There is a common belief that your fame increases the more your wealth increases, but in fact there are many names and personalities who do not recognize this concept but rather prefer to work in a calm manner and away from the spotlight and refuse to appear in the media, and there are many examples of them that invest millions in the Egyptian stock exchange and own huge percentages in many companies and not Only money market followers know about it, and in the next report we publish some of the shadow millionaires.
Ibrahim Ibrahim El-Saedy–
Ibrahim Ibrahim El-Saedy
Investor Ibrahim Ibrahim Al-Saidi acquires various shares in more than 15 companies listed on the Egyptian Stock Exchange, and is a member of the board of directors of a number of them.-
Ibrahim El-Saedy’s ownership is distributed in a number of different sectors. In the real estate sector, he owns stakes in Amer Group companies, Zahraa El Maadi for Investment and Development, United Housing and Development companies, by 14.876%, 7.993% and 15.57%, respectively, and in the health care sector he owns shares in the two Nile Pharmaceuticals companies. And the chemical industries, speed medical up to 14.876% and 4.607%, respectively.
It also owns stakes in various sectors, including a 9.34% stake in the Arab Cotton Ginning Company, 4.69% in the Mansoura Poultry Company, 9.7% in the International Investment and Development Company, 2.38% in the Pioneers of Tourism Company, 9.0846% in the Egyptian Financial and Industrial Company, and 25.099% in the Alexandria Company for Spinning and Weaving-Spinalex.
Abdul Latif Mahjoub–
Abdul Latif Mahjoub
The name of businessman Abdel Latif Mahjoub has appeared in the Egyptian Stock Exchange during the past few months, after he carried out several deals to acquire various shares in real estate and tourism companies listed, in order to compete with “El Saidi” in the disclosures of the transactions of major shareholders.-
Abdul Latif Mahjoub and his brothers in the tourism sector own 7.8805% shares in the Golden Coast Sokhna Tourism Investment Company, 1.4992% in Pioneers Tourism Company, and in the real estate sector it acquired 26.7805% in the Egyptian Real Estate Group, and he also owns a larger share of 18 in Dice Readymade Garments Company, and 4% in Gas Company Egypt.
And Abdel-Latif Mahjoub, Chairman of Target Real Estate Investment Company, has previously confirmed that his company seeks to diversify its investment portfolio in the Egyptian capital market, by purchasing controlling shares in a number of listed companies, after reaching attractive price levels and at the same time owning assets and expansion plans that contribute to increasing returns. Of them, pointing out that he will cooperate during the coming period with the boards of directors of the companies in which he acquired stakes to discuss the expansion of the implementation of development projects that achieve a return for shareholders, to become a strategic shareholder in companies, and will not leave them soon.
Abdel Latif Mahjoub chairs the Board of Directors of Target Real Estate Investment Company, which was established in 2013 to mainly participate in providing construction services and contracting in Egypt, and its activities include real estate investments, and Target works in the development and construction of various real estate fields, including administrative offices, shops and residential units.
Khaled Abdullah
Businessman Khaled Abdullah owns the Experience House Group, which includes companies operating in a variety of sectors between trade, industry, real estate and agricultural investment, and he is known in the business community for his company, House of Experience for Financial Leasing, which provides financing for major projects in Egypt, and acquires an advanced share in the financial leasing sector .-
About a year ago, Abdullah took advantage of the decline in stock prices dramatically as a result of the Corona pandemic and the desire of owners to exit, and bought shares for companies operating in the sectors of tourism, hotels and financial services, on top of which a share of more than 20% in Al-Mohandes Insurance Company, and 16.430% in Misr Company. For hotels, 10.16% in the Ismailia National Company for Food Industries, 6% in the Egyptian Real Estate Group Company, and 3.96% in Sharm Dreams for Tourism Investment.
Mahmoud Lashin
Businessman Mahmoud Lashin is known as one of the most prominent investors in the health care sector, and he founded a number of major companies operating in this sector, the last of which was Speed Medical, which succeeded in less than a year from moving from the Nile Stock Exchange to the main market after a strong rise in the stock in the wake of the Coronavirus pandemic.-
He bought “Lachin” with the share he sold from Speed Medical, he bought 85.6 million shares equivalent to 5% in Porto Holding Group, and he also bought 167 million shares representing 3.21% in Orascom Investment Holding Company, and his wife owns 104 million shares, representing 1.99%, in the same company. Other than his main stake in Speed Medical.
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