Egyptian billionaire Ahmed Ezz’s steel company posts $26-million loss in H1 2023
Ezz, a prominent Egyptian industrialist, holds a 60.7-percent stake in Ezz Steel, equivalent to 329,816,198 shares in the steel behemoth.
North Africa
Moroccan tycoon Adil Douiri gains $2.9 million from Mutandis shares
The impressive growth of Douiri’s stake in Mutandis SCA underscores investors’ confidence in the Moroccan consumer goods company.
Firm linked to Egypt’s billionaire El-Sewedy family secures $50-million EBRD loan
The $50-million loan from EBRD will further enhance Elsewedy Electric’s ability to meet the growing demand for cables and electrical equipment in the region.
Moroccan real estate tycoon Alami Lazraq’s ADI stake slumps by $12 million
Despite the recent decline in his stake in ADI, Lazraq remains one of the Casablanca bourse’s richest investors and one of Morocco’s wealthiest businessmen.
Moroccan tycoon Anas Sefrioui’s stake in Casablanca-based firm slumps by $78 million
Sefrioui, one of Morocco’s wealthiest businessmen, owns a 64.1 percent stake in the Moroccan property developer.
Tunisian tycoon Abdelwaheb Ben Ayed loses $1.3 million from Poulina stake
Ben Ayed owns a 3.4-percent stake in Poulina Group, making him one of the richest investors on the Tunis Stock Exchange.
Egyptian businessman Hani Berzi’s Edita to pay out $9.7 million in dividends
Berzi owns a significant stake of 41.95 percent in Edita Food Industries through Quantum Invest BV.
Billionaire Royal Family of Morocco gains $242 million from Attijariwafa Bank
Through Al Mada, his royal family office, King Mohammed VI of Morocco lays claim to the largest fortune by any Moroccan on the Casablanca Stock Exchange.
Egypt’s second-richest man Naguib Sawiris targets $7-billion Reko Diq mine
With a net worth of $5.61 billion, Sawiris ranks as Egypt’s second-richest individual.
Moroccan tycoon Anas Sefrioui to produce limestone calcined clay cement in West Africa
Moroccan businessman Anas Sefrioui is the founder of Casablanca-based property developer Douja Promotion Groupe Addoha (ADH).
Tunisian tycoon Habib Essayeh suffers $2-million loss from Euro-Cycles stake
Essayeh, a leading businessman and executive who serves as the CEO of Euro-Cycles, owns a sizeable 33.6-percent stake in the Tunis-based firm.
Led by Morocco’s wealthy Tazi family, pharma company Sothema looks to East Africa for growth
Sothema is controlled by the multimillionaire Tazi and Berrada families, who hold a combined stake of more than 70 percent.
Egypt’s richest man Nassef Sawiris loses $130 million
In addition to his investments in OCI N.V., Sawiris holds a six-percent stake in the renowned sportswear giant, Adidas AG.
Morocco’s second-richest man Othman Benjelloun gains $117 million from BOA stake
Benjelloun owns a 27.41-percent stake in Bank of Africa. This stake translates to 57,214,615 shares in the financial services conglomerate.
TAQA Arabia, led by Egyptian exec Pakinam Kafafi, launches payment unit
Kafafi, a prominent figure in North Africa’s business landscape, has played a pivotal role in TAQA’s remarkable growth trajectory.
Egyptian billionaire Ahmed Ezz takes $36.5-million loss from Ezz Steel stake
Ezz, a leading Egyptian industrialist, owns a 60.7-percent stake in Ezz Steel, equating to 329,816,198 shares in the steel behemoth.