![Ahmed Ezz](/content/images/size/w1304/format/webp/wp-content/uploads/2022/05/whatsapp-image-2022-05-06-at-5.51.04-pm.jpg)
Egyptian steel magnate Ahmed Ezz’s steel company leads as top MENA steel producer
According to World Steel, Ezz Steel ranks first in Africa and the Arab world, with a total output of 5.14 million tonnes.
According to World Steel, Ezz Steel ranks first in Africa and the Arab world, with a total output of 5.14 million tonnes.
Ezz owns a majority 60.7-percent stake in Ezz Steel.
Ezz is one of the wealthiest men in Egypt.
The multimillion-dollar decline in his stake may be attributed to a sell-off of the company’s shares.
Ezz Steel has an annual steel production of 7 million tonnes.
Ezz Steel is the largest independent steel producer in the Middle East and North Africa.
The steelmaker’s share price has surged due to investor cherry-picking activities on the Egyptian Stock Exchange.
The leading steel manufacturer saw its profit grow from a loss of $176.43 million in H1 2020.
The acquisition raised his ownership interest in the company to 65.7 percent from 32.29 percent.
Ezz Steel is the largest steel company in Egypt, the Middle East and North Africa.