16th Apr 2007 15:44
Al EZZ Steel Rebars S.A.E.16 April 2007 Result of EGM Al EZZ Steel Rebars S.A.E. Please note that the Extra-ordinary General Meeting (EGM) that was convened onApril 14th 2007 has taken the following resolutions: Approving the amendment of Articles (44, 56 and 55) of the Company's By-lawsregarding the financial statements and to allow for periodic dividenddistribution in compliance with the latest amendments of the Companies Law andstandard By-laws approved by the General Authority for Investment (GAFI). Date: 15/4/2007 Enquiries: Ezz SteelKamel Galal +(20) 2 762 2144Investor Relations Manager [email protected] --------------------------------- END -------------------------------------- About Al-Ezz Steel Rebars Co. S.A.E. Al Ezz Steel Rebars (Ezz Steel) is the largest independent steel producer in theMiddle East and North Africa, with a total actual capacity of 5.3 million tonnesof finished steel per annum in 2006. It is the Egyptian market leader with over65% market share in terms of sales. In 2006, it produced 3.0 million tonnes oflong products (typically used in construction) and 1.8 million tonnes of flatproducts (typically used in consumer / industrial goods). Ezz Steel's customerbase is geographically diversified, with flat products mainly directed to exportmarkets, whereas long products are typically sold in the local and regionalmarkets. more than 70% of its plants are less than 10 years old using the latestin modern steel making technology. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Al Ezz Gds Regs