Ahmed Ezz’s Ezz Steel stake loses $280 million from currency devaluation
Ezz, who controls 66.4 percent of the Cairo-based steel giant—equivalent to 360,727,978 shares—has suffered a loss of $280.85 million in his stake since the start of the year.
Ahmed Ezz
Ahmed Ezz’s stake in Ezz Steel nears $840 million
Ezz Steel’s scale positions it as an industry leader, surpassing competitors like Saudi Arabia’s Hadeed and Emirates Steel.
Ezz Steel shares rebound, boosting Ahmed Ezz’s stake to $755 million
This wealth rebound follows a recent rally in Ezz Steel’s stock price on the Egyptian Exchange (EGX), reversing earlier losses.
Ahmed Ezz's stake in Cairo-based steel giant declines by $116.5 million
This loss reduces his total holdings to below $700 million. He remains the second-richest investor on the Egyptian Exchange and one of Egypt's wealthiest individuals.
Egyptian steel magnate Ahmed Ezz’s stake in Ezz Steel rises by over $100 million
In just two weeks, the Egyptian steel magnate has seen his stake in the steel giant appreciate by more than $100 million amid soaring investor confidence.
Egyptian billionaire Ahmed Ezz’s steel group posts $460-million profit in H1 2024
This marks a substantial recovery from the loss the company recorded during the same period in 2023.
Egyptian businessman Ahmed Ezz gains nearly $45 million from Ezz Steel stake
This surge follows a previous increase of EGP5.28 billion ($113.13 million) between May 12 and 21.
Egyptian businessman Ahmed Ezz gains over $110 million from Ezz Steel stake
According to data tracked by Billionaires.Africa, Ezz’s stake in Ezz Steel has climbed EGP5.28 billion ($113.13 million) over the past nine days.
Ezz Steel shares plunge, costing Egyptian tycoon Ahmed Ezz $35.9 million
Egyptian billionaire and prominent industrialist Ahmed Ezz owns 60.7 percent of Ezz Steel, or 329,816,198 shares.
Ezz Steel shares dip, costing Egyptian tycoon Ahmed Ezz $28 million
Despite the drop in his stake’s value, Ezz remains a prominent figure in Egyptian business and a leading investor on the Egyptian Exchange.
Egyptian metals magnate Ahmed Ezz’s steel company cuts rebar prices again
Egyptian billionaire and prominent industrialist Ahmed Ezz owns 60.7 percent of Ezz Steel (or 329,816,198 shares).