Egypt’s wealthiest man, Nassef Sawiris loses $250 million amid news of Adidas shares buyback
Sawiris derives the majority of his wealth from his stake in Adidas.
Nassef Sawiris
Orascom Construction, controlled by billionaire Nassef Sawiris, moves to acquire equipment distribution business
Orascom Construction is a leading global engineering and construction contractor.
Egypt’s richest man Nassef Sawiris loses $340 million in November as shares in Adidas slump
Since the year began, his net worth has declined by $44.2 million, or seven basis points.
Egyptian mogul Nassef Sawiris enters alliance with Emirati investors to further boost clean methanol business
OCI N.V. is a leading nitrogen and hydrogen product manufacturer and distributor.
Egyptian billionaire Nassef Sawiris’ net worth slumps by $190 million in just a week
The decline can be linked to a slump in Adidas’ shares, as investors sell off their positions in the company.
Egypt’s richest man Nassef Sawiris gains $80 million in October, as Adidas shares close in positive territory
The billionaire’s net worth climbed from $6.79 billion at the start of the month to $6.87 billion at its close.
Egyptian billionaire Nassef Sawiris’ Fertiglobe completes Abu Dhabi listing, market cap soars above $6.8 billion
The company operates as the world’s largest urea and ammonia seaborne exporter.
Egyptian billionaire Nassef Sawiris gains $230 million in two weeks as Adidas shares rebound from five-month low
Since the start of the year, Sawiris has seen his net worth increase by $264 million from $6.6 billion on Dec. 31, 2020.
Egypt’s richest man Nassef Sawiris loses $621.8 million due to slump in Adidas shares
Investors fear supply chain disruptions caused by COVID-19 could impact Adidas’ sales.
Egyptian billionaire Nassef Sawiris’ Fertiglobe plans IPO
The deal will be the first onshore listing of a free zone company in the UAE.
Egyptian billionaire Nassef Sawiris’ net worth increases by $260 million in 24 days
Sawiris’ net worth between Aug. 20 and Sept. 13 increased from $6.67 billion to $6.93 billion.
Egyptian billionaire Nassef Sawiris earns $8.8 million as Orascom shares rebound
The $8.8-million gain was due to Orascom Construction’s share performance on the Egyptian Stock Exchange.
Egyptian tycoon Nassef Sawiris gains $478.7 million on back of positive analyst forecasts for Adidas
Adidas is the largest sportswear and sports equipment manufacturer in Europe.
Egypt’s richest billionaire Nassef Sawiris earns $370 million in 13 days
The serial investor holds stakes in the publicly traded fertilizer group OCI N.V., Adidas and LafargeHolcim.
Egyptian billionaire Nassef Sawiris’ Fertiglobe joins Abu Dhabi blue ammonia project
The facility with a capacity of 1 million tonnes per annum.
Egyptian billionaire Nassef Sawiris loses $160 million in 10 days
The drop is due to a single-digit slump in the market value of his shares in Adidas and OCI N.V.