1st Dec 2008 07:00
AL EZZ STEEL REBARS ANNOUNCES DIVIDEND PAYMENT
Cairo, 30 November 2008 - Al Ezz Steel Rebars S.A.E. ("ezzsteel") (CASE: ESRS; London Stock Exchange: AEZD), announces that as per the approval of the Ordinary General Meeting, held on 16 December 2008, the interim dividend of two Egyptian Pounds per share (one GDR = three shares) for the fiscal period ended 30 June 2008 will be paid to shareholders registered at the close of business on 15 December 2008 and the payment date will be on 18 December 2008.
- Ends -
For further information:
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Ezz Steel |
Tel |
Mobile |
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Kamel Galal |
+ 20 2 3762 2144 |
+ 20 10 539 5499 |
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Capital MS&L |
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Supriya Mathur |
+ 44 20 7307 5347 |
+ 44 7725 952 314 |
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Nick Bastin |
+ 44 20 7255 5117 |
+ 44 7931 500 066 |
About Al-Ezz Steel Rebars Co. S.A.E.
Al Ezz Steel Rebars (ezzsteel) is the largest independent steel producer in the Middle East and North Africa, with a total actual capacity of 5.3 million tonnes of finished steel per annum in 2007. It is the Egyptian market leader with over 65 per cent market share in terms of sales.
In 2007, the Company produced 3.1 million tonnes of long products (typically used in construction) and 1.7 million tonnes of flat products (typically used in consumer / industrial goods). ezzsteel's customer base is geographically diversified, with flat products mainly directed to export markets, whereas long products are sold in the domestic market. More than 70 per cent of its plants are less than 10 years old using the latest in modern steel making technology.
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Al Ezz Gds Regs