Moroccan pharmaceutical tycoon Lamia Tazi loses $9.4 million from her stake in Sothema
Tazi owns a sizable 3.93-percent stake in the company, totaling 282,644 shares.
North Africa
Egyptian real estate mogul Hisham Talaat Moustafa’s TMG reports $28.8 million in profit in Q1 2021
Hisham Talaat Moustafa owns a 43.16-percent stake in the conglomerate.
Construction firm owned by Egypt’s wealthy Sawiris family to build industrial park
Nassef Sawiris owns 28.97 percent of the multinational construction group, or 33,825,323 shares.
Egyptian tycoon Raouf Ghabbour’s GB Auto marks impressive profit in Q1 2022
The Ghabbour family owns a 62.9-percent stake in GB Auto.
Led by Egypt’s richest family, Orascom Construction sees profit drop 43.1 percent in Q1 2022
Nassef Sawiris owns 28.97 percent of the multinational construction group, or 33,825,323 shares.
Led by Egyptian exec Pakinam Kafafi, TAQA Arabia acquires Rosetta Energy’s natural gas subsidiary
With the acquisition, the Cairo-based energy company plans to expand its portfolio in Africa and the Middle East.
Led by Egyptian exec Karim Awad, EFG Hermes raises capital by $52.9 million
The capital raise will be funded by the group’s retained earnings and will be distributed over 194.61 million shares.
Led by Egyptian billionaire Sawiris family, Orascom Development reports $17.9 million in profit in Q1 2022
Orascom Development offers a portfolio of world-class destinations around the world.
Egyptian tycoon Ahmed El Sewedy’s electric company launches Africa’s first busway dielectric system facility
The facility is one of the largest in the Middle East, offering sandwiched non-ventilated busway systems.
Tunisian tycoon Moncef Mzabi gains $3.4 million from stake in Tunis-based automobile retailer
His company ARTES is a leading player in the automotive industry in Tunisia and North Africa.
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.
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.