Controversial Egyptian tycoon Ahmed Ezz to acquire stake in Egyptian Steel for $159.2 million
Ezz Steel has an annual steel production of 7 million tonnes.
Egyptian billionaires
Meet the six Egyptian billionaires jointly worth $18.2 billion
Egypt ranks second in the elite group of African countries that account for over 50 percent of Africa’s private wealth.
Egypt’s wealthy Khamis family moves to sell Oriental Weavers China
Oriental Weavers China is the Chinese subsidiary of Oriental Weavers, the world’s largest machine-made carpet manufacturer.
Egyptian tycoon Ahmed El Sewedy’s Elsewedy Electric to build $40-million electrical factory in Tanzania
Elsewedy Electric is an Egypt-based multinational electrical company founded by the Elsewedy family in 1938.
Egyptian tycoon Naguib Sawiris’ property firm Gemini gets $100 million in investment from Abu Dhabi-based Chimera
Gemini is a property developer under Ora Developers, a real estate operator and investment holding.
Orascom Construction, controlled by billionaire Nassef Sawiris, moves to acquire equipment distribution business
Orascom Construction is a leading global engineering and construction contractor.
Egypt’s Ghabbour family gains $15.8 million in 11 days as shares in GB Auto rebound
The wealthy Ghabbour family holds a majority 62.9-percent stake in the leading auto manufacturer.
Egyptian billionaire Yasseen Mansour’s Palm Hills closes seventh securitization bond
The issuance was fully underwritten and co-arranged by several banks, including National Bank of Egypt.
Egypt’s richest man Nassef Sawiris loses $340 million in November as shares in Adidas slump
Since the year began, his net worth has declined by $44.2 million, or seven basis points.
Egyptian tycoon Hassan Allam’s construction group secures first-ever project in Jordan
Hassan Allam Holding is Egypt’s leading privately owned engineering, construction, and infrastructure group.
Egyptian billionaire Yasseen Mansour’s Palm Hills plans to invest $242 million in 2022
The projected investment for the coming financial year represents a 52-percent increase from last year.
Egyptian tech entrepreneur Ashraf Sabry loses over $10 million in 33 days
With a market capitalization of $1.38 billion, Fawry is one of Africa’s few tech companies worth over $1 billion.
Egyptian billionaire Nassef Sawiris’ net worth rises by $820 million in May
The surge is largely due to gains in his shares in Adidas and OCI N.V.