Egyptian billionaire Yasseen Mansour’s Palm Hills reports over $550 million in property sales
Mansour owns a sizable 5.22-percent stake in the real estate firm.
Egyptian billionaire
London-based Egyptian billionaire Mohamed Al Fayed loses $100 million in 110 days
Despite the drop in his net worth, Al Fayed still ranks as one of Africa’s wealthiest billionaires.
Financial services firm linked to Egypt’s Sawiris family suffers over $12 million in losses in H1 2022
OFH was founded in 1997 by the late Onsi Sawiris, a member of Egypt’s billionaire Sawiris family.
Egyptian billionaire Yasseen Mansour gains $1.86 million in 74 days from Palm Hills stake
Mansou owns a sizable 5.6-percent stake in the Cairo-based real estate firm.
Nassef Sawiris gains $7 million in July, recoups only fraction of June $600-million loss
Sawiris sits on the boards of Adidas and OCI N.V.
Egyptian businessman Medhat Khalil loses $42 million in 15 weeks from stake in Raya Holding
Raya Holding is an Egyptian investment conglomerate formed in 1999.
Billionaire Mohamed Mansour’s Infinity to acquire Lekela Power in Africa’s biggest renewable energy deal
Infinity is Egypt’s only dedicated renewable energy solutions provider.
Egyptian Khamis family loses more than $50 million in 16 weeks on stake in Oriental Weavers
The Khamis family is one of Egypt’s wealthiest families.
Egyptian billionaire Naguib Sawiris considers sale of Italy’s largest Internet services group
Sources say the Sawiris-led group is considering selling a minority stake or even a controlling stake.
Egyptian billionaire Yasseen Mansour loses over $6.7 million from stake in Palm Hills
Despite the year-to-date loss, Mansour remains one of Africa’s wealthiest men.
Egypt’s richest man Nassef Sawiris loses $600 million in June after gaining $1.25 billion in May
His fortune is derived from a 38.8-percent stake in Netherlands-based OCI N.V. and a six-percent stake in German sportswear behemoth Adidas.
Egyptian billionaire Naguib Sawiris says President Vladimir Putin ‘another Hitler in the making’
This is the latest comment by the Egyptian billionaire on the Russia-Ukraine crisis.
Egyptian billionaire Nassef Sawiris loses $840 million in 12 days as shares of OCI, Adidas fall
Sawiris’ stakes in Adidas and OCI N.V. are now worth $2.11 billion and $2.26 billion, respectively.
Egyptian businessman Medhat Khalil’s Raya Holding partners with Huawei to build sustainable data centers
Raya Holding is a leading brand in Egypt, with its operations generating a net profit of $34.5 million in 2021.
Egyptian steel magnate Ahmed Ezz’s steel company leads as top MENA steel producer
According to World Steel, Ezz Steel ranks first in Africa and the Arab world, with a total output of 5.14 million tonnes.
Egyptian mogul Ahmed Ezz’s steel company records more than $65 million in profit in Q1 2022
Ezz owns a majority 60.7-percent stake in Ezz Steel.