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Ahmed Ezz built MENA's largest steel empire, survived arrest and a billion-dollar conviction, then returned to announce a $1.16 billion expansion.
Ahmed Ezz’s Ezz Steel invests $1.16 billion to expand production amid falling exports and rising local demand.
Egyptian billionaire Ahmed Ezz’s Ezz Steel stake rises $201 million in 2025, boosting his holding to $1.07 billion amid strong steel demand.
Ahmed Ezz adds $22.46 million to his fortune as Ezz Steel shares rise on the EGX, lifting his holdings above $1 billion and reaffirming his influence.
Steel billionaire Ahmed Ezz has reemerged after years away, seeking a seat in Egypt’s metallurgical chamber elections with speculation about higher ambitions.
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.
Ezz, who controls 66.4 percent of the Cairo-based steel giant—equivalent to 360,727,978 shares—has suffered a loss of $280.85 million in his stake since the start of the year.
Ezz Steel’s scale positions it as an industry leader, surpassing competitors like Saudi Arabia’s Hadeed and Emirates Steel.
This wealth rebound follows a recent rally in Ezz Steel’s stock price on the Egyptian Exchange (EGX), reversing earlier losses.
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.
In just two weeks, the Egyptian steel magnate has seen his stake in the steel giant appreciate by more than $100 million amid soaring investor confidence.
This marks a substantial recovery from the loss the company recorded during the same period in 2023.
