{"id":324183,"date":"2021-12-13T09:40:04","date_gmt":"2021-12-13T09:40:04","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=324183"},"modified":"2021-12-14T09:43:22","modified_gmt":"2021-12-14T09:43:22","slug":"ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/","title":{"rendered":"Ezz Steel to buy 18% of Egyptian Steel for EGP 2.5bn"},"content":{"rendered":"<p>Ezz Steel \u2013 Alexandria will buy 18% of the total equity in the Egyptian Steel Group from Ahmed Abou Hashima, the founding partner.<\/p>\n<p>The company said in a statement to the Egyptian Exchange on Sunday, that the total value of the purchase amounted to EGP 2.5bn, and it will be paid from the company\u2019s resources.<\/p>\n<p>Ezz Steel also approved the independent financial advisor\u2019s study on the fair value of the Egyptian Steel Group.<\/p>\n<p>The consolidated financial statements of Ezz Steel showed its switch to profitability during the first nine months of 2021, on an annual basis. The net profit for that period amounted to EGP 3.23bn, compared to losses of EGP 3.47bn in the same period in 2020, taking into account minority rights.<\/p>\n<p>The company\u2019s sales increased during that period to EGP 43.83bn during the first nine months of this year, compared to EGP 22.91bn in the same period of 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ezz Steel \u2013 Alexandria will buy 18% of the total equity in the Egyptian Steel Group from Ahmed Abou Hashima, the founding partner.<\/p>\n","protected":false},"author":4,"featured_media":321715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,21],"tags":[421,420],"class_list":["post-324183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-news","tag-egyptian-steel-group","tag-ezz-steel"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ezz Steel to buy 18% of Egyptian Steel for EGP 2.5bn - egy-africa<\/title>\n<meta name=\"description\" content=\"Ezz Steel \u2013 Alexandria will buy 18% of the total equity in the Egyptian Steel Group from Ahmed Abou Hashima, the founding partner.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ezz Steel to buy 18% of Egyptian Steel for EGP 2.5bn - egy-africa\" \/>\n<meta property=\"og:description\" content=\"Ezz Steel \u2013 Alexandria will buy 18% of the total equity in the Egyptian Steel Group from Ahmed Abou Hashima, the founding partner.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-13T09:40:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-14T09:43:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/steel.jpg?fit=750%2C430&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aya Abdulghany\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aya Abdulghany\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/\",\"name\":\"Ezz Steel to buy 18% of Egyptian Steel for EGP 2.5bn - egy-africa\",\"isPartOf\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/steel.jpg?fit=750%2C430&ssl=1\",\"datePublished\":\"2021-12-13T09:40:04+00:00\",\"dateModified\":\"2021-12-14T09:43:22+00:00\",\"author\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\"},\"description\":\"Ezz Steel \u2013 Alexandria will buy 18% of the total equity in the Egyptian Steel Group from Ahmed Abou Hashima, the founding partner.\",\"breadcrumb\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/steel.jpg?fit=750%2C430&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/steel.jpg?fit=750%2C430&ssl=1\",\"width\":750,\"height\":430},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/egy-africa.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ezz Steel to buy 18% of Egyptian Steel for EGP 2.5bn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/egy-africa.com\/en\/#website\",\"url\":\"https:\/\/egy-africa.com\/en\/\",\"name\":\"egy-africa\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/egy-africa.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\",\"name\":\"Aya Abdulghany\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"caption\":\"Aya Abdulghany\"},\"sameAs\":[\"http:\/\/egy-africa.com\",\"mohamed nour\"],\"url\":\"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ezz Steel to buy 18% of Egyptian Steel for EGP 2.5bn - egy-africa","description":"Ezz Steel \u2013 Alexandria will buy 18% of the total equity in the Egyptian Steel Group from Ahmed Abou Hashima, the founding partner.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/","og_locale":"en_US","og_type":"article","og_title":"Ezz Steel to buy 18% of Egyptian Steel for EGP 2.5bn - egy-africa","og_description":"Ezz Steel \u2013 Alexandria will buy 18% of the total equity in the Egyptian Steel Group from Ahmed Abou Hashima, the founding partner.","og_url":"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/","og_site_name":"egy-africa","article_published_time":"2021-12-13T09:40:04+00:00","article_modified_time":"2021-12-14T09:43:22+00:00","og_image":[{"width":750,"height":430,"url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/steel.jpg?fit=750%2C430&ssl=1","type":"image\/jpeg"}],"author":"Aya Abdulghany","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aya Abdulghany","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/","url":"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/","name":"Ezz Steel to buy 18% of Egyptian Steel for EGP 2.5bn - egy-africa","isPartOf":{"@id":"https:\/\/egy-africa.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/#primaryimage"},"image":{"@id":"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/steel.jpg?fit=750%2C430&ssl=1","datePublished":"2021-12-13T09:40:04+00:00","dateModified":"2021-12-14T09:43:22+00:00","author":{"@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131"},"description":"Ezz Steel \u2013 Alexandria will buy 18% of the total equity in the Egyptian Steel Group from Ahmed Abou Hashima, the founding partner.","breadcrumb":{"@id":"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/#primaryimage","url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/steel.jpg?fit=750%2C430&ssl=1","contentUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/steel.jpg?fit=750%2C430&ssl=1","width":750,"height":430},{"@type":"BreadcrumbList","@id":"https:\/\/egy-africa.com\/en\/2021\/12\/13\/ezz-steel-to-buy-18-of-egyptian-steel-for-egp-2-5bn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/egy-africa.com\/en\/"},{"@type":"ListItem","position":2,"name":"Ezz Steel to buy 18% of Egyptian Steel for EGP 2.5bn"}]},{"@type":"WebSite","@id":"https:\/\/egy-africa.com\/en\/#website","url":"https:\/\/egy-africa.com\/en\/","name":"egy-africa","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/egy-africa.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131","name":"Aya Abdulghany","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","caption":"Aya Abdulghany"},"sameAs":["http:\/\/egy-africa.com","mohamed nour"],"url":"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/steel.jpg?fit=750%2C430&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pcF3XZ-1mkL","_links":{"self":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/324183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/comments?post=324183"}],"version-history":[{"count":1,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/324183\/revisions"}],"predecessor-version":[{"id":324184,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/324183\/revisions\/324184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media\/321715"}],"wp:attachment":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media?parent=324183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/categories?post=324183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/tags?post=324183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}