Led by Egypt’s richest family, Orascom Construction smashes expectations with $134 million in profit in 2022
Orascom Construction is majority-owned by the Sawiris family through their private investment vehicle OS Private Trust Company.
North Africa
Tunisian tycoon Abdelwaheb Ben Ayed loses $1.65 million from stake in Tunis-based conglomerate
Ben Ayed owns a 3.4-percent stake in Poulina Group.
Egyptian businessman Hisham Talaat Moustafa to pocket $5.5 million in dividends from real estate conglomerate
Moustafa is one of the richest investors on the Egyptian Exchange.
Egyptian entrepreneur Mostafa Kandil’s SWVL loses unicorn status as market cap declines by $1.36 billion
SWVL’s $1.36-billion crash has caused investors to suffer millions of dollars in losses.
Moroccan businessman Hassane Amor loses $2.6 million from stake in Casablanca-based IT firm
Amor owns a 56.17-percent stake in the Casablanca-based IT services provider.
Egypt’s richest man Nassef Sawiris loses $300 million in one week
Sawiris’ stakes in Adidas and OCI have fallen in value below $1.9 billion and $2.6 billion.
Moroccan real estate mogul Alami Lazraq loses $4.3 million from stake in ADI
Lazraq, a Moroccan real estate mogul who founded Alliances Group in 1994, owns 51.7 percent of ADI.
Egyptian billionaire Naguib Sawiris moves money to J.P. Morgan after Silicon Valley Bank’s collapse
Although Sawiris has no direct exposure to Silicon Valley Bank, his invested companies do.
Egyptian tycoon Hassan Allam’s firm set to develop world-class logistics parks in Egypt
Hassan Allam Holding is a privately owned engineering firm led by Egyptian businessman Hassan Allam.
Egyptian businesswoman Hend El-Sherbini suffers $23-million blow to her stake in IDH
El-Sherbini owns a significant 25.5-percent stake in Integrated Diagnostics Holdings.
Egyptian tycoon Medhat Khalil loses $10 million as Raya Holdings’ profits tumble below $14 million in 2022
Raya Holdings is an investment group.
Meet Mounir Nakhla, the Egyptian entrepreneur behind Egypt’s first billion-dollar private tech firm
Nakhla has a strong vision to enhance financial inclusion and women’s economic empowerment through micro-finance.
Egyptian businessman Waleed Zaki’s real estate company rakes in $278 million in revenue
The company’s success is due to the devaluation of the Egyptian pound.
Egyptian entrepreneur Ashraf Sabry’s Fawry smashes expectations with $10.6 million in profit in 2022
Sabry owns a 2.345-percent stake in Fawry.
Egypt’s richest man Nassef Sawiris sees near $300-million increase in net worth in 2023
Sawiris derives the majority of his wealth from his six-percent stake in Adidas and 38.8-percent stake in OCI N.V.