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.
Yasmine Mohammed Khamis
Wealthy Egyptian Khamis family loses $25.2 million from stake in Oriental Weavers
The family is set to earn $23.9 million in final dividends from their stake in the leading carpet manufacturer.
Led by Egyptian Khamis family, Oriental Weavers open four new sales locations in Egypt
Oriental Weavers’ market capitalization is now valued at $324.9 million.
Egyptian wealthy Khamis family to get $23.9 million in dividends from Oriental Weavers
At the current market price, the wealthy family’s shareholding is worth EGP2.7 billion ($194.2 million).