Elsewedy Electric Co SAE News - Mubasher Info
Mubasher TV
Contact Us Advertising   العربية

Elsewedy Electric Co SAE (SWDY)

Last update: 17 July 01:29 PM market time.
77.55
0.35
0.45%
Open 77.20
Previous Close 77.20
High 78.20
Low 77.21
Stock Statistics
Volume 179,608
Turnover 13,930,601.00
All data are 15 minutes late during market session

News

Elsewedy Machinery and Johnson Controls–Hitachi
17 July 06:22 PM Elsewedy, regional Johnson Controls–Hitachi win contract for Egypt’s high-speed rail megaproject
Cairo – Mubasher: Johnson Controls–Hitachi Air Conditioning Middle East and Africa (Johnson Controls–Hitachi Air Conditioning MEA) along with Elsewedy Machinery, the trading arm of Elsewedy Electric Group, won a major HVAC contract for the …
Photo Archive
27 May 07:15 AM Elsewedy Electric logs EGP 4.1bn consolidated profits in Q1-25
Cairo – Mubasher: Elsewedy Electric Company recorded a 4.20% rise in consolidated net profits after tax and minority interest to EGP 4.14 billion during the first quarter (Q1) of 2025. The generated earnings were compared to EGP 3.97 billion in …
Photo Archive
17 November 2024 11:13 AM Elsewedy Electric’s profits surge 64% in 9M-24; revenues hit EGP 164.8bn
Cairo – Mubasher: The net income after the minority of Elsewedy Electric Company hiked by 64.20% to EGP 13.25 billion in the first nine months (9M) of 2024 from EGP 8.07 billion in 9M-23. Total consolidated revenues hit EGP 164.80 billion as of 30 …
Photo Archive
8 October 2024 03:36 PM Elsewedy Electric, Modon Holding team up to implement Ras El Hikma project
Cairo – Mubasher: Elsewedy Electric Company inked an agreement with UAE's Modon Holding as part of the development of the Ras El Hikma project. The two parties will join forces to supply building materials to the project, according to a bourse …
Photo Archive
26 September 2024 08:53 AM Elsewedy Electric announces $1bn project with SEC
Cairo – Mubasher: Elsewedy Electric Company has implemented a power generation station with a total capacity of around 1,200 megawatts (MW) using a combined cycle system in the Saudi city of Rabigh. The project includes the participation of Saudi …
Photo Archive
18 August 2024 02:59 PM Elsewedy Electric’s consolidated profits exceed EGP 9bn in H1-24
Cairo – Mubasher: Elsewedy Electric Company posted consolidated net profits amounting to EGP 9.10 billion in the first half (H1) of 2024, versus EGP 6.15 billion in H1-23. Net revenues reached EGP 102.62 billion in H1-24, up year-on-year (YoY) …
Photo Archive
14 July 2024 04:54 PM Elsewedy Electric unveils QAR 1bn contract with Qatar’s Kahramaa
Cairo – Mubasher: Elsewedy Cables Qatar, the sister company of Egypt’s Elsewedy Electric Company has signed a contract valued at QAR 1 billion with Qatar General Electricity & Water Corporation (Kahramaa), according to a bourse filing. The …
Photo Gallery
10 July 2024 02:04 PM IHC’s unit completes nearly 20% equity acquisition in Elsewedy Electric; value unveiled
Cairo – Mubasher: The Egyptian Exchange (EGX) has completed the transfer of the ownership of around 427.71 million shares in Elsewedy Electric Company to Two Point Zero Group, a subsidiary of International Holding Company (IHC), for EGP 21.20 …
Photo Archive
7 July 2024 00:15 PM EGX extends period for Elsewedy Electric’s acquisition offer
Cairo – Mubasher: The Egyptian Exchange (EGX) announced extending the validity period for the acquisition offer the non-binding offer (NBO) for the acquisition of Elsewedy Electric Company by the UAE’s Electra Investment Holding to 8 July 2024. In …
Photo Archive
6 June 2024 11:30 AM Elsewedy Electric’s consolidated profit leaps 33% YoY in Q1-24
Cairo – Mubasher: Elsewedy Electric Company has reported a 33.33% year-on-year (YoY) surge in consolidated net profit to EGP 4.23 billion in the first quarter (Q1) of 2024 from EGP 3.17 billion. Consolidated revenues soared 35.70% YoY to EGP 45.24 …
Photo Archive
2 June 2024 02:56 PM EGX announces details for Elsewedy Electric’s acquisition offer
Cairo – Mubasher: The Egyptian Exchange (EGX) has released details of the non-binding offer (NBO) for the acquisition of between 15% and 24.50% of Elsewedy Electric Company by the UAE’s Electra Investment Holding. The NBO sets the price of …
Photo Archive
19 May 2024 03:25 PM UAE’s Electra Investment offers to buy up to 24.5% of Elsewedy Electric
Cairo – Mubasher: UAE’s Electra Investment Holding has submitted an offer to acquire up to 24.50% of Elsewedy Electric Company. Under the offer submitted to the Financial Regulatory Authority (FRA), Electra Investment seeks to buy around 531.48 …
Photo Archive
