
Ahmed Ezz’s stake in steel company nears $1 billion
This marks a rebound from the previous month, when his stake had fallen below $970 million, signaling a strong recovery in his financial position.
This marks a rebound from the previous month, when his stake had fallen below $970 million, signaling a strong recovery in his financial position.
This represents a sharp reversal from the recent highs recorded in February, when the market value of his stake had surged to nearly $1 billion.
With an output surpassing 5 million metric tonnes each year, Ezz Steel continues to outperform regional rivals like Saudi Arabia's Hadeed and Emirates Steel.
Ezz, who owns 360.7 million shares — representing a 66.4 percent stake in Ezz Steel — has seen the value of his shares rise from $815.18 million to $925.94 million.
This loss reduces his total holdings to below $700 million. He remains the second-richest investor on the Egyptian Exchange and one of Egypt's wealthiest individuals.
Ezz, one of Egypt’s richest businessmen, owns a significant 60.7-percent stake in Ezz Steel.
Ezz owns 60.7 percent of Ezz Steel.
Ezz owns 60.7 percent of the company.