Ezz Steel () is the largest steel company in

Egypt Egypt ( , ), officially the Arab Republic of Egypt, is a country spanning the Northeast Africa, northeast corner of Africa and Western Asia, southwest corner of Asia via the Sinai Peninsula. It is bordered by the Mediterranean Sea to northe ...

, the

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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 The Egyptian Exchange (EGX), Egypt's stock exchange, comprises two exchanges, Cairo and Alexandria, both governed by the same board of directors and sharing the same trading, clearing and settlement systems. Presently, the chairman of the Egyptia ...

under the ticker symbol ESRS, and has

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s listed on the

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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 The Bank of New York Mellon Corporation, commonly known as BNY, is an American international financial services company headquartered in New York City. It was established in its current form in July 2007 by the merger of the Bank of New York an ...

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. As of March 2023, Ezz Steel held 64% of the company, while the Egyptian government held over 22% through a number of state owned enterprises led by the National Investment Bank and the National Bank of Egypt.

Egyptian Steel Group

Ezz Steel indirectly owns 18% of the Egyptian Steel Group (مجموعة حديد المصريين), through Al Ezz Al Dekheila Steel since 2021. Egyptian Steel is a holding company based in

, co-founded by industrial and media tycoon, and senator, Ahmed Abu Hashima in 2010 when he was 35 years old, along with

Qatar Qatar, officially the State of Qatar, is a country in West Asia. It occupies the Geography of Qatar, Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it shares Qatar–Saudi Arabia border, its sole land b ...

i 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 Beni Suef ( the capital city of the Beni Suef Governorate in Egypt. The city is the location of Beni Suef University. An important agricultural trade centre on the west bank of the Nile River, the city is located 110 km (70 miles) south of ...

, Ain Sokhna,

Alexandria Alexandria ( ; ) is the List of cities and towns in Egypt#Largest cities, second largest city in Egypt and the List of coastal settlements of the Mediterranean Sea, largest city on the Mediterranean coast. It lies at the western edge of the Nile ...

, and

Port Said Port Said ( , , ) is a port city that lies in the northeast Egypt extending about along the coast of the Mediterranean Sea, straddling the west bank of the northern mouth of the Suez Canal. The city is the capital city, capital of the Port S ...

. In 2018, the

Egyptian Armed Forces The Egyptian Armed Forces () are the military forces of the Egypt, Arab Republic of Egypt. The Chief of Staff of the Armed Forces directs (a) Egyptian Army forces, (b) the Egyptian Navy, (c) Egyptian Air Force and (d) Egyptian Air Defense Forces. ...

' National Services Project Organization (NSPO) bought an 82% stake in the company giving it effective control, and the ability to "ensure the stability of supply and prices, prevent monopolies in strategic sectors and goods, and support the work of the military institution in mega-projects." 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.

Others

Ezz Steel holds a 64% direct and indirect stake in Al-Ezz Flat Steel Company (EFS) in Suez and a 99% of Al-Ezz Rolling Mills Company (ERM) in 10th of Ramadan City.ABOUT US
" Ezz Steel. Retrieved on 7 May 2013.

Steel production

Ezz Steel operates four steel plants in Alexandria, Sadat City,

Suez Suez (, , , ) is a Port#Seaport, seaport city with a population of about 800,000 in north-eastern Egypt, located on the north coast of the Gulf of Suez on the Red Sea, near the southern terminus of the Suez Canal. It is the capital and largest c ...

, 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.

References

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External links

Ezz Industries Website

Arab Steel Website

Middle East Steel Website

World Steel Institute Website
Steel companies of Egypt Manufacturing companies based in Cairo Egyptian brands Companies in the EGX 30