Hani Berzi’s stake in Egypt’s packaged food company surges above $190 million
Over the past 15 days, Berzi's stake has surged by EGP823.77 million ($16.92 million), increasing the market value of his holdings above $190 million.
North Africa
Beltone raises $27.3 million in successful securitization issuance
Beltone Leasing and Factoring’s first securitization issuance signals growth and investor confidence in Egypt's non-banking financial sector.
Madkour Group secures $24.6-million credit facility from Suez Canal Bank
This funding marks a strategic advancement in the company’s growth plan, underscoring its commitment to expanding operations domestically and internationally.
Raya Foods secures $40-million investment from Helios
This allows Helios to acquire a 49 percent stake in Raya Foods, significantly enhancing the company’s growth trajectory and operational capabilities.
Moroccan tycoon Adil Douiri's stake in packaged food company nears $20 million
As Douiri's fortune rises, his strategic vision for Mutandis cements his role as a key player in Morocco's business landscape and a leader in the region's consumer goods sector.
Egyptian billionaire Yasseen Mansour’s Palm Hills to increase stake in Macor Hotels
Palm Hills, which already owns 60.3 percent of Macor Hotels, will raise its ownership to 69.8 percent by acquiring a 9.5-percent stake.