Egyptian tycoon Ashraf Sabry’s Fawry posts over $17 million in profit in 9M 2023
Fawry for Banking Technology and Electronic Payments (Fawry) is a leading fintech company founded by Egyptian tycoon Ashraf Sabry.
Egyptian tycoon
Egyptian tycoon Medhat Khalil gains $11.7 million from investment in Raya Holding
Khalil owns a majority stake of 58.1 percent in Raya Holding, holding a total of 1,245,661,205 shares.
Energy group led by Egyptian exec Pakinam Kafafi records $12 million in profit in 9 months
TAQA Arabia remains resilient under Egyptian executive Pakinam Kafafi despite escalating operating costs.
Egyptian tycoon Safwan Thabet’s Juhayna posts $28 million in profit in 9M 2023
Juhayna Food Industries is a prominent Egyptian dairy, juice, and cooking product manufacturer led by Safwan Thabet.
Egyptian tycoon Hani Berzi’s group reports nine-month profit exceeding $40 million
Edita Food Industries’ profit under Hani Berzi surged well beyond expectations, reaching over $40 million.
Egyptian tycoon Ahmed Ezz makes $300 million in 22 days
Ezz, a leading Egyptian industrialist, owns a 60.7-percent stake in Ezz Steel, or 329,816,198 shares.
Egyptian mogul Safwan Thabet loses $23.6 million in 57 days from stake in Juhayna
Thabet owns a majority 50.07-percent stake in Juhayna Food Industries through Pharon Investments.
Egyptian tycoon Medhat Khalil hit by $8.5-million loss in Raya Holding stake
Raya Holding, formed in 1999 through a merger between entities owned by Khalil and Orascom Group, is a key player in the Egyptian investment landscape.
Egyptian tycoon Hisham Talaat Moustafa unveils $10.7-billion smart city project in Riyadh
Hisham Talaat Moustafa stressed TMG’s eagerness to share its expertise in creating integrated urban projects with Saudi Arabia.
Egyptian fintech founder Ashraf Sabry takes $1.5 million hit from Fawry stake
Sabry, a leading Egyptian entrepreneur who launched the payment platform in 2008, owns a 2.345 percent stake in Fawry.
Egyptian businessman Hani Berzi’s gains $16 million from Edita stake
Berzi owns a significant 41.95-percent stake in the leading packaged food manufacturer through Quantum Invest BV.
Egyptian tycoon Hassan Allam’s firm wins $64-million contract for luxury resort project
Led by visionary businessman Hassan Allam and his brother Amr Allam, the company has a construction backlog exceeding $3 billion.
Egyptian tycoon Medhat Khalil gains $11 million from investment in Raya Holding
This remarkable surge solidifies his position as one of Egypt’s multimillionaires and one of the richest investors on the Egyptian Exchange.
Egyptian tycoon Ahmed Ezz gains $69 million within three weeks
Ezz owns 60.7 percent of Ezz Steel, making him one of the richest investors on the Egyptian Exchange and one of Egypt’s wealthiest men.
Egyptian fintech founder Ashraf Sabry gains $1.3 million from Fawry stake
Sabry, who launched the payment platform in 2008 and pioneered electronic bill payments in Egypt, controls 2.345 percent of Fawry.
Egyptian tycoon Medhat Khalil suffers staggering $41.5-million loss in 2023
The decline in Raya Holding’s shares and the resulting impact on Khalil’s net worth underscores the challenges investors face amid the current economic climate.