Suez Steel
| Suez Steel Co SAE Suez | |
|---|---|
| legal form | Corporation |
| founding | 1997 |
| Seat | Adabia , Egypt |
| management | Gamal Al-Garhy (until 2006) |
| Number of employees | 3000 |
| Branch | steel |
Suez Steel is an Egyptian steel company based in Adabia on the Suez Canal . Until 2006, the company was 78-80 percent owned by Banque du Caire , a state-owned bank from Cairo .
In 2006 the responsible Egyptian ministry announced its intention to privatize the bank's shares in the steel company . The company had produced 600,000 tons of steel in 2005. There were plans to sell 30 to 35 percent of the company's shares to Arab investors.
Apparently the internationally active Lebanese Litat Group has held a majority stake in the company since 2006.
Individual evidence
- ↑ Arab investor offers to purchase 35 percent of Suez Steel (English)
- ↑ Litat Group - HISTORICAL MILESTONES ( Memento of the original from June 29, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (English)
- ↑ Litat Group - Steel Production ( Memento of the original from January 2, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (English)
