Khamis family faces nearly $10-million loss from Oriental Weavers stake
The Khamis family's shares in Oriental Weavers have dropped nearly $10 million due to recent selling pressures on the EGX.
The Khamis family's shares in Oriental Weavers have dropped nearly $10 million due to recent selling pressures on the EGX.
This recent surge further solidifies the Khamis family’s position as leading investors on the Egyptian Exchange.
This increase is fueled by heightened investor interest in the Cairo-based company on the Egyptian Exchange.
The Khamis family, one of Egypt’s wealthiest, currently holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
Oriental Weavers shares slump 8.29 percent, resulting in losses for shareholders, including the Khamis family.
Khamis family’s wealth surge as joint shares in Oriental Weavers increase by $21.3 million in just 69 days, driven by a double-digit jump in stock price.