Elsewedy Electric Co SAE News - Mubasher Info
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08 April 07:30 AM

Elsewedy Electric Co SAE (SWDY)

Last update: 7 April 02:14 PM market time.
78.16
-0.73
-0.93%
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

OFID will finance the Walideya power plant in Assuit
28 December 2017 02:58 PM Elsewedy’s unit, EEHC sign EGP 570m project
Cairo – Mubasher: The Egyptian Electricity Holding Co (EEHC) has inked an EGP 570 million contract in favour of Upper Egypt Electricity Distribution Co with Elsewedy Power System Projects, a subsidiary of Elsewedy Electric Co. The agreement …
Companies Investments
EGX decided to suspend trading on Elsewedy Electric Co’s stock on Thursday
28 December 2017 00:17 PM EGX halts trades on Elsewedy Electric Thursday
Cairo – Mubasher: The Egyptian Exchange (EGX) decided to suspend trading on Elsewedy Electric Co’s stock on Thursday until the company reply to the EGX’s inquiries. The EGX is waiting for Elsewedy’s response over what was published in one of the …
Management Decisions
Elsewedy Electric’s distribution arm will design, supply, and establish 500-kilovolt overhead transmission lines for EETC
27 December 2017 00:08 PM Elsewedy unit to set up EETC interconnection project
Cairo – Mubasher: Elsewedy Electric Co for trade and distribution, a subsidiary of Elsewedy Electric Co, will establish Borg El Arab - Mersa Matruh electrically interconnection project in favor of the Egyptian Electricity Transmission Co’s …
Companies Investments
The Badr-2 project will be implemented over 12 months
26 December 2017 00:21 PM Elsewedy Electric’s unit to set up EGP 477m substation in Badr City
Cairo – Mubasher: Elsewedy Electric Co for trade and distribution, a subsidiary of Elsewedy Electric Co, has signed a contract of EGP 477 million with the New Urban Communities Authority (NUCA) to build a substation in Badr City.  The Badr-2 …
Macroeconomics
Elsewedy, NREA mull wind farm establishment in Suez
28 November 2017 02:41 PM Elsewedy, NREA mull wind farm establishment in Suez
Cairo – Mubasher: Elsewedy Electric Co and the New and Renewable Energy Authority (NREA) are in talks over building a wind farm in the Gulf of Suez. The company has not revealed any details concerning the project, Elsewedy added in a statement to …
Companies Investments
Egypt’s Elsewedy, Japan’s Marubeni to build EUR 500m wind farms in Egypt
28 November 2017 02:34 PM Egyptian-Japanese consortium to build EUR 500m wind farms
Cairo – Mubasher: A consortium of Egypt’s Elsewedy Electric and Japan’s Marubeni is planning to establish two 500-megawatt wind farms. El Sewedy, the largest listed cable company in the Arab world, will deal with Japanese institutional funds to …
Companies Investments
Elsewedy targets EGP 40bn revenues in 2017
22 November 2017 02:35 PM Elsewedy targets EGP 40bn revenues in 2017
Cairo – Mubasher: Elsewedy Electric Co aims at achieving revenues of EGP 40 billion this year, CFO Sherif El-Zeiny told Almal News. The company’s total investments stood at EGP 26 billion, El-Zeiny added. He mentioned that the firm obtains 50%, …
Corporate Actions
Photo Archive
20 November 2017 05:34 PM Pharos raises Elsewedy’s FV to EGP 155/shr
Cairo - Mubasher: Pharos Research has reiterated the ‘overweight’ recommendation on Elsewedy Electric, according to a recent report. The firm also upgraded Elsewedy Electric’s fair value (FV) to EGP 155 per share from EGP 111.5, on the back of the …
Stock Evaluations
Elsewedy aims at boosting its exports by 20% in 2018
20 November 2017 00:38 PM Elsewedy, MERE in talks over 6 wind farms
Cairo – Mubasher: Elsewedy Electric Co is currently in talks with the Ministry of Electricity and Renewable Energy over obtaining six lands under usufruct right for 25 years to operate six wind farms with a combined capacity of 100 megawatts per …
Corporate Actions
Net profit amounted to EGP 1.56 billion in Q3-17
15 November 2017 01:16 PM Higher revenues boost Elsewedy Q3 profits 111%
Cairo – Mubasher: Elsewedy Electric Co on Wednesday reported a 111% year-on-year hike in profits for the third quarter of 2017 due to higher revenues. Net profit amounted to EGP 1.56 billion in Q3-17, versus EGP 746.6 million in Q3-16, the company …
Financial Results
The MSCI conducts its semi-annual review twice a year
14 November 2017 02:23 PM Elsewedy joins MSCI, OTMT exits
