Egypt’s Khamis family loses $19.2 million in 17 days from Oriental Weavers’ stake
Oriental Weavers shares slump 8.29 percent, resulting in losses for shareholders, including the Khamis family.
North Africa
Egyptian tycoon Medhat Khalil’s Raya Holdings increases stake in Cairo-based logistics firm
Khalil firmly owns a commanding 58.1-percent majority stake in Raya Holding, boasting an impressive total of 1,245,661,205 shares.
Moroccan PM Aziz Akhannouch loses $14.8 million from Afriquia Gaz stake
Akhannouch — appointed prime minister of Morocco in September 2021 — derives part of his billion-dollar fortune from the Akwa Group.
Abu Dhabi emerges as global billionaire hub, attracting Egypt’s richest man and others
The billionaire influx includes Egypt’s richest man, a crypto industry leader, and a hedge fund tycoon.
Egyptian billionaire dives into Caribbean real estate, acquires 20 acres in Barbuda
Egypt’s second-richest man Naguib Sawiris seeks to solidify his presence further in the Caribbean.
Algerian-born French entrepreneur Sue Nabi earns $149 million from Coty in 2023
Nabi’s extraordinary leadership not only secured her a substantial $149.43-million compensation but also solidified Coty’s standing as a global powerhouse in fragrance.
Tunisian tycoon Habib Essayeh gains $2.6 million as Euro-Cycles shares soar
Essayeh, Euro-Cycles’ CEO, owns a significant 33.6-percent stake in the Tunis-based automotive company.
Moroccan business magnate Anas Sefrioui loses $41.2 million from ADH stake
Sefrioui, the visionary founder of the Casablanca-based real estate group who ranks as one of Morocco’s most affluent individuals, owns a 64.1-percent stake in ADH.
Egypt’s second-richest man Naguib Sawiris hit by $110-million loss in 9 days
His wealth figures have plummeted due to a sharp decline in the market value of his diverse investments,
Egyptian billionaire Ahmed Ezz loses $47 million in 16 days from Ezz Steel stake
Ezz owns a 60.7 percent of the company, or 329,816,198 shares, in the steel behemoth.
Firm led by Egyptian billionaire Yasseen Mansour to build $130-million luxury hotel in Cairo
Mansour, chairman of Palm Hills, highlights significance of welcoming Marriott International and Ritz-Carlton as key collaborators in the Palm Hills October project.
Royal family of Morocco loses $119 million from stake in Attijariwafa Bank
Members of Morocco’s Alaouite royal family own a 46.5-percent stake in the financial services group through Societe Nationale d’Investissement.
North Africa’s richest billionaire relocates family office to Abu Dhabi
Sawiris eyes Africa, the Middle East, and beyond with Abu Dhabi as the springboard.
Egypt’s richest man Nassef Sawiris loses $180 million in 3 days
As a result of the recent $180-million slump in his fortune, Sawiris is currently the 308th wealthiest individual globally.
Egypt’s billionaire El-Sewedy family loses $132 million in 36 days
Ahmed El-Sewedy and his siblings, Sadek and Mohammed, hold a controlling and beneficial stake of 68.1 percent in Elsewedy Electric.
Egyptian tycoon Medhat Khalil’s Raya Holdings stake surges by $19 million
Khalil owns a majority stake of 58.1 percent in Raya Holding — a total of 1,245,661,205 shares.