Egypt’s Khamis family gains $11 million from Oriental Weavers’s stake
Egyptian businesswoman and executive Yasmine Mohamed Khamis and her siblings own a 56.58-percent controlling interest in the leading carpet manufacturer.
North Africa
Moroccan pharma tycoon Lamia Tazi suffers $9-million loss from Sothema stake
Tazi owns a substantial 8.4-percent stake in the leading healthcare company, or 605,030 issued shares.
Oriental Weavers, controlled by wealthy Khamis family of Egypt, records $137.7 million in H1 revenue
Egyptian businesswoman Yasmine Mohamed Khamis and her siblings own a controlling interest of 56.58 percent of the leading carpet manufacturer.
Tunisian tycoon Moncef Mzabi gains $6.6 million from stake in automobile retailer
Mzabi, now the chairman of the Tunisian automobile retailer, owns 24.5 percent of the company, or 9,370,387 ordinary shares.
Egyptian tycoon Ahmed Ezz gains $69 million within three weeks
Ezz owns 60.7 percent of Ezz Steel, making him one of the richest investors on the Egyptian Exchange and one of Egypt’s wealthiest men.
Tunisian tycoon Mehdi Tamarziste suffers $3-million loss in 114 days
Despite the recent slump in the market value of his stake, Tamarziste remains one of the country’s richest businessmen.
Adidas proves it can survive without Kanye West as market cap soars above $35 billion
Adidas’ adept maneuvering following its separation from West has ensured its resilience, with significant gains in share value and market capitalization.
Egyptian billionaire Yasseen Mansour loses $1.5 million from stake in real estate firm
Mansour owns a substantial 6.87-percent stake in Palm Hills Development, or 202,291,698 ordinary shares.
Egyptian fintech founder Ashraf Sabry gains $1.3 million from Fawry stake
Sabry, who launched the payment platform in 2008 and pioneered electronic bill payments in Egypt, controls 2.345 percent of Fawry.
Safwan Thabet joins high-value EGX investors with stakes surpassing $200 million
Thabet, a leading Egyptian businessman who founded Juhayna over three decades ago, owns a majority 50.07-percent stake in the company.
Tunisian tycoon Habib Essayeh’s Euro-Cycles shares slump by $10 million
Essayeh owns a 33.6-percent stake in Euro-Cycles, a Tunisian automotive company specializing in the production of customized bicycles and cycles exclusively for export.
Egyptian billionaire Naguib Sawiris’ net worth soars past $6 billion
This year-to-date surge marks a positive turn for Sawiris, considering his had fallen below $5 billion in the latter part of last year.
Moroccan tycoon Anas Sefrioui’s stake in Casablanca-based firm surges by $100 million
Sefrioui, one of Morocco’s wealthiest businessmen, owns a 64.1-percent stake in the Moroccan property developer.
5 companies linked to Egyptian businesswoman Hend El-Sherbini
Billionaires.Africa has identified and cataloged various companies and holdings linked to El-Sherbini.
Adidas rakes in $440 million in sales from Kanye West’s Yeezy sneakers
This marks the first release of the Yeezy sneakers following the termination of Adidas’ collaboration with West in October 2022.
Hani Berzi gains $40 million, solidifying his place among Egypt’s richest investors
Berzi, who founded Edita Food Industries in 1996, owns a significant 41.95-percent stake in the consumer goods conglomerate.