Khamis family’s Oriental Weavers stake nears $200 million again despite Egyptian pound devaluation.
Oriental Weavers
-
-
The recent $27-million surge follows a previous gain of $11.23 million recorded between May 30 and June 6.
-
The Khamis family, one of Egypt’s wealthiest, holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
-
Oriental weavers led and majority owned by the Egyptian Khamis family recently published its Q1, 2024 results.
-
The announcement came from Yasmine Khamis on the sidelines of the United Nations Global Compact Annual Forum hosted by the UNGCNE.
-
This increase is fueled by heightened investor interest in the Cairo-based company on the Egyptian Exchange.
-
Despite recent financial headwinds stemming from the Egyptian pound’s devaluation, the Khamis family remains among the country’s most affluent and prominent investors.
-
This was fueled by a 34-percent uptick in export revenue, comprising 64 percent of the total revenue, along with a 31-percent rise …
-
The Khamis family, one of Egypt’s wealthiest, currently holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global …
-
The Khamis family, one of Egypt’s wealthiest families, presently holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a …