20
Nov
13:13
Hadisolb chairman resigns abruptly
Khalid Mustafa Kamel Al Ansari has stepped down as chairman of Egyptian Iron and Steel Company (Hadisolb) a mere four months after taking up the job. He has been replaced by Sami Abdel Rahman Hassan.
The state-owned steelmaker did not provide a reason for the move. However, some Egyptian industry sources suggest it is related to company’s alleged reneging on committed export contracts. The steelmaker was reported to have pulled out of a 5,000-tonne bi…
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