Egyptian billionaire Ahmed Ezz gains $137 million as Ezz Steel shares surge
Ezz holds a majority 60.7-percent stake in Ezz Steel, or 329,816,198 shares.
Egypt
Egyptian Khamis family gains over $50 million from stake in Oriental Weavers
The Khamis family, one of Egypt’s wealthiest, currently holds a majority stake of 40.58 percent in Oriental Weavers.
Egypt’s NSPO acquires $52-million stake in Pakinam Kafafi-led TAQA Arabia
The acquisition comes as no surprise, given TAQA Arabia’s remarkable growth under the leadership of Kafafi.
Egyptian billionaire Mohamed Al Fayed’s net worth surges by $100 million in 107 days
Al Fayed’s net worth has soared by $100 million, reaching $2.1 billion from $2 billion on April 10.
7 companies owned by Egypt’s third-richest man, Mohamed Mansour
Mansour co-owns Mansour Group with his billionaire brothers Yasseen and Youssef Mansour, fostering a collective commitment to innovation and prosperity.
Egyptian billionaire Naguib Sawiris’ net worth bounces back above $6 billion
The surge comes as a welcome development for Sawiris after witnessing a dip in his wealth below $6 billion earlier this month.
Egyptian billionaire Yasseen Mansour’s Palm Hills concludes $15.3-million securitized bond
Mansour owns a significant 5.22-percent stake in Palm Hills Developments
Egypt Kuwait Holding, led by Egyptian businessman Sherif El-Zayat, launches $45 million factory
Sherif El-Zayat, the managing director of Egypt Kuwait Holding, revealed that the sulfuric acid factory is projected to achieve an annual production capacity of 165,000 tonnes.
Egyptian tycoon Hisham Talaat Moustafa’s TMG inks deal with Savills for ‘The Strip’ project in Madinaty
With a 43.16-percent ownership stake in TMG Holding, Moustafa is widely recognized as one of the wealthiest investors on the Egyptian Exchange.
Egypt’s billionaire El-Sewedy family suffers $50 million loss from El Sewedy Electric stake
The El-Sewedy family, represented by Sadek, Ahmed, and Mohammed Elsewedy, owns 68 percent of Elsewedy Electric.
TAQA Arabia, led by Egyptian exec Pakinam Kafafi, sees $120-million block trading deal after listing
Kafafi, who is one of North Africa’s leading businesswomen, has played a pivotal role in TAQA’s growth.
Egypt’s steel giant, owned by billionaire Ahmed Ezz, suffers $53-million loss in Q1 2023
Ezz, one of Egypt’s richest businessmen, owns a significant 60.7-percent stake in Ezz Steel.
Africa’s richest list reshuffled amid devaluations: Nigerian billionaires suffer, South African billionaires thrive
While South African billionaires enjoyed substantial gains from their well-diversified portfolios, their Nigerian counterparts bore the brunt of devaluations.
Elon Musk’s SpaceX to roll out Starlink satellite Internet service in Ghana, Egypt by 2024
The move comes as Musk, the world’s second-richest person, takes charge of technological advancement.
Tech billionaire Olugbenga Agboola’s Flutterwave set to launch North African operations
Flutterwave is a leading payment technology provider in Africa.
Saudi entrepreneur Salman Al-Suhaibaney’s Morni signs deal to invest $10 million in Egypt
Morni Holding is a Saudi Arabia-based mobility solutions platform.