Egypt's Oriental Weavers posts $130 million Q1 revenue as profits begin recovering
Billionaires Africa | 21.05.2026 22:15
Oriental Weavers Carpet Company, the world's largest manufacturer of machine-woven rugs and carpets, posted consolidated revenue of EGP 6,896.91 million, approximately $130.33 million, in the first quarter ended March 31, 2026, a sequential improvement of 11.8 percent from the EGP 6,167.51 million, or $116.55 million, recorded in the preceding quarter, as the El Kamah family's Egyptian industrial group shows early signs of recovery after a year in which full-year profits declined significantly below their prior peak.
