Ezz owns 60.7 percent of the company.
Ezz Steel
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Ezz, who founded Ezz Steel in 1994, owns 60.7 percent of the company.
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According to World Steel, Ezz Steel ranks first in Africa and the Arab world, with a total output of 5.14 million tonnes.
- Hot News
Egyptian mogul Ahmed Ezz’s steel company records more than $65 million in profit in Q1 2022
Ezz owns a majority 60.7-percent stake in Ezz Steel.
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Ezz is one of the wealthiest men in Egypt.
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The multimillion-dollar decline in his stake may be attributed to a sell-off of the company’s shares.
- Hot News
Egyptian steel tycoon Ahmed Ezz gains $71 million in 21 days as Ezz Steel shares see double-digit surge
The steelmaker’s share price has surged due to investor cherry-picking activities on the Egyptian Stock Exchange.
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The leading steel manufacturer saw its profit grow from a loss of $176.43 million in H1 2020.
- Hot News
Ahmed Ezz sees stake in Ezz Steel surge by $69.2 million after acquiring additional 33.4-percent stake
The acquisition raised his ownership interest in the company to 65.7 percent from 32.29 percent.
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Ezz Steel is the largest steel company in Egypt, the Middle East and North Africa.