 He was a relative of Baron Paul Julius von Reuter, the founder of the news agency Reuters Telegraphic Co.

Joseph Kfoury, who owned and operated already some coach lines in the Fayoum province, acquired a significant part of the shares of the Fayoum Light Railways Company in 1939, and was nominated to be its manager.Its headquarters were located in the al-Immobilia building at this time.Some of the stock exchange certificates were re-issued on 1 May 1944, which demonstrates that the company still existed during World War II, although no time tables for passenger transport had been issued since 1938.