Ghabbour family, one of Egypt’s wealthiest, gains $21.5 million from GB Corp.
The recent rally in GB Corp.’s shares has pushed the Ghabbour family’s stake to nearly $234 million.
Related
Egypt's Hassan Allam Properties targets $297.4 million in 2026 projects, prepares new hospitality brand
Developer Hassan Allam Properties targets 14 billion pounds in 2026 work and will launch a hospitality brand to manage hotels opening in 2028-29.
Billionaire Hisham Talaat Moustafa says real estate prices in Egypt are unlikely to fall soon
Egypt’s top developer says housing prices follow land and building costs, and demand remains strong despite higher expenses.
EBRD approves $25 million loan to Hassan Allam to modernize equipment in Egypt
The EBRD approved a $25 million loan to Hassan Allam Holding to upgrade equipment and support lower emission construction operations in Egypt.
Mauritius-based businessman Antoine Delaporte's Adenia buys majority stake in Egypt’s Parkville
Adenia Partners buys controlling stake in Egypt’s Parkville, expanding into health, personal care, and Middle East-Africa markets.
Latest
Nigerian billionaire Abdulsamad Rabiu tops stock gains in 2025, beats Dangote
Abdul Samad Rabiu emerged as Nigeria’s biggest stock market winner in 2025, overtaking Aliko Dangote as soaring share prices lifted billionaire fortunes.
Nigerian businessman Matthew Tonlagha signs $720,000 U.S. lobbying deal as Abuja courts Washington
Matthew Tonlagha, a Tantita Security Services executive, signed a six month $720,000 lobbying deal in Washington to boost U.S. Nigeria ties.
Senegalese multimillionaire Kabirou Mbodje jailed in Paris as rape allegations case deepens
A Paris court kept Wari founder Kabirou Mbodje in custody, rejecting release as prosecutors cite witness pressure fears and flight risk.
Kenyan billionaire Narendra Raval's Devki Group wins local approval to start Kishushe mining in Taita Taveta county
Shareholders at Kishushe Ranch in Kenya’s Taita Taveta county unanimously approved Devki Group’s mining plans, with officials promising jobs and road upgrades.