Elsewedy Electric Co SAE News - Mubasher Info
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06 April 07:08 PM

Elsewedy Electric Co SAE (SWDY)

Last update: 02:12 PM market time.
78.89
-0.11
-0.14%
Open 79.00
Previous Close 79.00
High 79.31
Low 78.80
Stock Statistics
Volume 64,663
Turnover 5,108,390.00
All data are 15 minutes late during market session

News

Photo Archive
25 May 2022 11:51 AM Elsewedy Electric's profits up 8% in Q1-22
Cairo – Mubasher: Elsewedy Electric Co reported consolidated net profits of EGP 828.20 million in the first three months (3M) of 2022, up 7.6% from EGP 769.49 million in the same period of 2021, including minority shareholders' rights. The …
Financial Results
Photo Archive
16 May 2022 04:41 PM Elsewedy Electric launches 1st busway dielectric system facility in Africa
Cairo – Mubasher: Elsewedy Electric Co has established Africa's first busway dielectric epoxy insulation system facility to prefabricate electrical distribution, using bus bars in a protective enclosure. With short circuits, distribution of loads, …
Companies Investments
Photo Archive
9 February 2022 11:33 AM Elsewedy Electric records 15% higher consolidated profits in 2021
Cairo – Mubasher: Elsewedy Electric Co reported consolidated net profits of EGP 3.81 billion in 2021, up 15.2% from EGP 3.31 billion in 2020, including minority shareholders' rights. The company's revenues jumped by 30.5% to EGP 60.54 billion in …
Financial Results
Photo Archive
20 January 2022 00:03 PM Elsewedy Electric's unit inks EGP 686m contracts to implement project in Kuwait
Cairo – Mubasher: Egytech Cables, a 99.98%-owned subsidiary of Elsewedy Electric Company, has inked two contracts worth KWD 13.2 million (EGP 686 Million) with the Public Authority for Housing Welfare in Kuwait. Under the 18-month contracts on a …
Companies Investments
Photo Archive
12 January 2022 11:18 AM Elsewedy Electric's unit inks EGP 443m contract for project in New Administrative Capital
Cairo – Mubasher: Elsewedy Electric for Trading and Distribution, a 99.8% subsidiary of Elsewedy Electric Company, has signed an EGP 443.4 million contract for a five-month project in the New Administrative Capital. Under the contract, the company …
Companies Investments
Photo Archive
2 January 2022 11:57 AM Elsewedy Electric's unit inks EGP 440m contract with Kuwaiti company
Cairo – Mubasher: Egytech Cables, a 99.98%-owned subsidiary of Elsewedy Electric Company, has signed a KWD 8.49 million (EGP 440 million) contract with Kuwait's Public Authority for Housing Welfare to help in transmitting power to El Mutlaa …
Companies Investments
Photo Archive
30 December 2021 11:54 AM Elsewedy Electric's unit inks $25m contract with Suez Oil Processing
Cairo – Mubasher: SEDCO for Petroleum Services, a 97% subsidiary of Elsewedy Electric Company, has inked a $25.316 million (EGP 400 million) contract with Suez Oil Processing Co., one of the EGPC affiliated companies. Under the eight-month …
Companies Investments
Photo Archive
19 December 2021 06:15 PM Elsewedy Electric’s subsidiary signs deals for nearly EGP 1.6bn projects
Cairo – Mubasher: Rowad Modern Engineering (RME), a 51%-owned subsidiary of Elsewedy Electric Company, signed two agreements with both Emaar Misr for Development and Newgiza for developments worth a combined value of EGP 1.59 billion, according to …
Companies Investments
Photo Archive
6 December 2021 01:12 PM Elsewedy Electric inaugurates industrial complex in Tanzania
Cairo – Mubasher: Elsewedy Electric Co has opened its industrial complex and electric cable factory in Tanzania with total investments of more than $35 million. Spanning over an area of 120,000 square metres, Al Suwaidi Industrial Complex …
Companies Investments
The revenues grew to EGP 40.88 billion in the January-September period
15 November 2021 03:03 PM Elsewedy Electric logs EGP 2.5bn profit in nine months
Cairo – Mubasher: Elsewedy Electric Co logged consolidated net profits of EGP 2.51 billion in the first nine months of 2021, up by 30% year-on-year (YoY) from EGP 1.93 billion, including minority shareholders' rights.  The net profits attributable …
Financial Results
The project will be implemented over a period of 12 months
18 October 2021 10:57 AM Elsewedy Electric's unit inks EGP 178m deal to build substation for Zayed monorail
Cairo – Mubasher: The Egyptian Electricity Transmission Company (EETC) has signed a contract with Elsewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric Co., to build a substation in Sheikh Zayed for the monorail …
Macroeconomics
Delta Region
21 September 2021 02:06 PM Hitachi ABB Power, Elsewedy’s unit to set up Delta Zone network
Cairo – Mubasher: Hitachi ABB Power Grids and Elsewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric, will be establishing the new Delta Zone Regional Control Centre (DRCC) in Mansoura City in the Delta region, according …
Companies Investments
The acquisition deal was closed on 13 September
14 September 2021 04:20 PM Elsewedy Electric completes acquisition of International Cables for EGP 410m
