Egypt’s second-richest man Naguib Sawiris’ net worth surges above $5.5 billion
With a $5.71-billion fortune, Sawiris ranks as the 431st richest person globally.
North Africa
Egyptian billionaire Ahmed El Sewedy’s electric company achieves $261 million in profit in 9 months
El Sewedy Electric’s robust financial standing and strategic initiatives underscore its dominance in the global electrical equipment industry.
Moroccan real estate tycoon Alami Lazraq loses $10 million from ADI stake
Lazraq, who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
North Africa’s richest man Nassef Sawiris gains $370 million in 12 days
Sawiris now commands a staggering fortune of $7.32 billion, propelling him to the 315th spot on the esteemed list of the world’s 500 wealthiest billionaires.
Egyptian tycoon Safwan Thabet’s Juhayna posts $28 million in profit in 9M 2023
Juhayna Food Industries is a prominent Egyptian dairy, juice, and cooking product manufacturer led by Safwan Thabet.
Egyptian businessman Medhat Khalil’s Raya Holding to secure $35.5-million loan
Raya Holding is in the final stages of securing a substantial loan valued at EGP1.1 billion ($35.5 million).
Egyptian tycoon Hani Berzi’s group reports nine-month profit exceeding $40 million
Edita Food Industries’ profit under Hani Berzi surged well beyond expectations, reaching over $40 million.
Orascom Construction, owned by wealthy Sawiris family, signs two major transportation projects in Egypt
The Group’s current and past projects include major projects such as high-speed rail, metro, monorail, railway, and light rail transit
South Africa’s Ackerman family loses $218 million from Pick ‘n Pay shares
For the Ackerman family, this financial loss equates to a year-to-date decline of R3.96 billion ($218.18 million) in the market value of their Pick ‘n Pay stake.
10 richest Moroccans on the Casablanca Stock Exchange
This list spotlights the top 10 individuals who hold the most valuable portfolios on the Casablanca bourse, providing a unique insight into Morocco’s financial elite.
Egyptian mogul Safwan Thabet gains $31 million in 32 days from stake in Juhayna
One of North Africa’s leading businessmen in the consumer goods industry, Safwan Thabet owns a majority 50.07 percent stake in Juhayna Food Industries.
7 companies owned by Egypt’s second-richest man Naguib Sawiris
With a current net worth of $5.45 billion, Sawiris stands as a prominent figure in the Arab world and ranks among the top 500 wealthiest individuals globally.
Egyptian billionaire Yasseen Mansour rakes in $4.4 million from real estate firm
Mansour owns a substantial 6.87-percent stake, which translates to 202,291,698 ordinary shares in the Cairo-based real estate firm.
Egypt’s second-richest man Naguib Sawiris’ net worth falls below $5.5 billion
Naguib Sawiris has seen his wealth figures slump by $350 million over the past 49 days, translating to an average loss of $7.14 million per day since Sept. 13.
Egyptian tycoon Ahmed Ezz makes $300 million in 22 days
Ezz, a leading Egyptian industrialist, owns a 60.7-percent stake in Ezz Steel, or 329,816,198 shares.
Egypt’s richest man Nassef Sawiris loses nearly $500 million in 9 days
As a result of this recent $470 million decline, Sawiris, who ranks as the richest man in Egypt and the Arab world, is presently the 322nd wealthiest individual globally.