North Africa
Egyptian businessman Ahmed Ezz gains nearly $45 million from Ezz Steel stake
This surge follows a previous increase of EGP5.28 billion ($113.13 million) between May 12 and 21.
Moroccan businessman Anas Sefrioui’s stake in ADH tumbles below $800 million
This recent setback adds to Anas Sefrioui’s previous losses, with his stake in ADH declining by $30 million between May 21 and 27.
Egyptian tycoon Safwan Thabet’s Juhayna secures $9.5-million credit facility
This renews a previous working capital financing arrangement signed in November 2023.
Egyptian billionaire Hisham Talaat Moustafa’s TMG reports $1.3 billion in Q1 sales
The company’s financial health remains robust, maintaining a net cash position of EGP23.9 billion ($501 million).
Egyptian tycoon Hani Berzi takes $15.8-million hit in Edita stake
This setback follows earlier gains made between May 14 and 27, when the value of Berzi’s stake surged by $17.18 million.
Egyptian billionaire Samih Sawiris’ tourism company in Europe files for bankruptcy
FTI has set up a hotline and website to assist customers, announcing that all trips starting June 4 will either be canceled or partially fulfilled.
Egypt’s El-Sewedy family gains $88.91 million as consolidated profit in Q1 2024
Since its founding, the company has grown into a regional and international provider of energy, digital, and infrastructure solutions.
Naguib Sawiris-led Orascom Financial Holding swings to consolidated loss in Q1 2024
Orascom Financial Holding has reported a consolidated net loss of EGP 22.81 million ($479,062.20) for Q1 2024.
Egypt’s wealthy Khamis family gains $11 million from Oriental Weavers stake in 6 days
The Khamis family, one of Egypt’s wealthiest, holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
Egyptian tycoon Safwan Thabet’s profit moves to $10.12 million in Q1 2024
Juhayna Food Industries, a household name in Egyptian dairy, juice, and cooking products, has recently surpassed investor expectations with an extraordinary surge in profits.
Morocco’s royal family makes over $230 million from Attijariwafa Bank shares
This increase is attributed to a recent surge in the shares of the leading Moroccan bank on the Casablanca bourse.