Nassef Sawiris’ Orascom Construction sells chemicals subsidiary for $53 million
This divestment is part of Orascom’s strategy to extract value across its assets for allocation to growth and value-accretive areas.
Egyptian billionaire
Egyptian billionaire Mohamed Mansour set to buy Major League Soccer team for $500 million
Mansour oversees Mansour Group, a family conglomerate, and has a net worth of $3.6 billion.
Adidas share price slump costs Egypt’s richest man $300 million in a single week
Sawiris remains the richest man in Egypt and the Arab world.
Egyptian billionaire Yasseen Mansour gains $2.2 million from real estate firm
Mansour sees gains from stake in Palm Hills Developments, with shares increasing by 20.86 percent.
Egyptian billionaire Naguib Sawiris supports brother’s decision to relocate investments to Saudi Arabia
Naguib Sawiris has defended his brother Samih’s statements on the difficulty of doing business in Egypt.
Naguib Sawiris’ Orascom Investment, BluEV join forces to revolutionize global transport industry
Sawiris emphasized that the partnership provides a viable solution to transform the transport sector in Egypt and the region.
Samih Sawiris shifts focus to Saudi Arabia, puts new investments in Egypt on hold
Sawiris, along with his brothers Nassef and Naguib Sawiris, is one of Egypt’s wealthiest businessmen.
Naguib Sawiris rakes in $110 million, YTD gains top $813 million
Sawiris owns a 70-percent stake in La Mancha Resources, a closely held company that invests in gold assets.
Mohamed Mansour’s net worth soars to $3.5 billion as wealth gains top $1 billion
The lion’s share of Mansour’s staggering $3.6-billion fortune emanates from his stake in Mansour Group.
Mohamed Al Fayed’s net worth surges by $100 million in 60 days
Al Fayed’s net worth has risen by $100 million since the start of 2023.
Ahmed Ezz’s steel firm beats profit expectations, rakes in over $210 million
Ezz owns a controlling 60.7-percent stake in Ezz Steel.
Egyptian billionaire Naguib Sawiris’ net worth skyrockets to $5.8 billion
Sawiris predominantly holds his wealth in cash and closely held assets.
Egyptian tycoon Hassan Allam’s firm bags construction contract for Rosewood Amaala project in Saudi Arabia
With a construction backlog of $2.8 billion, Hassan Allam Holding has established itself as a key player in the construction industry.
Orascom Construction, led by Sawiris family, achieves major milestone in Egypt as part of consortium
Orascom Construction is 51.8 percent owned by the Sawiris family.
Egyptian billionaire Nassef Sawiris, partner inject $25 million into Aston Villa
The cash is interest-free and likely to be used to fund day-to-day operational activities.
Led by Egypt’s richest family, Orascom Construction smashes expectations with $134 million in profit in 2022
Orascom Construction is majority-owned by the Sawiris family through their private investment vehicle OS Private Trust Company.