Egypt’s richest billionaire Nassef Sawiris earns $370 million in 13 days
The serial investor holds stakes in the publicly traded fertilizer group OCI N.V., Adidas and LafargeHolcim.
North Africa
Orascom founder, billionaire patriarch of Egypt’s Sawiris family dies at 91
Onsi Sawiris passed away on June 29 at the age of 91.
Samih Sawiris’ Orascom seeks to build rail line linking Egypt and Sudanese capital of Khartoum
The Egyptian Transport Ministry has unveiled a plan to introduce a rail line linking Alexandria and Khartoum.
Stake of Moroccan venture capitalist and politician Adil Douiri in Mutandis drops by $1.76 million in 15 days
The loss can be attributed to a decline in the Mutandis share price.
Ahmed Ezz sees stake in Ezz Steel surge by $69.2 million after acquiring additional 33.4-percent stake
The acquisition raised his ownership interest in the company to 65.7 percent from 32.29 percent.
Egyptian billionaire Nassef Sawiris’ Fertiglobe joins Abu Dhabi blue ammonia project
The facility with a capacity of 1 million tonnes per annum.
Royal Family of Morocco’s stake in Attijariwafa Bank worth $5.07 billion
The bank’s share price has risen by 9.42 percent since Jan. 1.
Trella completes $42-million Series-A funding round for MENAP expansion: CEO Omar Hagrass
The latest round involves $30 million in equity and $12 million in debt facilities.
Stake of Moroccan real estate tycoon Anas Sefrioui in Groupe Addoha gains $94.69 million in 21 days
The gains can be linked to a 41-percent rise in the group’s share price on the Casablanca Stock Exchange.
Stake of Egypt’s Khamis family in Oriental Weavers gains $46.80 million
The rise was due to a 32.55-percent surge in the company’s shares on the Egyptian Stock Exchange.
Moroccan politician Adil Douiri to earn $529,545 in dividends from stake in Mutandis SCA
Mutandis is an industrial and commercial group focused on consumer goods in Morocco and Africa.
Egyptian billionaire Naguib Sawiris’ Orascom invests $12.7 million in Giza pyramids
Sawiris said Orascom has long been interested in participating in developing the area.
Egyptian billionaire Nassef Sawiris loses $160 million in 10 days
The drop is due to a single-digit slump in the market value of his shares in Adidas and OCI N.V.
Detained Tunisian media mogul Nabil Karoui released as case continues
Earlier, Karoui launched a hunger strike to protest his detention.
Naguib Sawiris-linked Endeavour Mining lists on London Stock Exchange
Endeavour Mining is West Africa’s largest gold producer.
Egyptian steel tycoon Ahmed Ezz acquires additional 33.4-percent stake in Ezz Steel
Ezz Steel is the largest steel company in Egypt, the Middle East and North Africa.