Tunisian businessman Mehdi Tamarziste’s stake in UBCI loses $3.7 million in 132 days
The multimillion-dollar loss in his stake was triggered by investor profit-taking actions.
North Africa
Tunisian director Khaled Fakhfakh earns $1.1 million as BIAT shares soar by 21 percent in 153 days
Shares in the bank have increased by double digits since the start of the year.
Naguib Sawiris-led Orascom Financial Holding trims stake in Beltone to 59.22 percent
OFH sold 9 million shares at $0.15 per share, totaling $1.34 million.
Egyptian tycoon Hend El-Sherbini loses $12.2 million in 52 days, as shares retreat from record two-week high
This loss follows a $39.8-million increase in the market value of her stake between March 3 and July 7.
The richest people on the Tunis Stock Exchange
The wealthiest investors on the bourse are mostly prominent business families in Tunisia.
The 20 richest Moroccan investors on the Casablanca Stock Exchange
The Casablanca Stock Exchange is one of Africa’s top exchanges.
The 20 richest people on the Egyptian Exchange
The Egyptian Exchange is the second-largest stock exchange in Africa.
Egyptian Ghabbour family gains $32.9 million in 57 days as GB Auto shares soar
The gain in the family’s equity stake came off a double-digit increase in the company’s shares.
Egypt awards Toshka irrigation project deal to Hassan Allam Construction
Hassan Allam Construction will help the government lay 265 kilometers of irrigation networks.
Yasseen Mansour’s Palm Hills Development declares revenue growth in H1 2021
PHD recorded a growth in primary and secondary home and commercial unit sales.
Karim Awad-led EFG Hermes posts $48.09-million mid-year profits thanks to robust performance
EFG Hermes Holding is an Egyptian financial services company.
Moroccan real estate tycoon Alami Lazraq gains $6.3 million as ADI shares rebound
Alliances Developpement Immobiliere is Morocco’s largest home and hotel builder.
Wealthy Tunisian Ben Yedder family earns $7.19 million as Ennakl Auto shares surge
Ennakl Automobiles is a Tunisia-based company majority-owned by the affluent Yedder family.
Mohammed Abdeljalil-led Marsa Maroc posts $193.61-million mid-year revenue
Compared with last year, the group’s consolidated revenue rose by 20 percent.
Adel Hamed-led Telecom Egypt posts 88-percent growth in net profit for H1
The growth translates to profits of $248.4 million in H1 2021.
Egyptian tycoon Ahmed Ezz’s steel giant reports $152.87 million in profit for H1 2021
The leading steel manufacturer saw its profit grow from a loss of $176.43 million in H1 2020.