Tag: Sawiris.

Beltone refuses sale rate offered from Hermes

Curtain draws on Beltone-Sawiris deal to purchase 20% stake in Hermes after…

Mohamed Ayyad Mohamed Ayyad

Sawiris-Beltone deal only succeeds in purchasing 9% of EFG Hermes, falling short of 20% target

54.4m shares purchased represent less than 9% of total Hermes shares

Mohamed Ayyad Mohamed Ayyad

OCI confident in its position in ongoing tax case: Nassef Sawriris exclusively to DNE

We continue to be committed to investing in Egypt, construction tycoon said.

Sara Aggour Sara Aggour

Finance ministry mulls formation of ETA-Orascom committee: Former Head ETA

Company was acquitted by the prosecutor general on the tax evasion case,…

Sara Aggour Sara Aggour

Nassef Sawiris imprisonment verdict suspended

Company says lawsuit was filed by the ETA prior to the prosecutor…

Sara Aggour Sara Aggour

Sawiris-Beltone 20% acquisition of Hermes will not be implemented ‘chaotically’: EFG Hermes Chairman

Head of EFSA says oversight body is currently studying documents submitted to…

Daily News Egypt Daily News Egypt

Egypt ranks second in the World’s Richest Arabs list: Forbes Middle East

According to Forbes Middle East’s counts, the total worth of the Egyptian…

Sara Aggour Sara Aggour

Sawiris says ready to invest $1bn-$2bn in Telecom Italia: Paper

Sawiris had unsuccessfully attempted to buy a stake in Telecom Italia in…

Daily News Egypt Daily News Egypt

Swiss-Listed Orascom warns on profit amid Egyptian instability

Specific factors hitting Orascom include lower capitalisation of financing costs, the devalued…

Daily News Egypt Daily News Egypt

US data centre firm in venture with Egyptian telecoms tycoon

Reuters - US-based data centre firm Switch SUPERNAP has set up a…

Daily News Egypt Daily News Egypt