Egyptian billionaire Nassef Sawiris gains $1.27 billion from stake in OCI N.V.
The billion-dollar bump in his net worth is due to the company’s year-to-date gains.
North Africa
Egyptian businessman Hatem Samir’s GlobalCorp acquired by SPE Capital
Samir controls a 10-percent stake in GlobalCorp.
Egyptian fintech founder Ashraf Sabry loses $1.4 million from Fawry stake in 38 days
Fawry is one of Africa’s few listed fintech companies.
Led by Polish entrepreneur Iliana Montauk, Manara raises $3 million to expand talent pool in North Africa
The edtech startup was founded last year by Montauk and Laila Abudahi.
Wealthy Egyptian Khamis family loses $25.2 million from stake in Oriental Weavers
The family is set to earn $23.9 million in final dividends from their stake in the leading carpet manufacturer.
Egypt’s richest man Nassef Sawiris now wealthier than Henry Samueli; net worth over $7.25 billion
The billionaire’s net worth has risen by $738 million since the start of the year.
Egyptian entrepreneur Islam Shawky’s Paymob raises $50 million in round led by PayPal Ventures
Paymob’s total funding since its inception seven years ago is more than $68.5 million.
Moroccan tycoon Adil Douiri’s Mutandis posts $42 million in revenue in Q1 2022
The market value of Douiri’s 6.88-percent interest in Mutandis is assessed at $15.36 million.
Moroccan billionaire Alami Lazraq gains $42.2 million from stake in Casablanca-based home builder
Lazraq is one of Morocco’s wealthiest businesspeople.
Egyptian mogul Ahmed Ezz gains $35.3 million in 19 days from stake in steelmaker
Ezz is one of the wealthiest men in Egypt.
Egyptian mogul Hani Berzi gains $23 million in 47 days from stake in Edita Food Industries
The gains are due to a double-digit percent increase in the company’s share price.
Tunisian tycoon Abdelwaheb Ben Ayed has lost over $2.8 million from stake in Poulina Group
Ben Ayed owns a beneficial 3.4-percent stake in the conglomerate.
Egyptian mogul Safwan Thabet to pocket $5.1 million in Juhayna dividends
The dividend will be paid from Juhayna’s retained earnings of $65.48 million.
Egyptian billionaire Nassef Sawiris loses $270 million in April
The loss is directly linked to the performance of the German sportswear behemoth Adidas.
Egyptian businessman Safwan Thabet’s Juhayna posts $28.5 million in profit in 2021
Thabet owns a majority stake in the company, worth $194.7 million.
London-based Egyptian billionaire Mohamed Al Fayed has gained over $300 million so far in 2022
The $300-million wealth gains cement his position as one of Egypt’s wealthiest businesspeople.