Moroccan industrial tycoon Adil Douiri’s Mutandis posts $177.3 million in revenue in 2021
The market value of Douiri’s 6.88-percent stake in Mutandis is valued at $17.33 million.
North Africa
Moroccan businesswoman Lamia Tazi’s Sothema records over $217 million in revenue in 2021
Sothema produces over 60 million units of pharmaceuticals yearly.
Egyptian wealthy Khamis family to get $23.9 million in dividends from Oriental Weavers
At the current market price, the wealthy family’s shareholding is worth EGP2.7 billion ($194.2 million).
Egyptian tycoon Mohamed Morshedy’s real estate firm secures $44.4 million in financing from Al Baraka Bank-Egypt
Al Morshedy Mall is a division of Memaar Al Morshedy, an Egyptian real estate developer created in 1983 by Mohamed Morshedy.
Egyptian billionaire Naguib Sawiris warns gov’t to stockpile wheat in view of Russia-Ukraine crisis
Wheat prices have risen by more than 5.7 percent since the news of the crisis surfaced this morning.
Moroccan real estate tycoon Alami Lazraq’s Alliances Group posts $147.8 million in revenue in 2021
Lazraq said the group met its goals for 2021 despite the pandemic.
Led by Egyptian Khamis family, Oriental Weavers reports all-time record revenue of $725 million in 2021
Farida Khamis and other members of the Khamis family jointly control a 56.58-percent stake in the leading carpet maker.
Tunisian Ben Yedder family loses more than $3.7 million in 23 days from stake Ennakl Automobiles
Ennakl is a Tunisian automotive retailer engaged in the retail sale of Volkswagen, Audi, Seat and Porsche vehicles.
Egyptian billionaires Nassef Sawiris, Hassan Allam to set up four supply commodities warehouses
The project will be developed at a cost of $203.7 million.
Egyptian tycoon Ahmed Ezz loses $42.9 million from stake in Ezz Steel
The multimillion-dollar decline in his stake may be attributed to a sell-off of the company’s shares.
Moroccan tech tycoon Karim Benjelloun gains over $1 million from stake in Disway
At the end of 2021, Disway, Morocco’s first technology distributor, recorded a revenue of about $190 million.
Tunisian tycoon Mehdi Tamarziste’s stake in UBCI surge above $20 million
Tamarziste owns a significant 12.9-percent take in the leading lender, totaling 2,588,159 shares.
Egyptian billionaire Yasseen Mansour’s Palm Hills approves $206.5-million Sukuk bond to fund new project
Mansour controls a beneficial 4.68-percent share in Palm Hills Development.
Nassef Sawiris’ Orascom Construction in talks on $1.5-billion plant as Egypt faces water scarcity
The move comes in the wake of a water crisis that has left Egypt and its neighbors struggling.
Egyptian mogul Ashraf Sabry’s Fawry Microfinance surpasses $64 million in total disbursals
Fawry Microfinance is an operating subsidiary of Fawry for Banking Technology and Electronic Payments.
Egypt’s billionaire El-Sewedy family loses $109 million from stake in electric company
The El-Sewedy family owns 68 percent of the electric company, or 1,478,689,860 shares.