Egypt’s richest man Nassef Sawiris loses $103 million in 5 days
Despite the recent $103 million decline in his fortune, Sawiris’ present fortune of $7.51 billion makes him the 303rd richest individual globally.
North Africa
Moroccan tycoon Adil Douiri gains $2.4 million as Mutandis shares soar
With this recent bump in the market value of his stake, Adouiri cements his position as one of the richest investors in the Casablanca bourse.
Moroccan royal family, chinese firm in $2-billion joint venture
Al Mada, the holding company of Morocco’s royal family, is partnering with CNGR Advanced Material Co. to establish an industrial base in Morocco.
7 companies owned by Egypt’s richest man Nassef Sawiris
Sawiris derives his wealth from his holdings in Adidas, the renowned sportswear giant, and OCI N.V., a Netherlands-based fertilizer producer.
Egypt’s richest man Nassef Sawiris’ stake in Aston Villa slumps below $125 million
Despite the recent dip in his Aston Villa ownership, Sawiris has had a lucrative year, with wealth gains exceeding $640 million.
Moroccan billionaire Moulay Hafid Elalamy donates $1.9 million to earthquake relief
Elalamy made the donation through his Saham Foundation amid growing contributions from various private and public entities toward earthquake relief in Morocco.
Morocco’s king donates $98 million to earthquake victims
Morocco’s King Mohammed VI controls Al Mada, his royal family office which owns 49.59 percent of Attijariwafa, a Moroccan multinational bank.
Egyptian billionaire Ghabbour family suffers $26-million loss
Despite the recent downturn, the Ghabbour family remains one of the richest investors on the Egyptian stock exchange.
Tunisian tycoon Moncef Sellami gains $10 million as OneTech shares soar
OneTech’s remarkable growth over the years owes much to the vision of its founder, who established the firm in 1978.
Tunisian tycoon Moncef Mzabi hit by $4-million loss from Artes stake
Mzabi owns a 24.8-percent stake in ARTES, translating into 9,370,387 ordinary shares.
Moroccan tycoon Anas Sefrioui’s stake in Casablanca-based firm soars by $68 million
Sefrioui, one of Morocco’s wealthiest businessmen, owns a 64-percent stake in the Moroccan property developer.
Egypt’s Khamis family rakes in $1.2 million from Oriental Weavers’s stake
The market value of the stake held by the affluent Khamis family has increased by EGP 184.40 million ($1.26 million) in just 28 days
Egypt’s second-richest man Naguib Sawiris’ net worth falls below $6 billion
Sawiris primarily holds his wealth in cash and closely held assets, amassed from the sale of his stake in Russian telecom company Vimpelcom.
Egyptian tycoon Hisham Talaat Moustafa unveils $10.7-billion smart city project in Riyadh
Hisham Talaat Moustafa stressed TMG’s eagerness to share its expertise in creating integrated urban projects with Saudi Arabia.
Egyptian billionaire Hassan Allam’s firm unveils expansion into UAE
Under Hassan Allam and his brother, Amr Allam, Hassan Allam Holding boasts a construction backlog that surpasses $3 billion.
Egyptian tycoon Hend El-Sherbini hit by $25-million loss in IDH investment
El-Sherbini remains one of Egypt’s richest businesswomen and one of the top investors on the Egyptian Stock Exchange.