Egyptian billionaire Yasseen Mansour’s Palm Hills posts $51.1-million profit in 2023
Mansour highlighted the company’s record-breaking new sales of EGP59.5 billion ($1.92 billion), indicating a growth of 129 percent year-on-year.
Mansour highlighted the company’s record-breaking new sales of EGP59.5 billion ($1.92 billion), indicating a growth of 129 percent year-on-year.
This was fueled by a 34-percent uptick in export revenue, comprising 64 percent of the total revenue, along with a 31-percent rise in local sales.
This significant increase solidifies Sefrioui’s position as one of the wealthiest investors on the Casablanca bourse and one of Morocco’s most prosperous businessmen.
Shareholders can anticipate dividends distributed in two installments of EGP0.109 ($0.00356) each, with pay-out dates scheduled for May 31 and July 31.
Established nearly four decades ago by Thabet, Juhayna has become a significant player in the region’s consumer goods industry.
The collaboration aims to promote cooperation between the two companies for the development of high-quality real estate projects in Saudi Arabia and Egypt.
The IVOIRE East project is envisioned to house more than 1,000 families, boasting an array of luxurious villas and duplexes alongside commercial and administrative areas.
Despite the recent $69 million decline in the market value of their stake, the family maintains their position among Egypt’s wealthiest families and leading investors
The royal family’s stake in Attijariwafa Bank has increased by MAD2.18 billion ($217.23 million) over the past 19 days, reaching MAD50.18 billion ($5 billion).
Fawry, with esteemed shareholders including the National Bank of Egypt and Banque Misr, has positioned itself as a key player in Africa’s fintech landscape.
Founded by Berzi in 1996, Edita Food Industries has established itself as a key player in Egypt’s food industry landscape.
Benjelloun, a leading Moroccan billionaire and the driving force behind BOA Group, holds a significant 27.41-percent stake in the leading group.
Spanning an expansive 2.6 million square meters, EIC represents East Africa’s first fully integrated industrial hub.
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His stake, which translates to a total of 329,816,198 shares in the steel giant, has solidified his position among the richest investors on the Egyptian Exchange.
According to Billionaires.Africa, the market value of the El-Sewedy family’s share in Elsewedy Electric has gained EGP4.02 billion ($129.96 million) in the last two weeks.