Egypt’s wealthy Khamis family stake in Oriental Weavers declines by $17.1 million
The market value of their stake in Oriental Weavers has dropped by more than $17 million, due to the sharp devaluation of the Egyptian pound.
Oriental Weavers
Oriental Weavers achieves strong Q3 2024 results amid global market growth
Oriental Weavers reports robust revenue growth in Q3 2024, driven by international market expansion and strategic domestic initiatives.
Egypt's wealthy Khamis family adds $17 million from Oriental Weavers shares in 6 days
The Khamis family, one of Egypt’s wealthiest, holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
Egypt’s wealthy Khamis family gains $11 million from Oriental Weavers stake in 6 days
The Khamis family, one of Egypt’s wealthiest, holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
Khamis family leads Oriental Weavers to record $106-million revenue in Q1 2024
Oriental weavers led and majority owned by the Egyptian Khamis family recently published its Q1, 2024 results.
Oriental Weavers, under Egyptian tycoon Yasmine Khamis, plans investment in education
The announcement came from Yasmine Khamis on the sidelines of the United Nations Global Compact Annual Forum hosted by the UNGCNE.
Egypt’s Khamis family gains $18.8 million from Oriental Weavers stake
This increase is fueled by heightened investor interest in the Cairo-based company on the Egyptian Exchange.
Egypt’s wealthy Khamis family loses nearly $90 million as Egyptian pound tumbles
Despite recent financial headwinds stemming from the Egyptian pound’s devaluation, the Khamis family remains among the country’s most affluent and prominent investors.
Egypt’s wealthy Khamis family leads Oriental Weavers to $570 million in revenue in 2023
This was fueled by a 34-percent uptick in export revenue, comprising 64 percent of the total revenue, along with a 31-percent rise in local sales.
Egypt’s Khamis family gains $38.7 million from Oriental Weavers stake
The Khamis family, one of Egypt’s wealthiest, currently holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
Egypt’s Khamis family gains nearly $55 million from Oriental Weavers stake
The Khamis family, one of Egypt’s wealthiest families, presently holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
Egypt’s Khamis family gains nearly $13 million from stake in Oriental Weavers
The recent surge in the market value of their stake in Oriental Weavers reinforces their status among Egypt’s wealthiest families and top investors on the Egyptian Exchange.
Egypt’s Khamis family loses $19.2 million in 17 days from Oriental Weavers’ stake
Oriental Weavers shares slump 8.29 percent, resulting in losses for shareholders, including the Khamis family.