Led by Egyptian Khamis family, Oriental Weavers set to withdraw investments from China
Oriental Weavers operates under the leadership of Egyptian businesswoman Yasmine Mohamed Farid Khamis.
Oriental Weavers operates under the leadership of Egyptian businesswoman Yasmine Mohamed Farid Khamis.
The Khamis family is one of Egypt’s wealthiest families.
Yasmine Mohamed Khamis and her family own a 56.58-percent controlling interest in the leading carpet manufacturer.
The family is set to earn $23.9 million in final dividends from their stake in the leading carpet manufacturer.
Oriental Weavers’ market capitalization is now valued at $324.9 million.
At the current market price, the wealthy family’s shareholding is worth EGP2.7 billion ($194.2 million).
Farida Khamis and other members of the Khamis family jointly control a 56.58-percent stake in the leading carpet maker.
Oriental Weavers China is the Chinese subsidiary of Oriental Weavers, the world’s largest machine-made carpet manufacturer.