Algerian-born French entrepreneur Sue Nabi gains $27 million from Coty stake
This follows a decline of $83.6 million between February 27 and April 16, when her stake dropped from $401.8 million to $318.2 million.
North Africa
Egypt’s second-richest man loses $200 million in 3 weeks
Sawiris’ net worth currently stands at $6.53 billion, ranking him 422nd globally. This reflects a recent decline from a peak of $6.73 billion reached on April 9, 2024.
Egyptian billionaire Ghabbour family loses $32.1 million in 12 days
The Ghabbour family, Egyptian billionaires, have experienced a notable decrease in their wealth as the market value of their holding in GB…
Led by Tunisian Ben Yedder family, Ennakl posts $45.1 million in revenue in Q1 2024
Ennakl Automobiles, a Tunisia-based car dealership is majority-owned (53.3 percent) by the billionaire Ben Yedder family.
Egypt’s El-Sewedy family loses $136.5 million from Elsewedy Electric shares
Despite this financial setback of EGP136.55 billion ($136.53 million), the El-Sewedy family remains one of Egypt’s leading billionaire families.
Egyptian businessman Medhat Khalil loses $8.6 million from Raya Holdings stake
Despite this recent downturn, Khalil remains a notable investor in the Egyptian Exchange and continues to be recognized among the country’s wealthiest individuals.
Egyptian tycoon Hassan Allam’s group wins signaling contract for UAE-Oman railway link
The 303-kilometer Abu Dhabi-Sohar railway link will feature state-of-the-art, desert-proof ETCS Level 2 signaling, telecoms, and power supply systems.
Egypt’s richest man Nassef Sawiris’ net worth soars by $410 million in 9 days
The unexpected surge catapults Sawiris nine spots on the Bloomberg Billionaires Index, from 300th to 291st.
Egyptian tycoon Hani Berzi loses over $21 million from Edita stake in just 9 days
Berzi owns a significant 41.95-percent stake in Edita Food Industries through Quantum Invest BV.
Mansour family firm to launch new car model in Egypt with $20 million
The announcement comes hot on the heels of a pivotal meeting convened at the New Administrative Capital’s government headquarters.
Moroccan tycoon Anas Sefrioui faces $190-million loss in ADH stake within a week
This downturn comes on the heels of a period of significant growth for Sefrioui, who experienced a surge of $242.76 million between March 7 and April 8.
Egypt’s Khamis family gains $18.8 million from Oriental Weavers stake
This increase is fueled by heightened investor interest in the Cairo-based company on the Egyptian Exchange.
Egyptian tycoon Hisham Talaat Moustafa’s TMG share loses $109 million in value
Despite these setbacks, Moustafa remains a prominent investor on the EGX and a leading figure among North Africa’s wealthiest individuals.
Egyptian tycoon Ahmed El Sewedy’s electric firm announces $22-million dividend for shareholders
This decision underscores the company’s commitment to rewarding its stakeholders for their continued support.
Ezz Steel shares dip, costing Egyptian tycoon Ahmed Ezz $28 million
Despite the drop in his stake’s value, Ezz remains a prominent figure in Egyptian business and a leading investor on the Egyptian Exchange.
Egyptian tycoon Hassan Allam’s group secures additional contract for Amaala Triple Bay Marina hotel
The Saudi unit of Hassan Allam Holding is set to oversee the civil construction, secondary infrastructure, and inground services for the prestigious Marina Hotel project.