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 billionaire
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.
Egyptian mogul Khaled Mahmoud’s MM Group reports 60-percent slump in earnings in Q1 2022
Mahmoud owns a significant 10.13-percent stake in the company, worth nearly $13 million.
Egyptian billionaire Nassef Sawiris gains $1.25 billion in May
Sawiris’ net worth reached $7.45 billion at the end of the month.
Construction firm owned by Egypt’s wealthy Sawiris family to build industrial park
Nassef Sawiris owns 28.97 percent of the multinational construction group, or 33,825,323 shares.
Led by Egypt’s richest family, Orascom Construction sees profit drop 43.1 percent in Q1 2022
Nassef Sawiris owns 28.97 percent of the multinational construction group, or 33,825,323 shares.