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Ezz Steel withdraws from Egyptian stock market

19 Feb 2025 15:23 reported by William Cruz Molina

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The Egyptian Stock Exchange announced that it has received a request for the voluntary delisting of Ezz Steel shares. This involves approximately 542.354 million shares with a nominal value of EGP 5 per share, following a resolution by the Extraordinary General Assembly. 

The voluntary delisting procedures are currently being finalized, including the purchase of shares from those opposing the delisting, mortgage creditors, and other stakeholders. 

The company confirmed that the delisting price was 28% higher than the average share price during the three months prior to the announcement of its intention to delist.

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