Egyptian billionaire Ahmed Ezz’s steel firm plans $1.1 billion production expansion
Ahmed Ezz’s Ezz Steel invests $1.16 billion to expand production amid falling exports and rising local demand.
Ezz Steel
Egyptian billionaire Ahmed Ezz gains $201 million from Ezz Steel stake
Egyptian billionaire Ahmed Ezz’s Ezz Steel stake rises $201 million in 2025, boosting his holding to $1.07 billion amid strong steel demand.
Egyptian billionaire Ahmed Ezz gains $22 million as Ezz Steel shares surge
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.
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.
Egyptian steel magnate Ahmed Ezz loses $32 million from Ezz Steel stake
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.
Ahmed Ezz’s Ezz Steel stake loses $280 million from currency devaluation
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.
Ahmed Ezz’s stake in Ezz Steel nears $840 million
Ezz Steel’s scale positions it as an industry leader, surpassing competitors like Saudi Arabia’s Hadeed and Emirates Steel.
Ezz Steel shares rebound, boosting Ahmed Ezz’s stake to $755 million
This wealth rebound follows a recent rally in Ezz Steel’s stock price on the Egyptian Exchange (EGX), reversing earlier losses.
Ahmed Ezz's stake in Cairo-based steel giant declines by $116.5 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.
Egyptian billionaire Ahmed Ezz’s steel group posts $460-million profit in H1 2024
This marks a substantial recovery from the loss the company recorded during the same period in 2023.
Egyptian businessman Ahmed Ezz gains over $110 million from Ezz Steel stake
According to data tracked by Billionaires.Africa, Ezz’s stake in Ezz Steel has climbed EGP5.28 billion ($113.13 million) over the past nine days.
Ezz Steel shares plunge, costing Egyptian tycoon Ahmed Ezz $35.9 million
Egyptian billionaire and prominent industrialist Ahmed Ezz owns 60.7 percent of Ezz Steel, or 329,816,198 shares.
Ezz Steel shares dip, costing Egyptian tycoon Ahmed Ezz $28 million
Despite the drop in his stake’s value, Ezz remains a prominent figure in Egyptian business and a leading investor on the Egyptian Exchange.