Ezz Steel
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Ezz Steel is the largest steel company in Egypt, the Middle East and North Africa Region,[1]. It was founded in 1994 by Ahmed Ezz,[2] an entrepreneur and former National Democratic Party MP, who was tried for profiteering and squandering public funds after the 2011 revolution, in a case that was settled for $96 million in 2018.[3] In 1999, Ezz Steel was listed on the Egyptian Exchange under the ticker symbol ESRS,[4] and has depositary receipts listed on the London Stock Exchange under the ticker symbol AEZD.[5] As of March 2023, Ahmed Ezz owned 60.71% of Ezz Steel through his Ezz Holding Company, while the Bank of New York Mellon held 5.82% of the company.[6] Currently, Ezz Steel is listed as number 6 in Forbes' Top 50 Listed Companies in Egypt 2023.[7]
Company type | Société Anonyme Égyptienne |
---|---|
EGX: ESRS | |
Industry | Steel |
Founder | Ahmed Ezz |
Headquarters | Cairo, Egypt |
Website | ezzsteel |