Egyptian billionaire Samih Sawiris’ tourism company in Europe files for bankruptcy
FTI has set up a hotline and website to assist customers, announcing that all trips starting June 4 will either be canceled or partially fulfilled.
Egypt
Vodacom, led by South African exec Shameel Joosub, deploys world first mobile radio equipment in Egypt
Vodacom Group led by leading South African executive Shameel Joosub has announced the successful deployment of a world-first triple-band mobile radio unit.
Egyptian billionaire Samih Sawiris sells UAE tourism company for $40 million
The $40 million transaction includes the entire share capital of RAK, which holds leasehold rights to The Cove Rotana Hotel, a 349-room luxury resort in Ras Al Khaimah.
Egyptian billionaire Hisham Talaat Moustafa’s TMG stake falls below $1.1 billion
This follows a $59.19 million gain between May 15 and 23, when the market value of his shares climbed from EGP51.4 billion ($1.1 billion) to EGP54.1 billion ($1.16 billion).
Khamis family leads Oriental Weavers to record $106-million revenue in Q1 2024
Oriental weavers led and majority owned by the Egyptian Khamis family recently published its Q1, 2024 results.
Egyptian billionaire Yasseen Mansour’s company records $131-million revenue in Q1 2024
Executive Chairman Yasseen Mansour attributed the impressive results to strong sales across various regions.
Egyptian billionaire Ghabbour family gains $20.7 million in 16 days
This surge has pushed the group’s market cap above $255 million, delivering substantial gains to shareholders, including the wealthy Ghabbour family.
Egyptian tycoon Medhat Khalil earns $4.2 million in just 12 days
As a result of the double-digit share price increase, the market value of Medhat Khalil’s stake has risen to $28.89 million from $24.66 million.
Edita Food shares surge, boosting Hani Berzi’s stake by $17.2 million
While Berzi’s stake in Edita Food has climbed recently, investors should be cautious. Year-to-date, the share price is down 3.88 percent.
Egypt’s richest man Nassef Sawiris’ net worth tops $9 billion
Year-to-date, Sawiris’ wealth has increased by $667 million, driven by the performance of his stakes in Dutch fertilizer giant OCI N.V. and German sportswear giant Adidas.
Egyptian football superstar Mohamed Salah earns $53 million in past year
Beyond his on-field achievements, Salah has parlayed his influence into lucrative endorsement deals with industry giants like Adidas.
Egyptian tycoon Hisham Talaat Moustafa gains $59 million from TMG shares
This significant upswing not only solidifies Moustafa’s status as one of the most influential investors on the EGX, but also elevates him to the ranks of Africa’s billionaires.
Oriental Weavers, under Egyptian tycoon Yasmine Khamis, plans investment in education
The announcement came from Yasmine Khamis on the sidelines of the United Nations Global Compact Annual Forum hosted by the UNGCNE.
Egypt’s multimillionaire Khamis family gains $8.3 million from Oriental Weavers stake
While the Khamis family’s stake has soared recently, investors seeking to emulate their success through Oriental Weavers shares should exercise caution.
Egyptian billionaire Yasseen Mansour’s Palm Hills signs deal for Northern Coast project
Under Yasseen Mansour’s leadership, Palm Hills reported a $51.1 million profit at the end of its 2023 fiscal year, reflecting a robust 25.9 percent year-over-year increase.
Egyptian businessman Ahmed Ezz gains over $110 million from Ezz Steel stake
According to data tracked by Billionaires.Africa, Ezz’s stake in Ezz Steel has climbed EGP5.28 billion ($113.13 million) over the past nine days.