Ezz won the election against the nominee of the Kuwait Steel Company.
The ruling follows a complaint filed by the European Steel Association (EUROFER) regarding hot-rolled flat steel imports from these countries.
While the FRA has no objections to the delisting, it has outlined a series of conditions that Ezz Steel must adhere to in order to ensure the process moves forward smoothly
The company revealed in a filing to the Egyptian Exchange (EGX) that it aims to withdraw its shares from trading, offering shareholders the opportunity to sell their shares under specific mechanisms outlined in the announcement.
This move follows a complaint lodged by the European Steel Association (EUROFER), according to a company statement issued to the London Stock Exchange (LSE) on Monday.
