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08 April 08:33 AM

Elsewedy Electric Co SAE (SWDY)

Last update: 7 April 02:14 PM market time.
78.16
-0.49
-0.62%
Open 78.89
Previous Close 78.89
High 79.14
Low 78.00
Stock Statistics
Volume 115,546
Turnover 9,063,403.00
All data are 15 minutes late during market session

News

The contract will be executed over a 17-month period
16 April 2020 00:56 PM Elsewedy’s unit inks AED 124.5m transmission line contract with DEWA
Cairo – Mubasher: Elsewedy Electric Co announced that its subsidiary signed a new agreement worth AED 124.5 million ($34 million) with Dubai Electricity and Water Authority (DEWA). After competing with 11 companies, Elsewedy Power Electrical …
Companies Investments
Pre-contract negotiations will be held soon with ENR
7 April 2020 01:44 PM Elsewedy-Saipem-Salcef consortium wins Abu Tartour-Qena rail upgrade contract
Cairo – Mubasher: Elsewedy Electric Co announced that its consortium with the two Italian companies Saipem and Salcef has been selected to rebuild and rehabilitate the Abu Tartour-Qena freight railway line. The consortium won the tender launched …
Companies Investments
The distributable profits amounted to EGP 3.366 billion
1 April 2020 11:49 AM Elsewedy Electric’s OGM approves EGP 0.80/shr dividends for 2019
Cairo – Mubasher: The ordinary general meeting (OGM) of Elsewedy Electric Co approved a cash dividend distribution of EGP 1.746 billion for 2019. The company’s shareholders decided to distribute EGP 0.80 per share after excluding 1.433 million …
General Assembly
ABB Power will provide Toshka 2 substation with high-voltage gas-insulated switchgear (GIS)
24 March 2020 02:37 PM Elsewedy, ABB sign contract for grid expansion at Toshka substation
Cairo – Mubasher: Elsewedy Electric Company and ABB Group have inked a partnership to ensure efficient electricity supply in the strategic expansion of Egypt's Toshka 2 substation. Under the partnership, ABB Power Grids will provide the second …
Companies Investments
The company will specialise in management of solar power plants
20 February 2020 04:09 PM Elsewedy Electric to establish new company in Algeria
Cairo – Mubasher: Elsewedy Electric Co’s board on Thursday approved the establishment of a new company in Algeria. The company will specialise in procurement, instalment, building, management, and ownership of solar power plants with 50-megawatt …
Companies Investments
Net profits slid to EGP 4.163 billion
20 February 2020 03:38 PM Elsewedy Electric’s profit down 19% in 2019
Cairo – Mubasher: Elsewedy Electric Co reported an 18.53% year-on-year profit retreat during 2019. Net profits slid to EGP 4.163 billion last year, compared to EGP 5.109 billion in 2018, including minority shareholders’ rights, the company said in …
Financial Results
The new port will handle 720,000 containers annually
29 January 2020 09:04 PM Consortium wins contract for Egypt 1st dry port
Cairo – Mubasher: A consortium of three companies has been awarded a contract for a $176 million project to build Egypt’s first dry port, Reuters reported on Wednesday. The consortium includes Elsewedy Electric Co, 3A International, and DB …
Companies Investments
The contract is set to be implemented over a 20-month period
2 January 2020 04:26 PM Elsewedy Electric’s unit to upgrade Cairo Regional Control Center with EGP 584m
Cairo – Mubasher: Elsewedy Electric Co announced that its subsidiary Egytech Cables signed an agreement with the Egyptian Electricity Transmission Company (EETC) as part of a consortium with NARI Group Corporation, Huawei International Co., and …
Macroeconomics
The deal includes the supply of 485,000 smart pre-paid meters
25 December 2019 11:54 AM Elsewedy Electric’s unit awarded $36.7m deal to supply meters in Madagascar
Cairo – Mubasher: Iskraemeco-Egypt, a subsidiary of Elsewedy Electric Co, signed a contract to supply smart pre-paid meters to Jirama, a state-owned electric and water utility company in Madagascar.   The deal includes the supply of 485,000 smart …
Companies Investments
Elsewedy Electric Co owns 51% of Rowad Modern Engineering
10 December 2019 11:42 AM Elsewedy Electric’s unit pens EGP 638.4m deal with Al Futtaim
Cairo – Mubasher: Rowad Modern Engineering, a subsidiary of Elsewedy Electric Co, signed a new contract worth EGP 638.4 million with Al Futtaim Commercial and Administrative Centers. The deal includes the implementation of construction and …
Companies Investments
The project is planned to be located on 250,000 sqm
4 December 2019 11:20 AM Elsewedy Electric to launch $45m PV project in South Sudan
Cairo – Mubasher: Elsewedy Electric Co has signed a contract with South Sudan’s Ministry of Energy and Dams to build a $45 million hybrid photovoltaic project with a battery storage system. The project is planned to be located on 250,000 square …
Utilities
The final value of the contract has not been determined yet
3 December 2019 05:17 PM Elsewedy Electric denies signing EGP 1.8bn intelligent transportation contract
Cairo – Mubasher: Elsewedy Electric Co denied news reports that it has signed a contract to implement intelligent transportation systems (ITS) on six roads in Egypt with the first phase having an investment cost of EGP 1.8 billion. The company …
Companies Investments
