Led by Egyptian Khamis family, Oriental Weavers set to withdraw investments from China
Oriental Weavers operates under the leadership of Egyptian businesswoman Yasmine Mohamed Farid Khamis.
North Africa
These are the four African billionaires whose net worth has increased since start of 2022
Among them are Africa’s richest man Aliko Dangote and Egypt’s wealthiest man Nassef Sawiris.
Abu Dhabi-based Chimera acquires controlling stake in financial services provider linked to Egypt’s richest family
It is unclear how much of the 59.22 percent stake held by Orascom Financial Holding, a firm led by the billionaire Sawiris family, was acquired during the transaction.
Tycoon Anas Sefrioui loses $111 million from stake in Moroccan property developer
The market value of Sefrioui’s 64.1-percent stake has now dropped to $189.43.
Egyptian mogul Hendi El-Sherbini acquires additional $3.2 million in IDH shares
Her stake in the company has now risen from 25.5 to 26.1 percent.
Led by Egypt’s richest family, Orascom Construction adds $1.8 billion in new projects in Q2 2022
The billionaire Sawiris family owns 51.8 percent of Orascom Construction.
Moroccan tech tycoon Karim Benjelloun loses over $2.5 million in 54 days from stake in Disway
Disway is a major technology player in the Maghreb region.
Egyptian businessman Hassan Allam’s company joins subcontractors in El-Dabaa nuclear plant construction
Hassan Allam Holding is one of the largest privately held enterprises in Egypt, the Middle East, and North Africa.
Billionaire Royal Family of Morocco loses $592 million from stake in Attijariwafa Bank
However, the Alaouite Royal Family remains Morocco’s wealthiest family.
Moroccan tech tycoon Karim Benjelloun’s Disway reports $95 million in revenue in H1 2022
Benjelloun owns 7.36 percent of the company, or 138,822 ordinary shares.
Billionaire Mohamed Mansour’s Infinity plans to raise as much as $4 billion from capital market
The group is pushing to sustain its expansion and growth trajectory in the renewable energy industry.
Egyptian mogul Medhat Khalil-linked Aman Holding’s capital soars above $32 million
The fintech company’s capital has now risen to $32.4 million.
Led by Tunisia’s Ben Yedder family, Ennakl Automobiles’ revenue slumps below $22 million in H1 2022
The drop in revenue was due to supply and logistics issues.
Egyptian businessman Waleed Zaki’s Pioneers Properties completes $22.4-million bond issuance
Pioneers Properties is a subsidiary of Aspire Capital Holding, an Egyptian diversified group founded in 2007.
Moroccan tycoon Abdellatif El-Guerraoui’s Auto Hall signs deal with Stellantis to distribute new auto brands
Auto Hall distributes more than 16 brands in the automotive, mining, industrial, public works, agriculture, and oil sectors.
Egyptian businessman Medhat Khalil loses $42 million in 15 weeks from stake in Raya Holding
Raya Holding is an Egyptian investment conglomerate formed in 1999.