Elsewedy Electric Co SAE News - Mubasher Info
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11 April 07:06 AM

Elsewedy Electric Co SAE (SWDY)

Last update: 9 April 02:29 PM market time.
81.39
2.19
2.77%
Open 79.20
Previous Close 79.20
High 81.45
Low 78.80
Stock Statistics
Volume 377,084
Turnover 30,279,606.00
All data are 15 minutes late during market session

News

The dam is set for completion in four years
23 October 2018 00:20 PM Elsewedy Electric to begin construction of Tanzanian dam in 5M
Cairo – Mubasher: Elsewedy Electric Co, along with Arab Contractors, will commence the construction work of Stiegler's Gorge dam in Tanzania within five months. The dam is set for completion in four years and it will offer several opportunities …
Macroeconomics
The final value of the project has not been set yet
22 October 2018 01:13 PM Elsewedy, Arab Contractors to build power plant in Tanzania
Cairo – Mubasher: A consortium of Elsewedy Electric Co and Arab Contractors have received the preliminary approval to commence the construction of a hydroelectric power plant in Tanzania. The alliance previously submitted an offer to the global …
Macroeconomics
The consortium's two other firms comprise ABB Switzerland and ABB Arab
26 September 2018 00:00 PM Elsewedy Electric’s consortium wins EGP 138m contract
Cairo – Mubasher: Elsewedy Electric on Wednesday announced that a consortium of its subsidiary, El Sewedy Electric for Trade and Distribution, and two other companies has won an EGP 138 million contract for the development of the regional control …
Companies Investments
Construction of the project is set to commence within 18 months from receiving an advanced payment and the location
29 August 2018 11:41 AM Elsewedy Electric’s unit wins $19.8m contracts in Mauritania
Cairo – Mubasher: Elsewedy Electric on Wednesday said that its subsidiary El Sewedy Electric for Transmission has won two contracts to build electric grids in Mauritania at a combined cost of $19.8 million. The first contract covers building a …
Companies Investments
Revenues fell to EGP 20.1 billion in the six-month period ended June
14 August 2018 00:36 PM Elsewedy Electric profits slump 21% in H1
Cairo – Mubasher: Elsewedy Electric on Tuesday reported a 20.9% year-on-year decline in its consolidated profits during the first half of 2018, recording a net profit of EGP 2.41 billion from EGP 3.05 billion. Revenues fell to EGP 20.1 billion in …
Financial Results
Tanzania is looking to build the biggest hydroelectric dam in East Africa
19 July 2018 02:55 PM Elsewedy, Arab Contractors race for Tanzania’s hydroelectric dam construction
Cairo – Mubasher: Elsewedy Electric will partner up with Arab Contractors and a number of firms to compete for the construction of a hydroelectric dam in Tanzania, CEO Ahmed El Sewedy said. Tanzania is looking to build the biggest hydroelectric …
Companies Investments
Elsewedy Electric holds a 99.98% stake in Egytech Cables.
11 July 2018 00:45 PM Elsewedy Electric’s unit, EETC ink EGP 430m deal
Cairo – Mubasher: Egytech Cables A1, a subsidiary of Elsewedy Electric Co, has signed an EGP 439 million contract with Egyptian Electricity Transmission Company (EETC) to supply and install ground cables. Upon the deal, the company will supply and …
Companies Investments
Elsewedy noted that the deals were signed last Thursday, 5 July.
8 July 2018 01:15 PM Elsewedy units, IDA ink EGP880m deals
Cairo – Mubasher: Elsewedy Electric on Sunday announced that two of its units have signed a deal with the Industrial Development Authority (IDA) to develop 4 million square metre lands at a value of EGP 880. SDM for development and management, …
Companies Investments
Elsewedy Electric attributed the drop in profits to a growth in costs
6 June 2018 00:14 PM Higher costs push down Elsewedy Electric's Q1 profit
Cairo – Mubasher: The financial indicators of Elsewedy Electric on Wednesday showed a 7% year-on-year decrease in its consolidated profits during the first quarter of 2018, recording a profit of EGP 1.4 billion, compared to EGP 1.53 billion during …
Financial Results
EGM of Elsewedy Electric has approved to split the nominal value of the share to EGP 1
23 May 2018 01:26 PM Elsewedy Electric EGM nods to stock split
Cairo – Mubasher: The extraordinary general meeting (EGM) of Elsewedy Electric has approved to split the nominal value of the share to EGP 1, instead of EGP 10. The ordinary general meeting (OGM) approved the distribution of EGP 1.74 billion in …
Corporate Actions
This move aims to raise trading on the stock through boosting its equity base
26 April 2018 00:25 PM Elsewedy Electric proposes stock split
Cairo – Mubasher: The board of Elsewedy Electric Co has approved to split the nominal value of the share to EGP 1 from EGP 10. This move aims to raise trading on the stock through boosting its equity base and slashing its market value, which will …
Corporate Actions
The project aims to provide approximately 30 districts with electricity in Aftout El-Chargui, Nouakchott
26 April 2018 11:09 AM Elsewedy Electric wins $20m bid for electricity generation in Mauritania
Cairo – Mubasher: El Sewedy Electric Co has won a $20 million international tender for the rural electrification project in Mauritania. The project aims to provide approximately 30 districts with electricity in Aftout El-Chargui, Nouakchott, …
