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.