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.
North Africa
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.
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.
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.