Ahmed Ezz

Egyptian businessman and politician (born 1959)

Ahmed Ezz (Arabic: أحمد عز; born 12 January 1959) is an Egyptian businessman and one-time politician, the owner of Ezz Steel and the former chairman of Egypt's national assembly's budget committee. He was also the organizational secretary of the National Democratic Party of Egypt (NDP).2

From Wikipedia’s article on Ahmed Ezz (this version), CC BY-SA 4.0.

Born Jan 12, 1959.1

Companies

Career

Occupation: businessperson, politician.5

  • Date not recordedFounded Ezz Steel3
  • Date not recordedMember of the House of Representatives of Egypt4

Ahmed Ezz was born to Egyptian lieutenant Abdel Aziz Ezz, and Palestinian Afaf Halawa, in 1959; and into a paternal family that had “traded building materials for generations” in Egypt, according to The Washington Post.

At the age of 19, Ezz joined the family business, Ezz Foreign Trade Co. founded in 1959, importing steel. In 1989 they went into the ceramic tiles industry, founding Al Ezz for Ceramics and Porcelain - ECAP, known for the Gemma ceramics brand. In 1994, Ezz founded Ezz Steel SAE, diversifying into manufacturing of rebars. Al-Ezz for Ceramics was listed on the Egyptian Exchange in 1998, and Ezz Steel a year later, while acquiring a 21.5% controlling stake that same year in the state-owned Alexandria National Iron & Steel Company, which was later renamed Al-Ezz Dekheila Steel Company - Alexandria EZDK. Today, Ezz owns controlling stakes in these companies through his Al Ezz Group Holding for Industry and Investment.

From Wikipedia’s article on Ahmed Ezz (this version), CC BY-SA 4.0.

Personal life

  • BornJan 12, 1959, Cairo6
  • CitizenshipEgypt7

Politics

Ezz went into politics in the 1990s, joining Hosni Mubarak's National Democratic Party, and becoming a major figure there, as the party secretary. Ezz ran for parliament representing the districts of Sadat-Monouf-Sers al-Liyan in Monofuyia, where his factories are, winning seats in 2000, 2005 and 2010. He was also elected head of the Planning and Budgeting Committee.

Ezz was elected twice as the head of the Arab Iron and Steel Union.

Prior to the revolution, opposition parties, other parliamentarians, and groups accused Ezz companies of monopolizing the steel industry in Egypt by holding more than 60 percent of the market share, describing it as an act that is backed up by the government, an act that was described by the active parliamentarian Aboul Ezz Al Hariri as "enhancing the proliferation of monopolies rather than fighting them". The groups mentioned are even blaming him of increasing the steel prices of as much as 70 percent. In response Ezz has told reporters that a competition law "would at least provide a legal framework preventing everyone from making accusations".

Ezz companies were investigated twice for monopoly by the Egyptian Competition Authority, both before and after the January 2011 Revolution. The companies were found "not guilty" of any monopolistic or anti-competition actions both times. Ahmed Ezz was also tried for profiteering and squandering public funds, in a case that was settled for $96 million in 2018.

Ezz was planning on running in the 2015 Egyptian parliamentary election as an independent in the Sadat City constituency, though he lost his appeal after he was disqualified from running. Another appeal was adjourned until 22 April 2015.

From Wikipedia’s article on Ahmed Ezz (this version), CC BY-SA 4.0.