Egyptian steel magnate Ahmed Ezz, founder of Ezz Steel, Egypt's leading steel producer, has seen his stake in the company rebound, with its market value increasing by over $18 million.
Ahmed Ezz's Ezz Steel stake up $18 millionAccording to data tracked by Billionaires.Africa , Ahmed Ezz's stake in Ezz Steel has increased by EGP880.8 million ($18.2 million) over the past two weeks, driven by a recent rally in the company's share price on the Egyptian Exchange (EGX).
The rebound follows a notable setback where Ezz's fortune dropped by $39.69 million between July 9 and 16 .
During this period, his stake decreased from EGP28.5 billion ($595.1 million) to EGP 26.6 billion ($555.4 million).
