17th Nov 2008 07:00
ezzsteel shareholders approve interim dividend of EGP2 per share
16 November 2008, Cairo, Egypt - Al Ezz Steel Rebars ("ezzsteel/ Company"), the largest producer of finished steel products in the Arab world, today announced that at its Ordinary General Meeting of Shareholders, held on 16 November 2008, its shareholders approved the Company's financial statements and the proposed dividend distribution of EGP2 per share for the fiscal period ending 30/06/2008.
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Ezz Steel |
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Kamel Galal |
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Claire Maloney |
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Neil Doyle |
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+ 971 508 432 465 |
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Jennifer Martin |
+ 44 20 7307 5335 |
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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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