Al Ezz Dekheila Steel Company - Alexandria S.A.E. (CASE:IRAX) announced a private placement of common share on August 5, 2019. The company will issue 13,000,000 common shares to the shareholders of Al Ezz Flat Steel and Al Ezz Rolling Mills, of which 12,175,202 common shares will be issued for cash or credit balances. The shares having face value of EGP 100 per share will be issued at EGP 1.176.85 per share, including a premium of EGP 1,076.85. On September 22, 2019, the transaction has been approved by the shareholders of Ezz Steel Company in its extraordinary general assembly meeting.