MarketEzz Steel
Company Profile

Ezz Steel

Ezz Steel is the largest steel company in Egypt, the Middle East and North Africa Region. It was founded in 1994 by Ahmed Ezz, 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. In 1999, Ezz Steel was listed on the Egyptian Exchange under the ticker symbol ESRS, and has depositary receipts listed on the London Stock Exchange under the ticker symbol AEZD. 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. Currently, Ezz Steel is listed as number 6 in Forbes' Top 50 Listed Companies in Egypt 2023.

Subsidiaries
In addition to its own production, Ezz Steel owns, or holds majority shares in a number of subsidiaries. Al-Ezz Dekheila Steel Co. – Alexandria Ezz Steel holds a majority stake in Al Ezz Dekheila Steel Co. – Alexandria (). It was originally established in 1986 as the Alexandria National Iron and Steel Company (ANSDK) in 1982 by Egyptian public-sector institutions, Japanese institutions and global financial institutions, led by industrialist and former Minister of Industry, Ibrahim Salem Mohammedin, who also served as its chairman from 1982 until 2000. In 1995 it was listed on the EGX under the ticker IRAX, while Ezz Steel started buying stakes in the company in 1999. In July 2023, the Egyptian government sold its entire 31% stake in Ezz Steel subsidiary, Al Ezz Dekheila Steel Company to Ezz Steel for USD 241 million. As Ezz Steel's interest increased above 90%, they announced that they would delist from the Egyptian Stock Exchange which requires a 10% free float. along with Qatari royal, Shiekh Mohamed Abou Suhaim Al Thani, who was reported to hold 70% of the company. It manufactures 1.68 million tons of reinforced steel rebars and wire rods per year, giving it a 16% market share of the 9.8 million tons produced in 2022. As a holding company it owns National Port Said Steel (NPSS), and IIC for Steel Plants Management which run four plants in Beni Suef, Ain Sokhna, Alexandria, and Port Said. Three years later, Al Ezz Al Dekheila Steel bought out Abu Hashima's remaining 18% stake, ending his involvement with the company, and establishing a partnership between Ezz and the military. == Steel production ==
Steel production
Ezz Steel operates four steel plants in Alexandria, Sadat City, Suez, and 10th of Ramadan City. Ezz Steel is ranked 87th of the world biggest steel producers as per the 2015 World Steel Association Ranking with total production capacity of 3.2 million tons per year (2015), representing more than half of Egypt total annual production of 6 million tons. Ahmed Ezz was the chairman and managing director of EZDK, As he submitted his resignation in 2011 after 25 January Revolution. Mr Farouk Zaki Ibrahim is the current Chairman of EZDK. Paul Chekaiban is the current chairman and managing director of Ezz Steel. ==See also==
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