Hisham Talaat Moustafa suffers $180-million loss in 26 days
Moustafa holds a controlling stake of 43.16 percent in the group, representing 890,633,483 ordinary shares.
Egyptian tycoon Safwan Thabet’s Juhayna records $340-million revenue in 2023
Juhayna’s exceptional financial results for 2023 highlight its resilience in navigating the dynamic landscape of the fast-moving consumer goods industry in North Africa.
Egyptian tycoon Alaa Arafa’s GTEX lists on EGX, market cap nears $20 million
This move signifies a pivotal moment for GTEX, opening doors for public ownership and underscoring its commitment to global expansion.
Egyptian tycoon Hassan Allam’s group buys prime land in Mostakbal City for $740 million
This transaction not only bolsters the group’s position in East Cairo but also solidifies its foothold in one of Egypt’s rapidly evolving real estate markets.
Egyptian tycoon Hassan Allam’s group wins $346-million contract for Saudi entertainment complex
The Al Kharj Entertainment Complex will be positioned between the cities of Abha and Khamis Mushait near Abha International Airport, covering 64,000 square meters.
Egyptian tycoon Ahmed Ezz loses $422 million amid devaluation and share dip
Despite this significant downturn, Ezz remains a top figure in Egypt’s business landscape.
Egyptian tycoon Medhat Khalil’s firm eyes expansion via acquisition ahead of IPO
Raya Information Technology is actively pursuing the acquisition of a firm specializing in outsourcing and application development.