Egypt's wealthy Khamis family nearly doubles Oriental Weavers profit on export subsidy windfall
Oriental Weavers, controlled by Egypt's Khamis family, nearly doubled quarterly profit as US and European buyers offset weak demand at home.
Oriental Weavers
Egypt's Farida Khamis bet the family carpet fortune on a $680 million petrochemical plant
While her sister runs the world's largest carpet maker, Farida Khamis built Egypt's only integrated polypropylene producer and chairs a $680 million industrial bet.
Egypt's Oriental Weavers posts $130 million Q1 revenue as profits begin recovering
Oriental Weavers posted Q1 2026 revenue of EGP 6.9 billion ($130.3 million) and net profit of EGP 614 million ($11.6 million) as the world's largest machine-woven carpet maker finds its footing.
Oriental Weavers, controlled by Egypt's wealthy Khamis family, pays $18.3 million dividend for 2025 on flat profit
Egypt's Oriental Weavers Carpets will pay EGP 997.66 million ($18.3 million) in dividends for 2025, starting May 2026, as the world's largest carpet maker held profit nearly flat on record revenue.
Oriental Weavers gets independent carbon footprint certification, cuts emissions with solar push
Oriental Weavers completed independent carbon verification, reporting 102,000 tons of CO2e in Scope 1 and 2 emissions while pushing a bold solar expansion.
Egypt’s Khamis family loses $15 million as Oriental Weavers stock declines
Oriental Weavers shares fall 18% in 2025, cutting $15 million from the Khamis family’s $170 million stake.
Oriental Weavers, controlled by Egypt’s Khamis family, reports $260 million in first-half revenue
Oriental Weavers’ half-year revenue rose 17% on strong exports and higher prices, though profit slid 24% on rising costs and soft domestic demand.
Egypt’s Khamis family gains nearly $17 million from Oriental Weavers stake
Khamis family stake in Oriental Weavers jumps $16.75 million as shares rally on AI showroom and digital expansion plans.
Egyptian tycoon Yasmine Khamis turns to AI to power Africa’s next retail boom
Oriental Weavers opens Cairo’s first AI-powered carpet showroom, blending tech with tradition under CEO Yasmine Khamis’ leadership.
Khamis family's Oriental Weavers starts 2025 with $11 million profit
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.
Khamis family loses $10 million on Oriental Weavers stake in 22 days
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.
Khamis family's stake in Oriental Weavers falls by $17 million
According to data tracked by Billionaires.Africa, the family’s stake has declined by EGP873.06 million ($17.09 million) since Feb. 4.
Yasmine Mohamed Khamis leads Egyptian carpet maker to $480 million in 2024 revenue
The strong performance was driven by a sharp rise in international sales, even as global trade faced economic and geopolitical pressures.
Egyptian tycoon Yasmine Khamis’ Oriental Weavers to pay $21 million dividend
The decision to reward shareholders follows a year of strong earnings growth and sustained market expansion.
Egypt's wealthy Khamis family’s stake in Oriental Weavers rises $13.5 million
This turnaround comes after a strong rally in the company’s shares in recent weeks.
Oriental Weavers expands treatment plant as part of sustainability push
The facility, which operates with four consecutive treatment stages, is capable of processing up to 1,250 cubic meters of wastewater per day.