Companies Investments
The alliance aims at executing the two wind farms with a total production capacity of 500 MWs
2 April 2018 11:56 AM Elsewedy’s consortium to build 2 wind farms at $900m
Cairo – Mubasher: A three-company consortium, comprising Egypt’s Elsewedy Electric, Japan’s Marubeni Corporation, and the UAE’s Abu Dhabi Future Energy Company (Masdar), seeks to obtain a credit facility to establish two wind farms with $900 …
Companies Investments
Elsewedy Electric owns a 99.80% stake in Elsewedy Electric Co for trade and distribution
27 March 2018 11:11 AM Elsewedy Electric unit inks EGP 225m deal
Cairo – Mubasher: Egytech Cables, a subsidiary of Elsewedy Electric, has signed an EGP 225 million contract with Egyptian Electricity Transmission Company (EETC) for substation projects. Under the agreement, power transformers at Imbaba’s plant …
Companies Investments
The Egyptian market is very promising
18 March 2018 05:22 PM Egypt’s supply ministry to establish logistics zones
Cairo – Mubasher: Supply minister Ali Al Moselhi has met top officials from Elsewedy Electric, Majid Al Futtaim, and Carrefour Egypt to discuss the investment opportunities in new mega-markets and logistics hubs, according to an official …
Companies Investments
Elsewedy Electric’s arm wins EGP 1.23bn substation contract
13 March 2018 00:25 PM Elsewedy Electric’s arm wins EGP 1.23bn substation contract
Cairo – Mubasher: Elsewedy Electric on Tuesday announced it signed an EGP 1.23 billion contract to build a 500-kilowatt power transformers plant in the New Administrative Capital. The company’s unit, El Sewedy Electric for Trade and Distribution, …
Companies Investments
The project will be executed within six months starting from the signing date on 11 March
12 March 2018 00:46 PM Elsewedy Electric’s unit inks EGP 2.12bn interconnection project
Cairo – Mubasher: El Sewedy Electric for Trade and Distribution, a subsidiary of Elsewedy Electric Co has signed an EGP 2.12 billion contract to implement Borg El Arab - Mersa Matruh electrically link-up project. The project will be executed …
Companies Investments
Elsewedy Electric is set to finalise the project in six months
6 March 2018 01:37 PM Elsewedy Electric, EEHC to set up EGP3.6m power lines in El-Dabaa
Cairo – Mubasher: Egyptian Electricity Holding Co (EEHC) has signed an agreement with Elsewedy Electric Co to set up power lines at a total value of EGP 3.6 billion. These lines will be used to link El Dabaa Nuclear Power Plant, planned to be …
Macroeconomics
Elsewedy achieved a growth of 64% in profits in FY17
28 February 2018 00:40 PM Elsewedy’s board proposes EGP 1.74bn dividends for FY17
Cairo – Mubasher: The board members of Elsewedy Electric Co has recommended a cash dividend of EGP 8 per share for the fiscal year 2017. The Egypt-listed firm proposed paying a total of EGP 1.74 billion to the entitled shareholders, while an …
Board of Directors
The standalone profits increased to EGP 4.2 billion in FY17
28 February 2018 00:20 PM Elsewedy FY17 profits surge 64% on higher revenues
Cairo – Mubasher: The consolidated income statements of Elsewedy Electric Co showed a growth of 64% in profits during the fiscal year 2017 compared to the previous year. Earnings soared to EGP 6.4 billion in FY17 from EGP 3.9 billion in FY16, …
Financial Results
The project is set to be executed over 24 months
21 February 2018 00:01 PM Elsewedy Electric’s unit inks $18.4m project in Kuwait
Cairo – Mubasher: Sewedy Electric Engineering and Trade, a subsidiary of Elsewedy Electric Co, has signed a KWD 5.5 million ($18.4 million) contract to implement a lighting system in Kuwait. Upon the contract, Sewedy Electric Engineering, in which …
Macroeconomics
The contract covers developing 1.4 million metres in Sadat City
18 February 2018 01:28 PM Elsewedy’s subsidiary inks EGP 266m property deal
Cairo – Mubasher: Elsewedy Electric Co clarified that its subsidiary, SDM for Development and Management, has signed a contract to develop a land space in Sadat City for a total value of EGP 266 million. The contract covers developing 1.4 million …
Companies Investments
The plant is scheduled to commence generating electricity in 2020
7 February 2018 11:34 AM Egyptian-German consortium wins $300m power contract in Dubai
Cairo – Mubasher: Dubai Electricity and Water Authority (DEWA) has awarded about a $300 million contract for the construction of the fourth phase of H-Station in Al Aweer, Dubai to a consortium of Egypt’s Elsewedy Electric Co and Germany’s …
Companies Investments
The final value of the aforementioned project has not been set yet.
1 February 2018 00:25 PM Elsewedy in talks over merging 2 wind projects in Egypt
Cairo – Mubasher: Elsewedy Electric is in talks with the New and Renewable Energy Authority (NREA) over merging two projects in Egypt in collaboration with Japanese and Emirati firms. The largest listed cable company in the Arab world will reveal …
Macroeconomics
The second project will be executed by Masdar
18 January 2018 00:12 PM Energy consortium to build wind power plants in Egypt
Cairo – Mubasher: A three-company consortium on Thursday has signed a preliminary agreement to merge and develop two wind energy projects in Egypt. The energy consortium comprises Egypt’s Elsewedy Electric, Japan’s Marubeni Corporation, and the …
Companies Investments