Moroccan billionaire Othman Benjelloun gains $200 million in four weeks
The Moroccan billionaire derives the majority of his wealth from his investment in BMCE Group.
North Africa
Egyptian businessman Hani Berzi’s Edita posts $25.7 million in profit in 9M 2023
Berzi owns a 41.95-percent stake in the leading packaged food maker through Quantum Invest BV.
Mohamed Mansour’s Infinity Power to commence work on green hydrogen project
Mansour stated that the company is honored to be working on its first-ever green hydrogen project.
Egyptian businessman Medhat Khalil’s Raya reports double-digit percent decline in profits
Khalil owns a 58.1 percent stake in Raya Holding.
Led by Egyptian Ghabbour family, GB Auto posts $51.8 million in profit in 9M 2022
The Ghabbour family’s 62.9-percent stake in GB Auto is worth nearly $125 million.
Egyptian mogul Khaled Mahmoud’s MM Group posts lower earnings in 9M 2023
Mahmoud owns 10.13 percent of the group, worth nearly $15.8 million.
Led by Egyptian Khamis family, Oriental Weavers’ profit slumps below $24 million
The Khamis family’s share in Oriental Weavers is worth $117 million.
Egyptian real estate mogul Hisham Talaat Moustafa’s TMG posts $80 million in profit
Moustafa’s stake in TMG Holdings is worth $311 million.
Egyptian billionaire Mohamed Mansour to boost interest in green projects after Twitter exit
Mansour wants 10 percent of his investments to be green-focused.
Egyptian billionaire Yasseen Mansour’s Palm Hills posts $37.4 million in profit in 9M 2022
Mansour owns a sizable 5.22-percent stake in the Cairo-based property developer.
Egyptian businessman Samih Sawiris on verge of losing ‘billionaire’ status
The Egyptian billionaire has seen a steady decline in his wealth since 2008.
Egyptian billionaire Nassef Sawiris-linked Orascom begins construction of 500-MW wind farm
The billionaire Sawiris family owns 51.8 percent of Orascom Construction.
Egyptian billionaire Nassef Sawiris-linked Fertiglobe posts $1.07 billion in profit in 9M 2022
Fertiglobe is a 58-42 percent joint venture between OCI N.V. and ADNOC.
Egyptian billionaire Naguib Sawiris’ Ora Developers inks $103.1-million contract with Orascom
Ora Developers is a real estate operator and joint stock company.
Egyptian mogul Hend El-Sherbini’s IDH to launch diagnostic venture in Saudi Arabia
IDH is a major consumer healthcare group in the Middle East and Africa.