Wealthy Tunisian Ben Yedder family earns $7.19 million as Ennakl Auto shares surge
Ennakl Automobiles is a Tunisia-based company majority-owned by the affluent Yedder family.
North Africa
Mohammed Abdeljalil-led Marsa Maroc posts $193.61-million mid-year revenue
Compared with last year, the group’s consolidated revenue rose by 20 percent.
Adel Hamed-led Telecom Egypt posts 88-percent growth in net profit for H1
The growth translates to profits of $248.4 million in H1 2021.
Egyptian tycoon Ahmed Ezz’s steel giant reports $152.87 million in profit for H1 2021
The leading steel manufacturer saw its profit grow from a loss of $176.43 million in H1 2020.
Mohammed Mounir led-Banque Populaire prepares to convert dividends into new shares
The group is a leading financial services company in Morocco with overseas offices.
Adil Douiri’s Mutandis posts $77.4-million mid-year revenue as Morocco’s beverage consumption rebounds
Compared with last year, the group’s revenues improved by one percent.
Egypt awards Maghagha wastewater treatment plant project to Hassan Allam Construction
The plant is part of the government’s strategy to improve sanitation services in rural areas.
Egyptian real estate tycoon Talaat Moustafa earns $99.2 million as TMG shares make sharp rebound
Moustafa founded the Egypt-based real estate holding in 1974.
Moulay Elalamy leads Morocco to partner with Renault Group in billion-dollar deal
The 61-year-old businessman is the founder and owner of Saham Group.
Egyptian billionaire Naguib Sawiris unveils new mining fund, La Mancha Fund SCSp
The fund will be dedicated primarily to gold mining.
Stake of Egyptian businessman Safwan Thabet in Juhayna Food Industries gains $44.42 million
Juhayna’s shares have been on the rise since June 1, as bargain hunters acquire shares following a four-month sell-off.
Influential Egyptian Mahmoud family gains $67.79 million from joint stake in MM Group in 77 days
The gains came off the back of a rise in the company’s share price.
Tunisian tycoon Moncef Sellami loses $3.49 million as OneTech shares retreat from nine-month high
OneTech is a Tunisia-based industrial player operating in the automotive, energy and industrial sectors.
Stake of Egypt’s Elsewedy family in Elsewedy Electric falls by $162.21 million since early 2021
Elsewedy Electric is an Egypt-based joint-stock company established by the Elsewedy family in 1938.
Egyptian real estate mogul Hisham Talaat Moustafa’s stake in TMG Holding gains $50.43 million
The group’s shares have risen after reports that it posted net profits of $28.48 million in Q1 2021.
Moroccan real estate mogul Alami Lazraq gains $12.969 million from stake in ADI
Founded in 1994 by Lazraq, ADI is one of the largest home and hotel builders in Morocco.