Egyptian billionaire Nassef Sawiris lifts his OCI stake to 57.5% in takeover push
Nassef Sawiris bought a further 320,708 OCI shares on Wednesday, taking his combined holding to 57.5% as his takeover offer proceeds.
Egypt
Egyptian billionaire Naguib Sawiris takes the chair at Orascom Investment and lends it $10 million
Naguib Sawiris has become chairman of Orascom Investment Holding, whose shareholders approved a loan of up to $10 million from its principal owner.
Egyptian tycoon Nagy Toma's factories make 20 million garments a year for Benetton and Decathlon
Nagy Toma's Dice Group runs six Egyptian factories and 8,500 workers, making 20.4 million garments a year for brands including Benetton.
Egyptian billionaire Hisham Talaat Moustafa's TMG books $3.4 billion of sales in a single quarter
Hisham Talaat Moustafa's TMG lifted half-year net profit 23% and booked $3.4 billion of contracted sales in the second quarter alone.
Egyptian billionaire Ahmed Elsewedy's Elsewedy Electric lifts sales 37% as margins narrow
Elsewedy Electric, run by Egyptian billionaire Ahmed El-Sewedy, grew quarterly sales 37% while net income rose 12% and the stock fell 2%.
Egypt's wealthy Khamis family nearly doubles Oriental Weavers profit on export subsidy windfall
Oriental Weavers, controlled by Egypt's Khamis family, nearly doubled quarterly profit as US and European buyers offset weak demand at home.
Mounir Nakhla plans to list only MNT-Halan's Egyptian arm and keep the rest private
MNT-Halan's planned Cairo listing covers only its Egyptian arm, valued at up to $1 billion, with its Turkish, Pakistani and Gulf operations staying private.
Egyptian billionaire Hisham Talaat Moustafa wins final approval for $27 billion Cairo city
Egypt's cabinet has approved the country's first private investment zone with its own customs system for Hisham Talaat Moustafa's LE1.4 trillion Spine project.
Egyptian healthcare tycoon Hend El Sherbini's $291 million take-private draws zero acceptances
IDH chief executive Hend El Sherbini's $291 million bid to take the Egyptian diagnostics group private had drawn no acceptances by July 22.
Egypt's billionaire El Sewedy family deepens education push with eight new German-model tech schools
Egypt's billionaire El Sewedy family is partnering with the government to launch eight Egyptian-German technical schools built on a German training model.
Billionaire Nassef Sawiris' Aston Villa banks record $157 million from Chelsea sale of Morgan Rogers
Aston Villa, chaired by Egypt's richest man Nassef Sawiris, has agreed a record $157 million sale of Morgan Rogers to Chelsea.
Egypt's wealthy Allam family weighs public listings for Hassan Allam real estate and infrastructure units
Egypt's Hassan Allam Holding is weighing public listings for real estate and infrastructure subsidiaries on Gulf exchanges or the EGX, keeping the parent private.
Egyptian billionaire Naguib Sawiris pours another $10 million into the Giza pyramids revamp
Naguib Sawiris is adding about $10 million to his Giza pyramids overhaul, funding 30 electric buses and a 15,000-seat sports pavilion.