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.
North Africa
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.
Egyptian billionaire Yasseen Mansour’s Palm Hills hits historic $40-million profit mark
Mansour’s 5.22-percent stake in Palm Hills Developments is now worth $10 million.
Top 10 richest North African billionaires
North African billionaires’ net worth surges as global markets rebound in 2023.
Egyptian businessman Ahmed El-Sewedy set to pocket $18.9 million dividend from electric company
El-Sewedy and his siblings own 68 percent of El Sewedy Electric.
Egyptian businessman Ahmed El Sewedy’s electric company records over $185 million in profit in 2022
El Sewedy Electric specializes in the production of electrical equipment and cables.