Led by Egyptian Khamis family, Oriental Weavers’ profit slumps below $24 million
The Khamis family’s share in Oriental Weavers is worth $117 million.
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The Khamis family’s share in Oriental Weavers is worth $117 million.
IDH is a major consumer healthcare group in the Middle East and Africa.
El-Sherbini explained that the ramp-up strategy will create added value for IDH.
El-Sherbini controls a 26.1-percent stake in the group.
Oriental Weavers operates under the leadership of Egyptian businesswoman Yasmine Mohamed Farid Khamis.
Her stake in the company has now risen from 25.5 to 26.1 percent.
IDH is one of the Middle East and Africa’s leading consumer healthcare groups.
This is a quarter of the $70-million dividend approved by the board at the end of the 2021 financial year.
IDH is a leading consumer healthcare group in the Middle East and Africa.