Heirs of Egyptian billionaire Mohamed Al-Fayed at war over $2 billion fortune
The death of Al-Fayed has not only marked the end of an era but has also triggered a high-stakes battle among his heirs.
North Africa
Egyptian fintech founder Ashraf Sabry takes $1.5 million hit from Fawry stake
Sabry, a leading Egyptian entrepreneur who launched the payment platform in 2008, owns a 2.345 percent stake in Fawry.
Moroccan pharma tycoon Lamia Tazi’s year-to-date loss exceeds $17 million
Tazi, the CEO and chairperson of Sothema, owns a substantial 8.4-percent stake in the leading healthcare company.
Orascom, owned by Egypt’s richest family, to construct new $1.4-billion metro system
Founded in 1950 by the late Egyptian tycoon Onsi Sawiris, Orascom Construction is led by the Sawiris family.
Egypt’s newest billionaires: El-Sewedy family’s electric firm stake hits $1.1 billion
The El-Sewedy family’s fortune has seen an exceptional upturn this year, solidifying their position among Egypt’s billionaire elite.
Egyptian businessman Hani Berzi’s gains $16 million from Edita stake
Berzi owns a significant 41.95-percent stake in the leading packaged food manufacturer through Quantum Invest BV.
Egyptian tycoon Hassan Allam’s firm wins $64-million contract for luxury resort project
Led by visionary businessman Hassan Allam and his brother Amr Allam, the company has a construction backlog exceeding $3 billion.
Egyptian billionaire Ahmed Ezz gains $19 million
Ezz, a leading Egyptian industrialist, owns 60.7 percent of Ezz Steel, which translates to 329,816,198 shares in the steel behemoth.
Orascom, owned by Egypt’s richest family, to modernize Cairo-Beni Suef rail route
Orascom Construction, an engineering and construction contractor with a primary focus on infrastructure, is led by Egypt’s richest family — the Sawiris family.
7 assets the late Egyptian billionaire Mohamed Al-Fayed owned
Al-Fayed, the one-time owner of the Harrods department store, passed away on the 30th of August at the age of 94.
Egyptian billionaire Mohamed Al-Fayed dies at 94
Al-Fayed was a former owner of Harrods department store and father of Dodi Fayed, who perished alongside Princess Diana in a 1997 car crash.
Egyptian business mogul Hassan Allam’s company to invest in Uzbekistan
Hassan Allam Holding boasts an impeccable reputation in the engineering, procurement, construction, building materials, and utilities industries.
Tunisian tycoon Mehdi Tamarziste’s stake in UBCI surges by $1.6 million
This recent surge firmly establishes Tamarziste’s position as one of Tunisia’s richest businessmen.
Royal family of Morocco gains $670 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.
Orascom construction, led by Egypt’s richest family, sees Q2 profits triple
Orascom Construction is a leading global engineering and construction contractor.
Tunisian tycoon Habib Essayeh’s Euro-Cycles shares decline by $1.7 million
Essayeh owns a sizeable 33.6-percent stake in Euro-Cycles.