
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.
Since the start of 2025, their shares have increased by $13.32 million, bringing the market value to $200.36 million.
The market value of their stake in Oriental Weavers has dropped by more than $17 million, due to the sharp devaluation of the Egyptian pound.
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.