Egypt’s NSPO acquires $52-million stake in Pakinam Kafafi-led TAQA Arabia
The acquisition comes as no surprise, given TAQA Arabia’s remarkable growth under the leadership of Kafafi.
The acquisition comes as no surprise, given TAQA Arabia’s remarkable growth under the leadership of Kafafi.
Al Fayed’s net worth has soared by $100 million, reaching $2.1 billion from $2 billion on April 10.
Mansour co-owns Mansour Group with his billionaire brothers Yasseen and Youssef Mansour, fostering a collective commitment to innovation and prosperity.
The surge comes as a welcome development for Sawiris after witnessing a dip in his wealth below $6 billion earlier this month.
Mansour owns a significant 5.22-percent stake in Palm Hills Developments
Akhannouch derives the majority of his fortune from Akwa Group, a multibillion-dollar conglomerate founded in 1932 by his father.
Tazi holds a substantial 8.4-percent stake in the leading healthcare company, or 605,030 issued shares.
Despite the recent $5.44-million decline, the Ben Yedder family continues to stand as one of Tunisia’s most affluent families.
Sherif El-Zayat, the managing director of Egypt Kuwait Holding, revealed that the sulfuric acid factory is projected to achieve an annual production capacity of 165,000 tonnes.
With a 43.16-percent ownership stake in TMG Holding, Moustafa is widely recognized as one of the wealthiest investors on the Egyptian Exchange.
U.S. entrepreneur Erik Gordon has spearheaded the success of Cairo-based fintech startup Flash in its latest funding round.
This recent boost follows reports that Otedola is partnering with the Lagos State government to develop a power transmission project.
Sawiris is venturing into Iraq’s real estate development sector after nearly two decades of focusing on the communications sector.
The El-Sewedy family, represented by Sadek, Ahmed, and Mohammed Elsewedy, owns 68 percent of Elsewedy Electric.
Sawiris’ decision to invest in Iraq’s real estate development marks a significant move nearly two decades after his investment in the country’s telecom sector.
Kafafi, who is one of North Africa’s leading businesswomen, has played a pivotal role in TAQA’s growth.