Ghabbour family’s GB Corp stake surges past $300 million
The recent rally has boosted the market value of the Ghabbour family’s 63.4% stake by $23.48 million, increasing from $279.94 million to $303.42 million.
North Africa
Moulay Hafid Elalamy shifts focus to banking expansion, exits Paris real estate
Moulay Hafid Elalamy is exiting Paris real estate to focus on Saham Group’s banking expansion, including acquiring Société Générale’s Moroccan operations.
Egyptian billionaire eyes $17 billion from mixed-use development in Iraq
TMG, controlled by Hisham Talaat Moustafa, eyes $17 billion from Iraq project as it pushes regional growth, betting on smart cities and recurring income beyond Egypt and Saudi Arabia.
Sue Nabi, Algerian-born French beauty mogul, loses $21 million from Coty
This is linked to the recent decline in Coty’s share price on the New York Stock Exchange.
Egyptian billionaire unveils coastal city in UAE
Naguib Sawiris' Ora Developers launches Bayn, a coastal city in Ghantoot, blending vibrant urban living with serene Arabian Gulf waterfront.
Lamia Tazi gains $14 million from Sothema stake in 18 days
This upswing has further cemented her position among Morocco’s wealthiest individuals.
Moroccan billionaire Anas Sefrioui denies link to Sheffield Wednesday takeover
While he hasn’t ruled out an interest in owning a football club in the future, he made it clear that no talks or plans have been initiated regarding Sheffield Wednesday.
Nassef Sawiris blames UK exit on Conservative government’s failing
Egypt’s richest man Nassef Sawiris left the UK for Italy, blaming “years of incompetence” by the Conservative government on tax policy.
Mohamed El-Kettani: Top executive behind Morocco’s $78 billion lender
Mohamed El-Kettani has transformed Attijariwafa Bank into Morocco’s top private lender and a $15-billion African banking powerhouse spanning 27 countries.
Anas Sefrioui, Moroccan billionaire, eyes English football club
If the deal goes through, Sefrioui would join Nassef Sawiris as one of few African billionaires with stakes in English football.
Hend El-Sherbini leads IDH to $111 million revenue in 2024
Revenue for the period grew from $80.64 million in 2023 to $111.9 million in 2024, a 39 percent increase.
Runa Alam’s DPI takes over $105 million Egypt-based fintech fund
This acquisition is a strategic move that strengthens DPI's presence across the African continent.
Hend El-Sherbini loses $19.5 million from IDH shares
Hend El-Sherbini is one of Egypt’s leading executives and a key figure in the MENA region’s healthcare sector.
Khamis family's stake in Oriental Weavers falls by $17 million
According to data tracked by Billionaires.Africa, the family’s stake has declined by EGP873.06 million ($17.09 million) since Feb. 4.
Moroccan billionaire Anas Sefrioui loses $160 million in 19 days
The dip highlights the challenges investors face amid global economic uncertainty and market conditions.
Abdallah Sallam’s Madinet Masr executes 42.7 million share buyback
The Cairo-based developer said it has repurchased 42.7 million shares, about 2 percent of its total share capital, through open-market transactions.