The Egyptian government plans to sell its entire share (32.9%) in Al-Ezz Dekheila Steel Company (EZDK). The sources indicated that the Al-Ezz Steel Group owns about 64% of the Al-Ezz Dekheila Steel Company. Al-Ezz Dekheila will buy its shares in a process similar to buying treasury shares. The share of Al-Ezz Dekheila jumped 20% on the stock market on Tuesday, with a turnover of EGP 10.6m, on 10,800 shares. Al-Ezz Dekheila Steel Company turned to a loss of EGP 2.35bn during the first quarter of this year, compared to a net profit of EGP 1.19bn in the first quarter of 2022.

Source: Daily News Egypt July 12, 2023 19:39 UTC