Cairo – Mubasher: Elsewedy Electric Co has completed the acquisition of International Cables Company, according to a bourse disclosure on Tuesday.  The ownership of the shares has been transferred and the EGP 410 million deal was closed on Monday, …
Mergers and Acquisitions
Elsewedy Electric's unit will design, supply, and install the substations
7 September 2021 04:48 PM Elsewedy's unit pens deals to build three substations with EGP 1.150bn
Cairo – Mubasher: Elsewedy Electric Co announced that its 99.8%-owned unit Elsewedy Electric for Trading and Distribution signed two agreements with the Egyptian Electricity Transmission Company to build three substations in Central and North …
Companies Investments
The substations have a capacity to power about 1.3 million households.
6 September 2021 01:26 PM Elsewedy Electric, Toyota Tsusho complete four GIS substations in Iraq
Cairo – Mubasher: Elsewedy Electric Co and Toyota Tsusho Corporation (TTC) announced the completion of the engineering, procurement, and construction (EPC) contract of four gas-insulated switchgear (GIS) substations for the Iraqi Ministry of …
Company News
The contract includes designing, supplying, and installing a 33/11 kilovolt (kV) substation
5 September 2021 11:41 AM Elsewedy Electric's unit inks $16.7m deal to build substation in Ghana
Cairo – Mubasher: Elsewedy Electric Co announced that its 99.8%-owned subsidiary Elsewedy Electric for Transmission & Distribution of Energy signed an engineering, procurement, and construction (EPC) agreement worth $16.7 million to build a …
Companies Investments
The funding will be used to source raw materials amid the COVID-19 pandemic
19 August 2021 05:07 PM Elsewedy Electric's United Metals obtains $25m loan from EBRD
Cairo – Mubasher: The European Bank for Reconstruction and Development (EBRD) has approved a $25 million loan to Elsewedy Electric Co's 99.8%-owned subsidiary United Metals Company to support the company's working capital requirements amid the …
Banking and Finance
Minister of Housing Assem El-Gazzar
18 August 2021 03:53 PM Egyptian consortium installs first turbine parts of Tanzania's hydroelectric dam
Cairo – Mubasher: A consortium, comprised of Elsewedy Electric Co and The Arab Contractors, has successfully installed the first turbine parts of Tanzania's Julius Nyerere Hydropower Project (JNHPP), Egypt's Minister of Housing Assem El-Gazzar …
Companies Investments
The revenues increased to EGP 26.01 billion
17 August 2021 10:44 AM Elsewedy Electric's profit surges 71% in H1-21
Cairo – Mubasher: Elsewedy Electric Co reported a 70.58% year-on-year (YoY) hike in its consolidated net profits to EGP 1.74 billion in the first half (H1) of 2021, compared to EGP 1.025 billion, including minority shareholders' rights.  The …
Financial Results
The project will be implemented over a seven-month period.
9 August 2021 11:15 AM Elsewedy Electric's units ink EGP 192m cable installation deal
Cairo - Mubasher: Elsewedy Electric Co announced that its subsidiaries El Sewedy Cables and Egytech Cables have signed a new agreement with the Egyptian Electricity Transmission Company (EETC) to supply and install 220-kilovolt (kV) ground cables …
Companies Investments
The contract will be executed over a three-month period
5 August 2021 11:18 AM Elsewedy Electric's unit inks EGP 190m electrical network contract addendum
Cairo - Mubasher: Elsewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric Co, signed a new addendum to the engineering, procurement, and construction (EPC) contract to build the internal electricity network for an area of …
Company News
Al Ahly Pharos served as the exclusive sell-side advisor to the selling shareholders of ICC
13 July 2021 03:37 PM Al Ahly Pharos advises on International Cables sale deal
Cairo - Mubasher: Al Ahly Pharos Investment Banking has advised on the share purchase agreement (SPA) for the sale of 99.25% of International Cables Company (ICC) to Elsewedy Electric Co. for EGP 410 million.  Al Ahly Pharos served as …
Mergers and Acquisitions
The agreement is conditional on the satisfaction of certain terms and conditions
11 July 2021 00:00 PM Elsewedy Electric inks EGP 410m deal to acquire International Cables Company
Cairo - Mubasher: Elsewedy Electric Co signed a share purchase agreement (SPA) for 99.25% of the shares of International Cables Company.  The EGP 410 million agreement is conditional on the satisfaction of certain terms and conditions related to …
Mergers and Acquisitions
Revenues increased to EGP 12.29 billion in the January-March period
17 May 2021 10:54 AM Elsewedy Electric's profit surges 66% in Q1-21
Cairo – Mubasher: Elsewedy Electric Co. reported consolidated net profits of EGP 769.49 million in the first quarter (Q1) of 2021, up by 66% year-on-year (YoY) from EGP 463.69 million in the year-ago period, including minority shareholders’ …
Financial Results
The MSCI Emerging Markets Index includes three Arab countries
13 May 2021 11:10 AM MSCI deletes Ibnsina Pharma from Small Cap Index, adds two companies
Cairo - Mubasher: The MSCI Global Small Cap Index has added Elsewedy Electric Co and Misr Fertilizers Production Co (Mopco) to its list while deleting Ibnsina Pharma, according to the MSCI semi-annual index review. The changes in the MSCI Global …
Companies Investments