The recent upswing follows a decline of EGP5.29 billion ($109.87 million) in his stake in TMG Holdings between April 15 and 22.
North Africa
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Moroccan billionaire Othman Benjelloun’s bank partners with Bank of Palestine for regional expansion
The partnership extends beyond financial cooperation. It also aims to promote trade and investment flows between Morocco and Palestine.
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This recent surge further solidifies the Khamis family’s position as leading investors on the Egyptian Exchange.
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Driven by sustained energy demand, TAQA Arabia’s revenue climbed to $75.3 million in the first three months of 2024, up from $61.8 …
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The family’s joint stake in Elsewedy Electric has risen from EGP45.9 billion ($968.4 billion) on April 30 to EGP51.49 billion ($1.09 billion).
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The acquisition, detailed in a market filing, saw Raya CX purchase 59,170 shares in the Bahraini company from an American investor.
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According to data tracked by Billionaires.Africa, Sefrioui’s stake in ADH has declined by MAD900.65 million ($89.8 million) over the past nine days.
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Tunisian tycoon Abdelwaheb Ben Ayed-linked Poulina group posts $40.6-million profit in 2023
As a leading business executive who played a pivotal role in Poulina Group, Ben Ayed owns a beneficial 3.4-percent stake in the …
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The significant increase in the market value of Berzi’s stake in Edita Food Industries further solidifies his position as one of the …
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Egyptian billionaire and prominent industrialist Ahmed Ezz owns 60.7 percent of Ezz Steel, or 329,816,198 shares.