22 April 2024 04:53 PM Elsewedy Electric’s shareholders nod for EGP 30m capital cut, over EGP 1bn dividends
Cairo – Mubasher: The ordinary general meeting (OGM) of Elsewedy Electric Company agreed to disburse EGP 0.50 per share as a cash dividend for 2023. The company will pay out a total amount of EGP 1.06 billion to the eligible equityholders of …
Photo Archive
21 March 2024 03:07 PM Elsewedy Electric ups credit facility deal with Afreximbank to $300m
Cairo – Mubasher: Elsewedy Electric Company’s board approved increasing a revolving facility agreement with the African Export-Import Bank (Afreximbank) to $300 million. The agreement was also signed with Elsewedy Electric for Transmission and …
Photo Archive
13 March 2024 00:38 PM Elsewedy Electric logs 87% YoY higher consolidated profit in 2023; dividends ratified
Cairo – Mubasher: Elsewedy Electric Company posted an 86.70% year-on-year (YoY) surge in consolidated net profit after minority interest to EGP 10.11 billion in 2023 from EGP 5.41 billion. Consolidated revenue soared 65.10% YoY to EGP 152.18 …
Photo Archive
9 November 2023 00:27 PM Elsewedy Electric’s 9M-23 consolidated revenues hit EGP 108.8bn; higher profits recorded
Cairo – Mubasher: The consolidated net profits attributable to the owners of Elsewedy Electric Company hit EGP 8.07 billion in the first nine months (9M) of 2023, versus  EGP 3.09 billion in 9M-22. Revenues enlarged to EGP 108.80 billion in 9M-23 …
Photo Archive
18 October 2023 02:51 PM Elsewedy Electric secures $50m financing from EBRD
Cairo – Mubasher: United Metals Company (UMC), a subsidiary of Elsewedy Electric Company, has obtained a $50 million loan from the European Bank for Reconstruction and Development (EBRD). The unit will use the investment to finance its working …
Photo Archive
12 September 2023 09:10 AM Elsewedy Electric, Orascom Construction deny obtaining loan from African Export-Import Bank
Cairo – Mubasher: Elsewedy Electric Company and Orascom Construction refuted reports claiming that they obtained a $200 million loan from the African Export-Import Bank. The two companies said the circulated news is not correct, affirming that …
Photo Archive
24 August 2023 11:03 AM Elsewedy Electric records surge in H1-23 profits; revenues hit EGP 69.63bn
Cairo – Mubasher: Elsewedy Electric Company achieved consolidated net profits attributable to the shareholders worth EGP 5.56 billion in the first half (H1) of 2023, an annual leap of 194.80% from EGP 1.88 billion. The firm generated EGP 69.63 …
Photo Archive
1 June 2023 00:00 PM Elsewedy Electric’s consolidated profits jump to EGP 3.17bn in Q1-23
Cairo – Mubasher: The consolidated net profits after tax of Elsewedy Electric Company hit EGP 3.17 billion in the first quarter (Q1) of 2023, versus EGP 828.20 million in Q1-22, including minority interest. Revenues hiked by 79.50% year-on-year …
Photo Archive
2 March 2023 00:08 PM Elsewedy Electric posts EGP 5.75bn consolidated profits in 2022; dividends unveiled
Cairo – Mubasher: Elsewedy Electric Company logged consolidated net profits after tax worth EGP 5.75 billion in 2022, an annual leap from EGP 3.86 billion, including non-controlling equity. The EGX-listed firm generated EGP 92.16 billion in …
Photo Archive
23 January 2023 10:10 AM Elsewedy Electric, Jinko Power to assist KSA reach net-zero emissions by 2050
Cairo – Mubasher: Elsewedy Electric for Transmission and Distribution (EETD) inked an EPC contract with Al-Ghazala Energy Company, the KSA-based subsidiary of Jinko Power Technology Company for the 300 MW Saad Photovoltaic (PV) Solar Independent …
Photo Archive
17 January 2023 10:37 AM Elsewedy Electric’s unit to construct solar power station for $176m in KSA
Cairo – Mubasher: El Sewedy Electric for Transmission & Distribution, a 99.80%-owned subsidiary of Elsewedy Electric Company, signed a new contract of $176.10 million for Al Ghazala Energy Company in Saudi Arabia to construct a solar power station …
Photo Archive
19 December 2022 09:35 AM Elsewedy Electric’s board approves $200m revolving credit agreement
Cairo – Mubasher: The board of directors of Elsewedy Electric Co approved unanimously revolving credit agreement with the African Export-Import Bank (Afreximbank) for up to $200 million. The board’s nod was made during a meeting on 18 December …
Photo Archive
23 November 2022 04:11 PM Elsewedy Electric to establish new firm in KSA
Cairo – Mubasher: Elsewedy Electric Co’s board of directors approved the establishment of a new company in Saudi Arabia with a SAR 500,000 capital in accordance with the systems of the Saudi companies and the Ministry of Investment. The company …