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With a strong financial foundation, Elsewedy Electric is positioning itself for further expansion, reinforcing its role as a key player in the global energy and infrastructure market.
This marks a significant step in Elsewedy Electric’s expansion into Europe, reinforcing its presence in the global energy infrastructure market.
The facility marks a major step in expanding Egypt’s telecom infrastructure and solidifying the country’s position as a regional manufacturing hub.
Sadek El-Sewedy’s stake in Elsewedy Electric has surged to nearly $930 million, reflecting strong investor confidence and stock price growth.
This surge brings her total stake to over $100 million, reflecting the company’s solid performance on the Egyptian bourse.
The project, the first of its kind in Greece, signals a pivotal moment in Elsewedy Electric’s aggressive expansion strategy within the renewable energy sector.
The landmark deal will establish a state-of-the-art private free zone in Industria Sadat, spanning 50,000 square meters.
Its strong presence across the Middle East and Africa has cemented its status as one of the country’s leading industrial players.
Sadek El-Sewedy’s stake could have seen a higher growth of $633.88 million if not for the 39.16 percent devaluation of the Egyptian pound.
Ahmed El-Sewedy, CEO of Elsewedy Electric, and his brother Sadek, the company’s non-executive chairman, hold a majority 51.05 percent stake.
Elsewedy, who serves as the company's vice president, holds a 17.76-percent stake —equivalent to 385.6 million ordinary shares.
Elsewedy claims the top spot on the Egyptian Exchange with stake in multinational cable and electrical equipment manufacturer, Elsewedy Electric.
Founded in 1938 by the El-Sewedy family, Elsewedy Electric has become a major force in the electrical equipment manufacturing sector.