Nassef Sawiris approaches $10-billion net worth: Key companies driving his wealth
Egyptian billionaire Nassef Sawiris' net worth nears $10 billion, up $1.26 billion this year, thanks to strong performance in OCI and Adidas stocks.
Related
Egyptian tycoon Ashraf Sabry’s Fawry unveils holding company to consolidate investments
Fawry launches a holding company to consolidate investments and boost its fintech expansion under Ashraf Sabry.
Egyptian billionaire Hisham Talaat Moustafa plans $5 billion Oman projects
Hisham Talaat Moustafa’s TMG launches $5 billion Oman projects with 15,000 residential units, hotels, and coastal amenities.
Egyptian billionaire El-Sewedy family’s electric group signs deal to boost Qatar power solutions
Elsewedy Electric teams with Raneen Energy to strengthen Qatar’s power systems and advance local production.
Egyptian businessman Safwan Thabet’s Juhayna stake drops $71 million
Safwan Thabet’s stake in Juhayna fell by $71 million as shares slid on the Egyptian Exchange, trimming the food maker’s market cap this November.
Latest
Ackerman family gives up majority control of Pick n Pay as Allan Gray’s stake grows
Pick n Pay’s founding family falls below 50% control as Allan Gray ups its stake, sharpening focus on the retailer’s troubled turnaround.
Prudential’s exit plan tests Patrice Motsepe’s grip on Alexforbes
Prudential’s possible Alexforbes exit hands Patrice Motsepe a pivotal moment: tighten African Rainbow Capital’s control or share power with a new global investor.
Inside Black Coffee’s empire: 15 businesses and investments owned by the South African DJ
From Soweto venues to Silicon Valley–backed startups and Cape Town’s most expensive house, Black Coffee has turned DJ fees into a serious investment empire.
Flex raises $60 million Series B to build AI “private bank” for high net worth business owners
Flex raises fresh funding to scale its AI-native private bank, targeting high net worth middle-market owners juggling complex business and personal finances.