Ghabbour family’s GB Corp delivers $334 million in Q1 revenue
GB Corp. posted $334.4 million in Q1 revenue, driven by strong auto sales, CKD output, and expanding finance services amid Egypt’s improving economic environment.
North Africa
Khamis family loses $10 million on Oriental Weavers stake in 22 days
This follows a notable decline in the company’s share price on the Egyptian Exchange (EGX), bringing pressure on one of Egypt’s richest families.
Fawry delivers Q1 revenue of $53.3 million under Ashraf Sabry
Fawry’s Q1 2025 revenue surged 65.1% to $53.3 million under Ashraf Sabry, with record digital transactions and profit, cementing its fintech dominance in Egypt.
Algerian-born French tycoon Sue Nabi makes $14 million from Coty stake
Algerian-born French executive benefits from 10% rally in Coty shares, as stock momentum lifts wealth despite year-to-date losses.
Hisham Talaat Moustafa's TMG begins second phase of SouthMED following $20 billion in sales
TMG Holding launches SouthMED Phase 2 after hitting $20 billion in sales, setting new records and redefining luxury real estate on Egypt’s North Coast.