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Key Points
- Mohammed El-Sewedy’s stake in Elsewedy Electric rose $31.6 million in one week, nearing a market value of $600 million.
- Investor confidence in Egypt’s infrastructure boosted Elsewedy Electric’s share price by 5.6%, lifting its market cap to over $3.3 billion.
- Elsewedy Electric’s expansion into renewables and regional projects positions it as a key energy player across Africa and the Middle East.
Mohammed El-Sewedy, a leading figure in Egypt’s industrial landscape, is nearing a rare financial milestone as the value of his stake in Elsewedy Electric climbs toward $600 million.
El-Sewedy owns 18.01 percent of Elsewedy Electric, a Cairo-based giant with operations spanning Africa and the Middle East. In just over a week, his stake jumped from $546.1 million to $595.7 million — a gain of $31.6 million — driven by a 5.6 percent rise in share price.
Elsewedy Electric’s stock climbed from EGP73 ($1.46) on June 19 to EGP77.09 ($1.54) by June 27, adding EGP1.58 billion to El-Sewedy’s 385.6 million shares. The uptick comes as investor confidence grows in Egypt’s infrastructure sector, bolstered by continued state investment in development projects.
Family business powers $3.3 billion legacy
Founded in 1938 as a small electrical shop in Cairo, Elsewedy Electric has evolved into one of the country’s major industrial players. The company now boasts a market capitalization of more than $3.3 billion and provides cables, transformers, meters, and turnkey infrastructure for power projects across the region.
The recent stock gain reflects renewed optimism around regional presence and increasing role in energy distribution, renewable power, and critical infrastructure development. As new projects advance in early phases across the Middle East and Africa, the company’s long-term prospects appear to be strengthening — and with them, the family’s joint financial position.
Building Egypt’s energy future boldly
Elsewedy Electric has emerged as a bellwether on the Egyptian Exchange and a consistent favorite for investors looking for long-term growth. It’s also become a case study in how legacy businesses can modernize without losing their identity.
For Mohammed El-Sewedy, who sits at the helm alongside his siblings, it’s about staying grounded while thinking ahead. Elsewedy Electric’s shift from a local shop to a global operation mirrors Egypt’s own ambitions to lead in energy and infrastructure on the continent.
The recent surge isn’t just about numbers, it’s a reflection of the group’s growing relevance. From laying electrical grids and supplying smart meters to pushing into renewables, Elsewedy Electric has become part of the solution for a region that urgently needs durable systems.
