Egypt’s multimillionaire Khamis family gains $14.8 million from Oriental Weaver stake
This recent surge further solidifies the Khamis family’s position as leading investors on the Egyptian Exchange.
Egypt
Egyptian executive Pakinam Kafafi leads TAQA Arabia to $75 million revenue in Q1 2024
Driven by sustained energy demand, TAQA Arabia’s revenue climbed to $75.3 million in the first three months of 2024, up from $61.8 million in the same period last year.
Egyptian tycoon Medhat Khalil’s Raya CX buys stake in Bahraini firm from U.S. investor
The acquisition, detailed in a market filing, saw Raya CX purchase 59,170 shares in the Bahraini company from an American investor.
Egyptian tycoon Hani Berzi’s stake in Edita Foods gains $11 million in 9 days
The significant increase in the market value of Berzi’s stake in Edita Food Industries further solidifies his position as one of the richest individuals in Egypt.
Ezz Steel shares plunge, costing Egyptian tycoon Ahmed Ezz $35.9 million
Egyptian billionaire and prominent industrialist Ahmed Ezz owns 60.7 percent of Ezz Steel, or 329,816,198 shares.
Egyptian billionaire Yasseen Mansour loses $5.1 million from Palm Hills stake
Despite the recent decline in the market value of his holding in Palm Hills, Mansour remains one of Egypt’s wealthiest men.
Ahmed El-Sewedy-led electric group seals deal to advance grain silos industry in Egypt
This initiative aligns with the Egyptian government’s food security strategy of localizing grain silo manufacturing.
Egyptian banker Karim Awad leads EFG Hermes in $12.5-million debt issuance for HSB
The issuance marks a significant milestone for EFG Hermes, representing its fifth such issuance and the second within a pre-approved EGP2-billion ($41.8 million) program.
Egypt’s second-richest man loses $200 million in 3 weeks
Sawiris’ net worth currently stands at $6.53 billion, ranking him 422nd globally. This reflects a recent decline from a peak of $6.73 billion reached on April 9, 2024.
Egyptian businessman Medhat Khalil loses $8.6 million from Raya Holdings stake
Despite this recent downturn, Khalil remains a notable investor in the Egyptian Exchange and continues to be recognized among the country’s wealthiest individuals.
Egyptian tycoon Hassan Allam’s group wins signaling contract for UAE-Oman railway link
The 303-kilometer Abu Dhabi-Sohar railway link will feature state-of-the-art, desert-proof ETCS Level 2 signaling, telecoms, and power supply systems.
Egypt’s richest man Nassef Sawiris’ net worth soars by $410 million in 9 days
The unexpected surge catapults Sawiris nine spots on the Bloomberg Billionaires Index, from 300th to 291st.
Egyptian tycoon Hani Berzi loses over $21 million from Edita stake in just 9 days
Berzi owns a significant 41.95-percent stake in Edita Food Industries through Quantum Invest BV.
Mansour family firm to launch new car model in Egypt with $20 million
The announcement comes hot on the heels of a pivotal meeting convened at the New Administrative Capital’s government headquarters.
Egypt’s Khamis family gains $18.8 million from Oriental Weavers stake
This increase is fueled by heightened investor interest in the Cairo-based company on the Egyptian Exchange.
Egyptian tycoon Hisham Talaat Moustafa’s TMG share loses $109 million in value
Despite these setbacks, Moustafa remains a prominent investor on the EGX and a leading figure among North Africa’s wealthiest individuals.