Following Abu Dhabi move, firm linked to Egypt’s richest sells stake in U.S. company
Sawiris, the chairman of OCI, reaffirms his confidence in the recently announced sale, highlighting its potential to create value.
Sawiris, the chairman of OCI, reaffirms his confidence in the recently announced sale, highlighting its potential to create value.
Lazraq, who founded Alliances Group in 1994, owns a 51.7-percent stake, amounting to 11,410,669 in the group’s publicly traded subsidiary, ADI.
Ahmed El-Sewedy and siblings Sadek and Mohammed hold a combined 68.1-percent majority stake in Elsewedy Electric, a staggering 1.48 billion ordinary shares.
Ben Ayed owns a beneficial 3.4-percent stake in the Tunis-based conglomerate, Poulina Group.
This impressive financial gain further solidifies the Ghabbour family’s position as one of the richest investors on the Egyptian Exchange.
Benjelloun, who ranks as Morocco’s second-richest individual, owns a significant 27.41-percent stake in Bank of Africa.
Sawiris owns a 9.2-percent stake in UAE-based investment firm, B Investments.
Oriental Weavers shares slump 8.29 percent, resulting in losses for shareholders, including the Khamis family.
Khalil firmly owns a commanding 58.1-percent majority stake in Raya Holding, boasting an impressive total of 1,245,661,205 shares.
Akhannouch — appointed prime minister of Morocco in September 2021 — derives part of his billion-dollar fortune from the Akwa Group.
The billionaire influx includes Egypt’s richest man, a crypto industry leader, and a hedge fund tycoon.
Egypt’s second-richest man Naguib Sawiris seeks to solidify his presence further in the Caribbean.
Nabi’s extraordinary leadership not only secured her a substantial $149.43-million compensation but also solidified Coty’s standing as a global powerhouse in fragrance.
Essayeh, Euro-Cycles’ CEO, owns a significant 33.6-percent stake in the Tunis-based automotive company.
Sefrioui, the visionary founder of the Casablanca-based real estate group who ranks as one of Morocco’s most affluent individuals, owns a 64.1-percent stake in ADH.
His wealth figures have plummeted due to a sharp decline in the market value of his diverse investments,