Egypt’s El-Sewedy family gains $103 million, strengthens influence in Africa
Ahmed El-Sewedy and siblings Sadek and Mohammed hold a combined 68.1-percent majority stake in Elsewedy Electric, a staggering 1.48 billion ordinary shares.
Ahmed El Sewedy
Egypt’s billionaire El-Sewedy family loses $132 million in 36 days
Ahmed El-Sewedy and his siblings, Sadek and Mohammed, hold a controlling and beneficial stake of 68.1 percent in Elsewedy Electric.
Egyptian billionaire Ahmed El Sewedy’s electric firm lands $300-million funding
Elsewedy Electric is a leading multinational cable and electrical equipment manufacturer majority owned by the Egyptian billionaire El-Sewedy family.
Egyptian billionaire Ahmed El Sewedy’s electric company achieves $261 million in profit in 9 months
El Sewedy Electric’s robust financial standing and strategic initiatives underscore its dominance in the global electrical equipment industry.
Egypt’s newest billionaires, El-Sewedy family gains $374 million in 25 days
Ahmed El-Sewedy and his siblings, Sadek and Mohammed, jointly own a majority stake of 68.1 percent in Elsewedy Electric.
Firm linked to Egypt’s billionaire El-Sewedy family secures $50-million EBRD loan
The $50-million loan from EBRD will further enhance Elsewedy Electric’s ability to meet the growing demand for cables and electrical equipment in the region.
Egypt’s newest billionaires: El-Sewedy family’s electric firm stake hits $1.1 billion
The El-Sewedy family’s fortune has seen an exceptional upturn this year, solidifying their position among Egypt’s billionaire elite.
Egypt’s billionaire El-Sewedy family suffers $50 million loss from El Sewedy Electric stake
The El-Sewedy family, represented by Sadek, Ahmed, and Mohammed Elsewedy, owns 68 percent of Elsewedy Electric.
Egyptian tycoon Ahmed El-Sewedy’s fortune soars as stake in electric company approaches $1 billion
El-Sewedy, alongside his siblings Sadek and Mohammed, collectively owns 68 percent of the company.
Ahmed El-Sewedy’s ed-tech firm prepares to launch educational institution in Egypt
Under El-Sewedy’s leadership, the group’s ed-tech firm aims to establish universities that adopt innovative educational approaches.
Egyptian businessman Ahmed El-Sewedy’s electric company records $94 million in profit in Q1 2023
El Sewedy Electric achieved extraordinary financial success in the first quarter of 2023.
Egyptian businessman Ahmed El-Sewedy set to pocket $18.9 million dividend from electric company
El-Sewedy and his siblings own 68 percent of El Sewedy Electric.
Egyptian businessman Ahmed El Sewedy’s electric company records over $185 million in profit in 2022
El Sewedy Electric specializes in the production of electrical equipment and cables.
Egyptian businessman Ahmed El-Sewedy’s firm plans to introduce innovations in Uzbekistan’s energy sector
Elsewedy Electric is a multinational cable and electrical equipment manufacturer.
Ahmed El-Sewedy’s electric company to aid Saudi Arabia in achieving net-zero emissions by 2050
El Sewedy Electric is a leading multinational cable and electrical equipment manufacturer.
Ahmed El-Sewedy-led Elsewedy Electric wins $176.10 million Saudi solar power contract
The El-Sewedy family owns 68 percent of Elsewedy Electric.