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.
Egyptian billionaire
Egypt’s richest man Nassef Sawiris gains $260 million in 29 days, as Adidas shares surge
The resurgence in Sawiris’ wealth can be primarily attributed to the impressive performance of his holdings in Adidas.
Egyptian magnate Waleed Zaki’s Pioneers Properties sells $7.6 million in shares in historic Egyptian real estate firm
Pioneers Properties has reduced its stake in United Company for Housing and Development from 35.06 percent to 17.74 percent.
Egyptian billionaire Naguib Sawiris faces $140-million setback in net worth
The recent pullback in the wealth figures comes after Sawiris recorded a $1.01-billion bump in his fortune between Jan. 1 and June 19.
Qatari dairy company acquires 15-percent stake in Egyptian tycoon Safwan Thabet’s Juhayna
Qatari dairy producer Baladna now owns 15-percent of Juhayna Food Industries, which is controlled by Thabet.
Nassef Sawiris-linked firm reduces stake in Portuguese club in compliance with UEFA regulations
Egyptian billionaire Nassef Sawiris is considered one of Europe’s wealthiest football club owners.
Egypt’s second-richest man Naguib Sawiris hits new milestone as net worth soars past $6 billion
Sawiris’ net worth has risen from $5.1 billion on Jan. 1 to an impressive $6.11 billion at the time of drafting this report.
Egypt’s richest man Nassef Sawiris’ Aston Villa stake skyrockets by $13 million in 2023
As of the time of reporting, the market value of Sawiris’ holdings in Aston Villa has reached an impressive $147 million.
Naguib Sawiris’ Orascom Investment delivers strong $3.5 million profit in Q1 2023
Orascom Investment Holding was established in 2011 under the leadership of Egyptian billionaire Naguib Sawiris
Egyptian billionaire Samih Sawiris plans major tourism investment in Saudi Arabia
Sawiris’ foray into the Saudi Arabian tourism market follows a series of successful ventures in other countries.
Egypt’s richest man Nassef Sawiris loses more than $67 million in 2023
Despite the decline in his net worth, Sawiris remains a prominent figure among African business leaders.
Egyptian billionaire Yasseen Mansour’s Palm Hills faces profit decline in Q1 2023
Under Mansour’s leadership, the firm delivered exceptional financial results at the end of the 2022 fiscal year.
Led by Egypt’s richest family, Orascom Construction reports profit of $40.1 million in Q1 2023
Established in 1950 by the late Egyptian businessman Onsi Sawiris, Orascom Construction is majority-owned by the Sawiris family.
Egypt’s second-richest man unveils $1.2 billion in investment projects in Uzbekistan
The announcement came during a meeting between Egypt’s second-richest man Naguib Sawiris and Uzbek President Shavkat Mirziyoyev.
Egyptian billionaire Mohamed Mansour makes historic $6.2-million donation to UK Conservative Party
The contribution marks the largest individual donation received by the party in the past two decades.
Egypt’s second-richest man Naguib Sawiris suffers $110 million loss in just nine days
Sawiris, Egypt’s second-richest billionaire, faces a net-worth decline amid subdued gold prices.