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.
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The contribution marks the largest individual donation received by the party in the past two decades.
Sawiris, Egypt’s second-richest billionaire, faces a net-worth decline amid subdued gold prices.
This divestment is part of Orascom’s strategy to extract value across its assets for allocation to growth and value-accretive areas.
Mansour oversees Mansour Group, a family conglomerate, and has a net worth of $3.6 billion.
Sawiris remains the richest man in Egypt and the Arab world.
Mansour sees gains from stake in Palm Hills Developments, with shares increasing by 20.86 percent.
Naguib Sawiris has defended his brother Samih’s statements on the difficulty of doing business in Egypt.
Sawiris emphasized that the partnership provides a viable solution to transform the transport sector in Egypt and the region.
Sawiris, along with his brothers Nassef and Naguib Sawiris, is one of Egypt’s wealthiest businessmen.
Sawiris owns a 70-percent stake in La Mancha Resources, a closely held company that invests in gold assets.
The lion’s share of Mansour’s staggering $3.6-billion fortune emanates from his stake in Mansour Group.
Al Fayed’s net worth has risen by $100 million since the start of 2023.
Ezz owns a controlling 60.7-percent stake in Ezz Steel.
Sawiris predominantly holds his wealth in cash and closely held assets.
With a construction backlog of $2.8 billion, Hassan Allam Holding has established itself as a key player in the construction industry.
Orascom Construction is 51.8 percent owned by the Sawiris family.