Egypt’s billionaire El-Sewedy family loses $677 million as Egyptian pound tumbles
Despite this financial setback of $677 million, the El-Sewedy family maintains their position as one of Egypt’s leading billionaire families.
Despite this financial setback of $677 million, the El-Sewedy family maintains their position as one of Egypt’s leading billionaire families.
Despite this setback, Mansour remains a prominent figure in the African business scene. Forbes estimates his current net worth at $1.2 billion.
Construction of Africa’s largest skate park is slated to commence later this year, with the grand opening scheduled for 2025.
Despite Sawiris’ decision to step down as chairman in December 2021, the company continues to thrive, setting new benchmarks in the 2023 fiscal year.
While addressing the audience at CAGNY, CEO Sue Nabi reiterated Coty’s strategic course and commitment to growth.
Lazraq’s stake in ADI has experienced a substantial increase of MAD229.92 million ($22.87 million) in the last 25 days, attributed to the rise in the company’s shares.
The funding secured during the LEAP 2024 conference signifies a crucial step for dKilo in its mission to transform OOH advertising.
Despite the setback and financial challenges, Moustafa remains a prominent figure in the Egyptian business landscape.
The ambitious plan involves injecting $50 million into planting hybrid tea for export and an additional $100 million into Rwandese companies across vital sectors.
Egyptian businessman Medhat Khalil, the founder and chairman of Raya Holding holds a majority stake of 58.1 percent in the Cairo-based investment conglomerate
The Big Business District is poised to transform Cairo’s commercial landscape, offering a dynamic business hub characterized by modern design and functionality.
Benjelloun, who serves as the chairman of Bank of Africa, holds a noteworthy 27.41-percent stake in the institution, or 57,214,615 ordinary shares.
Ezz, an influential figure in the Egyptian industrial landscape, currently owns 60.7 percent of Ezz Steel, equivalent to 329,816,198 shares.
The inauguration of the Riyadh headquarters marks a significant milestone in Hassan Allam Holding’s international expansion.
Under the leadership of Abdallah Sallam, a prominent figure holding a five-percent stake in the company, MNHD displayed exceptional performance in 2023.
This strategic move, driven by Coty’s robust balance sheet and strong cash flows, reaffirms the company’s commitment to enhancing shareholder value over time.