Key Points: Moroccan businessman Anas Sefrioui, the majority shareholder of prominent Casablanca-based property developer Douja Promotion Groupe Addoha (ADH), has seen his …
North Africa
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UAE group offers $558 million for stake in Egyptian billionaire family’s electric company
Founded in 1938 by the El-Sewedy family, Elsewedy Electric has become a major force in the electrical equipment manufacturing sector.
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Egyptian tycoon Hassan Allam’s group secures land access for $10-billion wind farm project
The landmark wind project, one of the world’s largest, will generate 47,790 gigawatt-hours (GWh) of clean energy annually.
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The double-digit growth in Q1 2024 is attributed to accelerated construction activity across its various destinations and improved performance across all its …
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This uptick follows a prior decline, where Lazraq’s holdings in ADI decreased by MAD57.4 million ($57.4 million) between April 15 and May …
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Fawry’s impressive Q1 performance fueled investor confidence. During trading on the Egyptian Exchange on Tuesday, shares surged 3.99 percent to close at …
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Egyptian billionaire Hisham Talaat Moustafa’s group breaks ground on $8.4-billion project in Saudi Arabia
The development project builds on TMG’s successful track record in Africa and the Middle East.
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Egyptian businessman Medhat Khalil loses $3 million from Raya Holdings stake in just 11 days
Despite these short-term fluctuations, Khalil remains a key figure in the Egyptian Exchange and is recognized among the country’s wealthiest individuals.
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The Ghabbour family maintains control of GB Corp, with family members holding executive positions on the group’s board.
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Despite the recent decline in the market value of his stake, Berzi remains a prominent investor on the Egyptian Stock Exchange.