TAQA Arabia, led by Egyptian exec Pakinam Kafafi, launches payment unit
Kafafi, a prominent figure in North Africa’s business landscape, has played a pivotal role in TAQA’s remarkable growth trajectory.
Egypt
Egyptian billionaire Ahmed Ezz takes $36.5-million loss from Ezz Steel stake
Ezz, a leading Egyptian industrialist, owns a 60.7-percent stake in Ezz Steel, equating to 329,816,198 shares in the steel behemoth.
Egyptian fintech founder Ashraf Sabry loses $1.3 million from Fawry stake
Sabry, who founded Fawry in 2008 and pioneered electronic bill payments in Egypt, owns 2.345 percent of the fintech firm.
Egyptian mogul Safwan Thabet loses $23.6 million in 57 days from stake in Juhayna
Thabet owns a majority 50.07-percent stake in Juhayna Food Industries through Pharon Investments.
Egyptian businessman Hani Berzi’s Edita secures $45-million loan from IFC
Under Berzi’s leadership, Edita Food Industries experienced a remarkable upswing of 92.8 percent in profits.
Real estate firm led by Egyptian billionaire Yasseen Mansour unveils $2.75-billion venture
Mansour, the group’s chairman, maintains a 7.29-percent ownership interest in Palm Hills Developments.
Egypt’s newest billionaires, El-Sewedy family sees billion-dollar fortune take a hit
The market value of the El-Sewedy family’s stake in Elsewedy Electric has slumped by $76 million in the past eight days.
Oriental Weavers, led by Egyptian tycoon Yasmine Khamis, sells stake in NBK Egypt
The Khamis family, Egyptian multimillionaires, holds a majority stake of 56.58 percent in the company, which distributes its products in Oriental Weavers.
Egypt’s richest man Nassef Sawiris gains $150 million in 4 days
Sawiris’ net worth has surged by $150 million in just four days, translating to an average gain of $37.5 million per day since Sept. 26.
Saudi fund eyes stake in real estate firm led by Egyptian billionaire
Egyptian billionaire Yasseen Mansour retains a 7.29-percent ownership stake in Palm Hills Development.
Hisham Talaat Moustafa, one of Egypt’s richest men, rakes in $124 million
With a 43.16-percent stake in TMG, Hisham Talaat Moustafa ranks among the richest investors on the Egyptian Exchange.
Egyptian tycoon Medhat Khalil hit by $8.5-million loss in Raya Holding stake
Raya Holding, formed in 1999 through a merger between entities owned by Khalil and Orascom Group, is a key player in the Egyptian investment landscape.
Egyptian businessman Hani Berzi loses over $12 million from Edita stake
Despite the recent slump in the market value of his stake, Berzi remains one of the richest investors on the Egyptian Stock Exchange.
Egyptian billionaire Ahmed Ezz gains $36 million from stake in steel company
Ezz, a leading Egyptian industrialist, owns a 60.7-percent stake in Ezz Steel, equating to 329,816,198 shares in the steel behemoth.
Egypt’s richest man Nassef Sawiris loses $103 million in 5 days
Despite the recent $103 million decline in his fortune, Sawiris’ present fortune of $7.51 billion makes him the 303rd richest individual globally.
7 companies owned by Egypt’s richest man Nassef Sawiris
Sawiris derives his wealth from his holdings in Adidas, the renowned sportswear giant, and OCI N.V., a Netherlands-based fertilizer producer.