Saturday 18 November 2017

Egypt's Ezz Steel plans capital increase

Cairo, July 31, 2008

Egypt’s Ezz Steel, the largest maker of finished steel products in the Middle East and North Africa, said it was planning a capital increase through a rights issue.

The company said in a statement it was seeking the approval of the ’competent authorities’ and would announce the size, timing and use of proceeds before the start of subscription.

In 2007, Ezz Steel had a total capacity of 5.3 million tonnes of finished steel. The company has over 65 percent of the Egyptian market in terms of sales. - Reuters

Tags: Ezz Steel | Egyptian |

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