Egyptian billionaire El-Sewedy family’s company wins $60 million Kuwait contract
Egyptian billionaire El-Sewedy family’s Elsewedy Electric wins $60 million Kuwait contract to expand MENA infrastructure projects.
Elsewedy Electric
Elsewedy family firm backs Nawah Scientific’s growth in $23 million funding round
Elsewedy Electric backs Nawah Scientific in a $23 million funding round to support regional lab expansion and research services.
Egyptian billionaire El-Sewedy family’s group plans $500 million investment in Saudi Arabia, Qatar
Egypt’s El-Sewedy Electric plans $500 million investment in Saudi Arabia and Qatar to expand factories and power infrastructure.
Egyptian billionaire Ahmed El-Sewedy gains $116 million in Elsewedy stake
Egyptian billionaire Ahmed El-Sewedy adds $115.93 million to his Elsewedy Electric stake as shares climb and market value strengthens.
Egyptian billionaire El-Sewedy family’s electric group signs deal to boost Qatar power solutions
Elsewedy Electric teams with Raneen Energy to strengthen Qatar’s power systems and advance local production.
Egyptian billionaire Sadek El-Sewedy’s Elsewedy Electric stake nears $1 billion
The rise follows a steady climb in the company’s share price on the Egyptian Exchange (EGX), extending a stretch of gains that began earlier in the year.
Elsewedy Electric, led by Egypt’s billionaire El-Sewedy family, posts $298 million profit in 9M 2025
Elsewedy Electric, led by Egypt’s billionaire El-Sewedy family, saw profit ease to $298.5 million in 9M 2025 even as revenue hit a record $4.22 billion.
Egyptian billionaire Ahmed El-Sewedy gains $54 million from Elsewedy Electric stake
Egyptian billionaire Ahmed El-Sewedy’s stake in Elsewedy Electric rises by $51 million as the company’s shares climb 6.22% on the Egyptian Exchange over 23 days.
Egypt’s Sadek El-Sewedy sees $18.6 million gain on Elsewedy Electric stock
Egyptian billionaire Sadek El-Sewedy sees $18.6 million rise in Elsewedy Electric shares as the company’s market cap exceeds $3.3 billion.
Egypt’s billionaire El-Sewedy family to build $29 million cold-storage facility
The project aims to strengthen Egypt’s cold chain infrastructure, improve food quality, and cut waste, the companies said in a joint statement.
Electric giant led by Egypt's El-Sewedy family commits $2.5 billion to Algeria’s industrial expansion
Elsewedy Electric, led by Egypt’s El-Sewedy family, will invest $2.5 billion in Algeria to build new factories and expand renewable energy capacity.
Egyptian tycoon Ahmed El-Sewedy loses $65 million on Elsewedy Electric stake
Ahmed El-Sewedy loses $65 million as Elsewedy Electric shares drop, reflecting market caution.
Egyptian billionaire Sadek El-Sewedy loses nearly $60 million from Elsewedy stake
Egyptian billionaire Sadek El-Sewedy’s stake in Elsewedy Electric drops by $58.6 million as shares decline.
Elsewedy Electric, owned by billionaire El-Sewedy family, to develop industrial zone in Egypt
The zone will be built to international standards and host a range of industries, including mining, engineering, chemicals, manufacturing, and food production.
Elsewedy Electric, led by Egypt's billionaire El-Sewedy family, posts $2.68 billion in first-half revenue
Elsewedy Electric posts $2.68 billion half-year revenue, up 20.6% y-o-y, driven by strong performance across wires, cables, and construction segments.
Egyptian tycoon Ahmed El-Sewedy-led electric company wins contract for mega rail project
Elsewedy will handle the full HVAC delivery scope—supply, copper piping installation, start-up, commissioning, and after-sales service—ensuring seamless execution.