Egyptian billionaire Nassef Sawiris’ Fertiglobe plans IPO
The deal will be the first onshore listing of a free zone company in the UAE.
The deal will be the first onshore listing of a free zone company in the UAE.
Sawiris’ net worth between Aug. 20 and Sept. 13 increased from $6.67 billion to $6.93 billion.
The $8.8-million gain was due to Orascom Construction’s share performance on the Egyptian Stock Exchange.
Adidas is the largest sportswear and sports equipment manufacturer in Europe.
The serial investor holds stakes in the publicly traded fertilizer group OCI N.V., Adidas and LafargeHolcim.
The facility with a capacity of 1 million tonnes per annum.
The drop is due to a single-digit slump in the market value of his shares in Adidas and OCI N.V.
The company’s share price on the Egyptian Stock Exchange lost six percent of its value since early May.
The surge is largely due to gains in his shares in Adidas and OCI N.V.
The company has announced a potential move to list on the Abu Dhabi Stock Exchange.
Egyptian billionaire businessman Naguib Sawiris has stepped down from his role as the chairman of Orascom Investment Holding.
These eight billionaires aged 60 and under are continuing to take the world by storm.
Egypt’s Nassef Sawiris and Algeria’s Issad Rebrab and family have emerged as the first and second richest Arabs in the world.