The contract includes the expansion of the Toshka 2 and Benban 3 substations
25 November 2019 11:23 AM Elsewedy Electric Co’s unit inks EGP 687m deal with EETC
Cairo – Mubasher: ElSewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric Co, signed a contract worth EGP 687 million with the Egyptian Electricity Transmission Company (EETC). The contract includes the expansion of the …
Companies Investments
170-kilometre overhead transmission lines will be constructed
14 November 2019 05:21 PM Elsewedy Electric Co’s unit inks EGP 995m deal with EETC
Cairo – Mubasher: Elsewedy Electric Co announced that its subsidiary ElSewedy Electric for Trading and Distribution signed an agreement worth EGP 995 million with the Egyptian Electricity Transmission Company (EETC). Under the deal, 170-kilometre …
Companies Investments
The agreement is expected to be finalised with investors in 2020
12 November 2019 00:05 PM Egypt’s sovereign fund looking to acquire 30% stake in Siemens-built power plants
Cairo – Mubasher: Egypt’s new sovereign wealth fund (SWF) aims to acquire a 30% stake in power generation plants co-established by Siemens AG, Bloomberg reported. The transaction will be part of the fund’s “project pipeline into the sector, then …
Macroeconomics
The company generated EGP 34.5 billion in revenues
11 November 2019 11:35 AM Elsewedy Electric Co’s 9M profit falls 22%
Cairo – Mubasher: Elsewedy Electric Co posed a 22% year-on-year profit drop during the first nine months of 2019, the company’s consolidated financial statements showed. Net profits retreated to EGP 2.78 billion in the January-September period, …
Financial Results
The project will be completed in 12 months
30 October 2019 00:55 PM Elsewedy Electric’s unit, Egypt’s NUCA ink EGP 365m deal
Cairo – Mubasher: El Sewedy Electric for Trade and Distribution, a subsidiary of Elsewedy Electric Co., has signed an EGP 365 million contract with the New Urban Communities Authority (NUCA).      The contract stipulates the execution of works …
Company News
Elsewedy Electric Co. logged a net profit of EGP 1.95 billion in H1
24 October 2019 11:03 AM Elsewedy Electric’s unit inks EGP 433m deals to supply electric transformers
Cairo – Mubasher: Elsewedy Electric Co. announced that its subsidiary El Sewedy Transformers has signed two contracts at a total value of EGP 433 million with the Egyptian Electricity Transmission Company (EETC). At a value of EGP 331 million, the …
Companies Investments
The transformers will be supplied over a period of five months
23 October 2019 04:09 PM EETC signs EGP 656m deals with El Sewedy Transformers, ELMACO
Cairo – Mubasher: The Egyptian Electricity Transmission Company (EETC) has signed two contracts at a combined value of EGP 656 million with El Nasr Transformers and Electrical Products Company (ELMACO) and El Sewedy Transformers, a subsidiary of …
Macroeconomics
The project will be implemented over a period of eight months
23 October 2019 03:25 PM El Sewedy Transformers inks EGP 102m deal with EETC
Cairo – Mubasher: El Sewedy Transformers, a subsidiary of Elsewedy Electric Co, has signed a contract with the Egyptian Electricity Transmission Company (EETC) to supply and install six transformers at Kafr El-Sheikh and Zizinia substations, Ahram …
Macroeconomics
Samcrete was not among the bidders aiming to build the 6th October dry port
12 September 2019 11:52 AM Egypt denies awarding contract to Hassan Allam-Samcrete consortium
Cairo – Mubasher: The Egyptian Ministry of Transport denied it has awarded the construction of the 6th October dry port tender to a consortium comprising Hassan Allam and Samcrete. The recently published news regarding this matter on one of the …
Macroeconomics
Elsewedy Electric logged a net profit of EGP 1.95 billion in H1
29 August 2019 11:46 AM Elsewedy Electric’s unit inks EGP 327m contract with EETC
Cairo – Mubasher: Elsewedy Electric Co announced that its subsidiary ElSewdy Electric for Trading and Distribution signed a new contract worth EGP 327 million with the Egyptian Electricity Transmission Company (EETC). Under the deal, the leading …
Companies Investments
Shuaa Securities sets FV for Elsewedy Electric at EGP 19.8/shr
28 August 2019 04:12 PM Research firm sets FV for Elsewedy Electric at EGP 19.8/shr
Cairo – Mubasher: Shuaa Securities has set the fair value (FV) for Elsewedy Electric Co’s stock at EGP 19.8 per share within a 12-month period. The FV was determined based on the company’s financial results for the first half of 2019 that were …
Company News
A total of 46 projects were established in Egypt
28 August 2019 03:26 PM Egypt tops Africa in construction projects in 2018 – Report
Cairo – Mubasher: Egypt topped African countries in terms of the number and value of construction projects in 2018, Deloitte’s Africa construction trends report showed.  A total of 46 projects were established in Egypt, accounting for 9.5% of the …
Macroeconomics
The project will be Africa’s largest solar energy storage system
28 August 2019 02:45 PM Elsewedy Electric, Toyota ink deal to set up 2 solar plants in Zambia
Cairo – Mubasher: Elsewedy Electric Co. signed an agreement with Toyota Tsusho for designing and building two photovoltaic solar power plants with a capacity of 50 megawatts (MW) each. The deal includes setting up a new system for storing energy …
Companies Investments