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Egyptian billionaire Yasseen Mansour’s reported stake in Palm Hills Developments increased to 14.11%, while a shareholder disclosure listed his son with 3 million shares.
MNT-Halan's Egyptian arm opened its 7.84 billion pound IPO at EGP 24.5 a share, Egypt's largest offering since 2021, with trading expected on Oct. 20.
Ahmed Tarek Khalil sold 8.34% of Ajwa for Food Industries Egypt for EGP 301.65 million, about $6 million, exiting the edible oils maker entirely.
Naguib Sawiris has become chairman of Orascom Investment Holding, whose shareholders approved a loan of up to $10 million from its principal owner.
Nagy Toma's Dice Group runs six Egyptian factories and 8,500 workers, making 20.4 million garments a year for brands including Benetton.
Hisham Talaat Moustafa's TMG lifted half-year net profit 23% and booked $3.4 billion of contracted sales in the second quarter alone.
Elsewedy Electric, run by Egyptian billionaire Ahmed El-Sewedy, grew quarterly sales 37% while net income rose 12% and the stock fell 2%.
Oriental Weavers, controlled by Egypt's Khamis family, nearly doubled quarterly profit as US and European buyers offset weak demand at home.
Yasseen Mansour's Palm Hills Development posted a 29.55 percent rise in consolidated net profit to EGP 4.22 billion for full-year 2025.
Egypt’s stock market surged over the past year. Here are the 30 biggest listed equity fortunes on the EGX, with stakes and dollar values.
In just 26 days, his stake increased by $5 million, driven by a 12.56 percent jump in share price.
The Cairo-based developer said it has repurchased 42.7 million shares, about 2 percent of its total share capital, through open-market transactions.
The setback comes on the heels of a more positive period earlier this year, when his stake grew by $54.87 million.
The Egyptian billionaire’s stake could have grown by as much as $41.9 million if not for the devaluation of the Egyptian pound against the U.S. dollar.
This decline reversed a $17.05 million gain for the Khamis family between October 9 and 15.
