Egyptian tycoon Hani Berzi loses over $21 million from Edita stake in just 9 days
Berzi owns a significant 41.95-percent stake in Edita Food Industries through Quantum Invest BV.
Berzi owns a significant 41.95-percent stake in Edita Food Industries through Quantum Invest BV.
The announcement comes hot on the heels of a pivotal meeting convened at the New Administrative Capital’s government headquarters.
This downturn comes on the heels of a period of significant growth for Sefrioui, who experienced a surge of $242.76 million between March 7 and April 8.
This increase is fueled by heightened investor interest in the Cairo-based company on the Egyptian Exchange.
Despite these setbacks, Moustafa remains a prominent investor on the EGX and a leading figure among North Africa’s wealthiest individuals.
This decision underscores the company’s commitment to rewarding its stakeholders for their continued support.
Despite the drop in his stake’s value, Ezz remains a prominent figure in Egyptian business and a leading investor on the Egyptian Exchange.
The Saudi unit of Hassan Allam Holding is set to oversee the civil construction, secondary infrastructure, and inground services for the prestigious Marina Hotel project.
El-Sherbini added that IDH’s core markets of Egypt and Jordan displayed strong growth, indicating further potential.
The notable increase in the market value of Tazi’s stake in Sothema solidifies her position among the richest investors on the Casablanca bourse.
Despite the decline, Nabi remains a key player in the beauty industry. As Coty’s CEO, her visionary leadership continues to significantly impact the global beauty landscape.
The leading Egyptian billionaire has seen his ranking on the Bloomberg Billionaires Index slip following a decline in the market value of his holdings.
The acquisition marks a strategic shift for Saham Group as it absorbs all activities, client portfolios, and employees of the acquired entities.
MMID divested 39.4 million shares of Palm Hills on April 7, 2024, for a total of EGP141.5 million ($2.98 million) at an average price of EGP3.59 ($0.0755) per share.
The company’s recently released financial statements reveal a significant revenue increase of 53.31 percent, from $429.22 million in 2022 to $650 million in 2023.
The single-digit percent surge in share price has propelled the market value of Berzi’s stake in Edita Food by EGP370.05 million ($7.78 million).