Led by Egyptian Khamis family, Oriental Weavers’ earnings fall as raw material prices rise
Yasmine Mohamed Khamis and her family own a 56.58-percent controlling interest in the leading carpet manufacturer.
Yasmine Mohamed Khamis and her family own a 56.58-percent controlling interest in the leading carpet manufacturer.
The family is set to earn $23.9 million in final dividends from their stake in the leading carpet manufacturer.
Oriental Weavers’ market capitalization is now valued at $324.9 million.
At the current market price, the wealthy family’s shareholding is worth EGP2.7 billion ($194.2 million).
Farida Khamis and other members of the Khamis family jointly control a 56.58-percent stake in the leading carpet maker.
Oriental Weavers China is the Chinese subsidiary of Oriental Weavers, the world’s largest machine-made carpet manufacturer.