Ahmed Ezz's stake in Cairo-based steel giant declines by $116.5 million
This loss reduces his total holdings to below $700 million. He remains the second-richest investor on the Egyptian Exchange and one of Egypt's wealthiest individuals.
Related
Family linked to jailed Algerian auto tycoon Mahieddine Tahkout hid $15 million in assets, prosecutors say
Prosecutors say a family hid about $15 million in assets in a case linked to jailed auto tycoon Mahieddine Tahkout.
Billionaire Naguib Sawiris backs new Digital School push to train 100,000 Egyptians
Naguib Sawiris joined UAE partners to launch Jusur Al Foras, a plan to train 100,000 Egyptians and place 10,000 in jobs.
Mandarin Oriental to take over Egypt’s Old Cataract and Winter Palace
Mandarin Oriental plans a major Egypt push with the Old Cataract in Aswan, Luxor’s Winter Palace and its first luxury Nile cruise.
Egyptian billionaire Hisham Talaat Moustafa to establish a private university
Hisham Talaat Moustafa is leading a new push into higher education as Talaat Moustafa Group plans a private university in Noor City.
Latest
Family linked to jailed Algerian auto tycoon Mahieddine Tahkout hid $15 million in assets, prosecutors say
Prosecutors say a family hid about $15 million in assets in a case linked to jailed auto tycoon Mahieddine Tahkout.
Billionaire-backed Curro moves to fully take over Meridian schools platform
Curro, backed by Jannie Mouton’s foundation, has been cleared to acquire Meridian linked entities, tightening control of its cost conscious school brand.
South African billionaire Michiel Le Roux’s Capitec nears Nedbank-level profits
Capitec’s projected earnings of up to $1.07 billion shifts Michiel Le Roux’s mission is to build a simplified, mass-market banking giant challenging South Africa’s biggest lenders
South African Agri tycoon Sean Walsh steps down as KAL Group CEO after 15 years
Veteran executive Sean Walsh is stepping down as CEO of KAL Group after nearly fifteen years of guiding expansion and transformation, while continuing to serve as Agbiz chairperson until June