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.
North Africa
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.
10 companies owned by Algeria’s richest man Issad Rebrab
Billionaires.Africa has documented companies and holdings owned by Rebrab — revealing the expansive breadth and scale of his business empire.
Egyptian tycoon Hend El-Sherbini suffers $24-million loss from IDH investment
El-Sherbini owns a significant 26.71-percent stake in IDH — this translates to 160,250,305 ordinary shares in the company.
Moroccan tycoon Adil Douiri faces $1.2-million loss in Mutandis shares in 37 days
Douiri, a leading politician and businessman who founded Mutandis in 2008, owns a 6.9-percent stake in the Casablanca-based consumer goods firm.
North Africa’s richest man Nassef Sawiris gains $350 million in 12 days
This solidifies his standing as one of Africa’s wealthiest individuals. His year-to-date gains now total $576 million.
Egyptian billionaire Ghabbour family rakes in $30.5 million from GB Corp stake
The Ghabbour family presently holds a significant 62.9-percent stake in the automaker, equivalent to 682,779,500 ordinary shares.
9 companies owned by Moroccan businesswoman Salwa Idrissi Akhannouch
Each company not only reflects her strategic brilliance but also embodies her commitment to diversity, excellence, and positive global change.
Moroccan tycoon Lamia Tazi loses $2.8 million from Sothema stake
Lamia Tazi, the CEO and chairperson of Sothema and one of the most affluent investors on the Casablanca Stock Exchange, holds an 8.4-percent stake in the healthcare company
Egyptian mogul Hassan Allam’s Thales forges alliance for digital advancement in the Middle East
Hassan Allam Holding boasts an impeccable reputation in the engineering, procurement, construction, building materials, and utilities industries.
Moroccan PM Aziz Akhannouch suffers $30-million loss from Afriquia Gaz stake
Akhannouch indirectly owns shares in Afriquia Gaz SA and Maghreb Oxygene through the multibillion-dollar conglomerate Akwa Group.
Egyptian billionaire Ahmed Ezz rakes in $57.5 million in November
Egyptian billionaire Ahmed Ezz’s stake in Ezz Steel surpasses $830-million mark.
Egypt’s Khamis family rakes in $21.3 million from Oriental Weavers’s stake
Khamis family’s wealth surge as joint shares in Oriental Weavers increase by $21.3 million in just 69 days, driven by a double-digit jump in stock price.
Tunisian tycoon Moncef Mzabi gains $3 million from ARTES stake
Mzabi owns 24.8 percent of Automobile Reseau Tunisien et Services (ARTES), which translates into 9,370,387 ordinary shares.
Egypt’s second-richest man Naguib Sawiris’ net worth surpasses $6 billion
With a net worth which amounts to $6.06 billion, Sawiris now ranks as the world’s 416th richest man.