Billionaire El-Sewedy family loses $36 million amid Egyptian pound depreciation
The El-Sewedy family owns a 68-percent stake in Elsewedy Electric.
Egyptian pound
Wealth of Egyptian billionaires under threat as devaluation of pound reaches record lows
The devaluation of the pound may have a significant impact on the economy and on the net worth of Egyptian billionaires.
Egyptian businessman Hisham Talaat Moustafa’s TMG sets new sales record with $1.34 billion in 2022
The Talaat Moustafa family’s stake in TMG Holdings is now worth $364.4 million.
Egyptian businessmen Ahmed Ezz’s multimillion-dollar investments hit by depreciation
Ezz owns 60.7 percent of Ezz Steel.