Egyptian billionaire Nassef Sawiris earns $8.8 million as Orascom shares rebound
The $8.8-million gain was due to Orascom Construction’s share performance on the Egyptian Stock Exchange.
North Africa
State-controlled HDB signs partnership deal with Elsewedy Electronics to build third technical academy
The academies offer a secondary-level technical education in electrical skills meeting international standards.
Son of late Sothema Founder Omar Tazi gains $25.1 million in four days as company shares rebound
Moroccan businessman Mohammed Tazi has seen the market value of his stake skyrocket this week.
Politician Moulay Hafid Elalamy signs amended deal with Stellantis Group on Morocco’s behalf
The newly amended agreement was signed on Sept. 3 in Casablanca, Morocco’s capital.
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.
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.