Al Ezz Dekheila Steel Company - Alexandria S.A.E. (CASE:IRAX) agreed to acquire remaining 56% stake in Al Ezz Flat Steel Co on August 4, 2019. As per the terms Al Ezz Dekheila Steel Company will acquire 42 million shares representing 56% stake of Al Ezz Flat Steel Co. As of August 4, 2019 acquirer board approved the transaction. Grant Thornton Corporate Finance acted as financial advisor to Al Ezz Dekheila Steel Company - Alexandria S.A.E. Al Ezz Dekheila Steel Company - Alexandria S.A.E. (CASE:IRAX) cancelled the acquisition of remaining 56% stake in Al Ezz Flat Steel Co on August 4, 2020.