Khamis family’s Oriental Weavers stake nears $200 million again despite Egyptian pound devaluation.
Egypt’s wealthy Khamis family
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The Khamis family, one of Egypt’s wealthiest, holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
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Oriental weavers led and majority owned by the Egyptian Khamis family recently published its Q1, 2024 results.
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This was fueled by a 34-percent uptick in export revenue, comprising 64 percent of the total revenue, along with a 31-percent rise …