Al Ezz Dekheila Steel Company - Alexandria S.A.E. agreed to acquire 18% stake in Egyptian Steel Group from Ahmed Abu Hashima for EGP 2.5 billion.

Al Ezz Dekheila Steel Company Alexandria SAE (EZDK) is an Egypt-based engaged in the manufacture and production of steel in different types and forms. The Company’s direct subsidiaries include Al Ezz Steel Sheet Manufacturing Company SAE, which focuses on the production of coil and rolled flat steel strips, and Steel Company for Industry, Trade and Contracting Company (Contrasteel) SAE, which is focused on the manufacture and trade in all types of metal and metal products. The Company also holds shares indirectly in Egypt Company for the Manufacture of Pipes Supplies and Casting SAE, which is engaged in manufacturing pipe supplies and construction supplies, as well as mechanical equipments. The Company is 55%-owned by Al Ezz Steel Rebars.