Tunisian tycoon Habib Essayeh’s Euro-Cycles shares slump by $2.65 million
Essayeh owns a 33.6-percent stake in the bike maker, making him not only the largest shareholder in the Tunis-based automotive enterprise.
North Africa
Egyptian billionaire Ghabbour family scores $21.6-million gain from GB Corp stake
The Ghabbour family commands a 62.9-percent stake in the automaker, solidifying their status as one of the most affluent investors on the Egyptian Exchange.
Moroccan tycoon Lamia Tazi gains $6 million from Sothema stake in 15 days
The recent increase in the market value of her stake in Sothema solidifies her position among the richest investors on the Casablanca bourse.
Egypt’s Khamis family gains nearly $13 million from stake in Oriental Weavers
The recent surge in the market value of their stake in Oriental Weavers reinforces their status among Egypt’s wealthiest families and top investors on the Egyptian Exchange.
Egypt’s second-richest man Naguib Sawiris kicks off 2024 with $201-million loss
The recent $200-million decline in his fortune can be attributed to market fluctuations.
Moroccan tycoon Anas Sefrioui gains $48 million from stake in Casablanca-based firm
Sefrioui owns a 64.1-percent stake in ADH, solidifying his position among the country’s wealthiest individuals.
North Africa’s richest man suffers $271-million loss in first 10 days of 2024
A significant part of this wealth reduction stems from his considerable 38.8-percent ownership in the Dutch fertilizer company OCI N.V. and a six-percent stake in Adidas.
Algerian-born French entrepreneur Sue Nabi makes $20.6 million in six days
The wealthy executive remains a top figure in the dynamic beauty sector and stands as one of the richest African-born executives globally.
Egyptian tycoon Medhat Khalil’s gains $37.8 million from Raya Holding
Khalil owns a majority stake of 58.1 percent in Raya Holding, holding a total of 1,245,661,205 shares.
Tunisian tycoon Moncef Sellami suffers $4-million loss from OneTech shares
OneTech’s remarkable growth over the years owes much to the visionary leadership of its founder, Sellami, who established the firm in 1978.
Egyptian tycoon Hani Berzi rakes in $13.7 million in eight days from Edita stake
Berzi — who founded the consumer goods conglomerate in 1996 and serves as chairman and managing director — owns a significant 41.95-percent stake in Edita.
Egyptian billionaire Yasseen Mansour made $200 million last year
The $200-million surge in Mansour’s fortune in 2023 is largely linked to his investment in the family-owned conglomerate Mansour Group.
Egyptian footballer Mohamed Salah’s career earnings to top $120 million in 2024
Beyond his impressive salary, Salah has solidified his financial standing through lucrative endorsement deals with industry giants, including Adidas.
Egyptian billionaire El-Sewedy family gains $775 million in 2023
In 2023, Elsewedy Electric shares on the Egyptian Exchange experienced a remarkable surge of 130.7 percent.
Egyptian billionaire Ahmed El-Sewedy’s firm on track to finish $2.9-billion Tanzanian dam
Egyptian billionaire Ahmed El-Sewedy disclosed that the dam is now 94-percent complete and undergoing rigorous testing.
Moroccan tycoon Lamia Tazi gains $3 million from Sothema stake in 32 days
Tazi, the chairperson of Sothema and one of the wealthiest investors on the Casablanca bourse owns an 8.4-percent stake in the leading healthcare group.