Al Ezz Dekheila Steel's BoD has approved the delisting

Al Ezz Dekheila Steel's board of directors has approved the delisting of the company's shares from the Egyptian exchange and the purchase of shares from objectors and dissatisfied shareholders following the delisting decision. The delisting is contingent on financing the purchase of these shares, primarily through obtaining long-term joint financing in foreign currency from several banks operating outside of the Arab Republic of Egypt.

The shares will be purchased at a price of EGP 1,250 per share, representing a 52.4% premium over the current market price.

The extraordinary general assembly of the company is scheduled to take place on Saturday, August 5th, 2023, to approve the delisting of shares and the repurchase of stocks from the share