Egyptian billionaire Hisham Talaat Moustafa’s TMG records $107-million profit in 2023
Shareholders can anticipate dividends distributed in two installments of EGP0.109 ($0.00356) each, with pay-out dates scheduled for May 31 and July 31.
Egypt
Egyptian tycoon Safwan Thabet’s Juhayna unveils ambitious export expansion plans
Established nearly four decades ago by Thabet, Juhayna has become a significant player in the region’s consumer goods industry.
Egyptian tycoon Hassan Allam’s firm forms strategic partnership with Saudi real estate giant Sumou
The collaboration aims to promote cooperation between the two companies for the development of high-quality real estate projects in Saudi Arabia and Egypt.
Egyptian magnate Waleed Zaki’s firm takes first step in $712-million project in New Cairo
The IVOIRE East project is envisioned to house more than 1,000 families, boasting an array of luxurious villas and duplexes alongside commercial and administrative areas.
Egypt’s multimillionaire Khamis family loses nearly $70 million in 5 days
Despite the recent $69 million decline in the market value of their stake, the family maintains their position among Egypt’s wealthiest families and leading investors
Egyptian tycoon Ashraf Sabry’s Fawry and LA Market join forces to boost local businesses
Fawry, with esteemed shareholders including the National Bank of Egypt and Banque Misr, has positioned itself as a key player in Africa’s fintech landscape.
Egyptian billionaire Ahmed Ezz rakes in $45 million in 2 weeks
His stake, which translates to a total of 329,816,198 shares in the steel giant, has solidified his position among the richest investors on the Egyptian Exchange.
Egypt’s El-Sewedy family hits jackpot with $1.6-billion stake in electric firm
According to Billionaires.Africa, the market value of the El-Sewedy family’s share in Elsewedy Electric has gained EGP4.02 billion ($129.96 million) in the last two weeks.
Egypt’s second-richest man Naguib Sawiris gains $110 million in 5 days
His recent $110-million wealth gain is attributed to the recent performance of his investments, which encompass real estate, teleom, and the mining industry.
Egyptian tycoon Hani Berzi rakes in $28 million in 5 days from Edita stake
Berzi holds a 41.95-percent stake, equivalent to 303,323,015 ordinary shares in the Egyptian consumer goods giant, facilitated by Quantum Invest BV.
Egypt’s Khamis family gains $38.7 million from Oriental Weavers stake
The Khamis family, one of Egypt’s wealthiest, currently holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
Egyptian billionaire Ghabbour family gains nearly $12 million in 3 days
The Ghabbour family holds a significant 62.9-percent stake in the automaker, or 682,779,500 ordinary shares.
North Africa’s richest man considers breaking up his billion-dollar empire
Sawiris hails U.S. investor Jeff Ubben’s influence as OCI embraces strategic overhaul.
Egypt’s newest billionaire Hisham Talaat Moustafa’s TMG stake hits $1.3 billion
Hisham Talaat Moustafa is not only one of the wealthiest investors on the Egyptian Exchange but also one of the wealthiest people in the entire North African region
Egyptian tycoon Hisham Talaat Moustafa’s TMG secures stake in newly established Legacy Hospitality
The recent acquisition aligns with TMG’s strategy to maximize recurring income activities, enhance foreign currency resources, and create spare liquidity for future dividends.
Egyptian billionaire Yasseen Mansour rakes in $2.8 million from real estate firm
Mansour owns a sizable 5.6-percent stake in the Cairo-based real estate firm, which translates to 202,291,698 ordinary shares.