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Oriental Weavers completed independent carbon verification, reporting 102,000 tons of CO2e in Scope 1 and 2 emissions while pushing a bold solar expansion.
Oriental Weavers shares fall 18% in 2025, cutting $15 million from the Khamis family’s $170 million stake.
Oriental Weavers’ half-year revenue rose 17% on strong exports and higher prices, though profit slid 24% on rising costs and soft domestic demand.
Khamis family stake in Oriental Weavers jumps $16.75 million as shares rally on AI showroom and digital expansion plans.
Oriental Weavers opens Cairo’s first AI-powered carpet showroom, blending tech with tradition under CEO Yasmine Khamis’ leadership.
Oriental Weavers posted $128 million in Q1 revenue, up 27%, but net profit dipped 1.2% to $11 million as currency woes and input costs pressured margins.
This follows a notable decline in the company’s share price on the Egyptian Exchange (EGX), bringing pressure on one of Egypt’s richest families.
According to data tracked by Billionaires.Africa, the family’s stake has declined by EGP873.06 million ($17.09 million) since Feb. 4.
The strong performance was driven by a sharp rise in international sales, even as global trade faced economic and geopolitical pressures.
The decision to reward shareholders follows a year of strong earnings growth and sustained market expansion.
This turnaround comes after a strong rally in the company’s shares in recent weeks.
The facility, which operates with four consecutive treatment stages, is capable of processing up to 1,250 cubic meters of wastewater per day.
The market value of their stake in Oriental Weavers has dropped by more than $17 million, due to the sharp devaluation of the Egyptian pound.
Oriental Weavers reports robust revenue growth in Q3 2024, driven by international market expansion and strategic domestic initiatives.
The Khamis family, one of Egypt’s wealthiest, holds a majority stake in Oriental Weavers, a leading carpet manufacturer with a global presence.