Cairo – Mubasher: The Morgan Stanley Emerging Markets Index (MSCI) has announced its semi-annual review index (SIR) results for November 2017 for several Arab and GCC markets. Elsewedy Electric Co, which is listed on the Egyptian Exchange (EGX), …
Market News
Elsewedy’s EGM nods deal with EBRD, Proparco
23 October 2017 11:43 AM Elsewedy, EBRD, Proparco to install solar plant in Aswan
Cairo – Muabsher: The extraordinary general meeting (EGM) of Elsewedy Electric Co has approved partnering with the European Bank for Reconstruction and Development (EBRD) and Societe de Promotion et de Participation pour la Cooperation Economique …
Companies Investments
Elsewedy Power is 98.84% owned by Elsewedy Electric
12 September 2017 04:46 PM Elsewedy unit to export EUR 44m electricity metres
Cairo – Mubasher: Elsewedy Electric on Tuesday revealed that its subsidiary Elsewedy Power has signed an agreement with Togo-based Compagnie Energie Electrique du Togo for EUR 44 million (EGP 929.9 million). Under the deal, Elsewedy Power will …
Company News
Elsewedy Electric, Huawei ink MoU
6 September 2017 03:03 PM Elsewedy Electric, Huawei ink MoU to promote photovoltaic solar power
Cairo – Mubasher: Elsewedy Electric Co on Wednesday has signed a memorandum of understanding (MoU) with China-based Huawei Technologies Co to promote photovoltaic solar power in the MENA region. Both firms aim to provide the optimum solutions for …
Companies Investments
Elsewedy Electric Co headquarters
5 September 2017 01:18 PM Elsewedy Electric unit signs EGP 620m deal for El Mostakbal City
Cairo – Mubasher: Elsewedy Electric Co on Tuesday said that its subsidiary El Sewedy Electric for Trade and Distribution signed a contract worth EGP 620 million with El Mostakbal for Urban Development to supply the main infrastructure networks of …
Companies Investments
Elsewedy is aiming to expand across all the segments
20 August 2017 03:39 PM Elsewedy Electric to penetrate new markets - Report
Cairo – Mubasher: Elsewedy Electric is planning to enter new markets in Europe and Latin America to compensate for the decreased demand for wires and cables in the GCC states, according to a report by Pharos Research. The Egyptian firm is aiming …
Corporate Actions
Between January and June 2017, Elsewedy posted EGP 3.05 billion in profits
16 August 2017 01:08 PM Elsewedy Electric proposes EGP 8/shr dividend for H1
Cairo – Mubasher: Elsewedy Electric on Wednesday said its board has recommended a cash dividend to shareholders of EGP 8 per share for the first half of 2017. Distributions will total EGP 1.747 billion, the company’s financial statement published …
Cash Dividends
Revenues almost doubled to EGP 10.8 billion in Q2-17
16 August 2017 11:50 AM Revenues boost Elsewedy Electric’s profits 68% in Q2
Cairo – Mubasher: Elsewedy Electric on Wednesday announced achieving a 68% year-on-year growth in profits in the second quarter of 2017 on the back of higher revenues. The electric equipment firm posted EGP 1.5 billion ($80 million) in profits in …
Financial Results
MubasherTrade upgraded their rating from Hold/Moderate Risk to Buy/Moderate Risk
5 June 2017 06:05 PM MubasherTrade upgrades Elsewedy rating, raises PT
Cairo - Mubasher: MubasherTrade Research has upgraded their rating for Elsewedy Electric to Buy/Moderate Risk, and raised their price target evaluation (PT) by 38% from EGP 86.77 to EGP 119.32 per share, according to a recent report. This comes …
Ratings
Photo Credit: Company Website
24 May 2017 11:19 PM Mubasher maintains Elsewedy overweight recommendation
Cairo - Mubasher: Pharos Research has reiterated their overweight recommendation on Elsewedy Electric, with a fair value (FV) of EGP 111.5 per share, according to a recent report. The research firm attributed its recommendation and evaluation to …
Stock Evaluations
(Photo credit: Arabianeye - Reuters)
24 May 2017 10:51 AM Elsewedy Electric doubles Q1 profits
Cairo – Mubasher: Elsewedy Electric Company’s consolidated profits for the first quarter of fiscal year 2017 increased by 100.4% to EGP 1.54 billion, compared to EGP 768.7 million for Q1-16. Consolidated revenues rose in Q1-17 by 108.5% to EGP …
Financial Results
(Photo credit: Company's website)
14 May 2017 11:28 AM EBRD provides $25m loan to Elsewedy unit
Cairo – Mubasher: The European Bank for Reconstruction and Development (EBRD) said that it will provide a $25 million loan to the Egyptian copper rods manufacturer United Metals Company (UMC), a subsidiary of Elsewedy Electric. The EBRD loan will …
Companies Investments
(Photo credit: Company's website)
7 May 2017 10:30 AM Elsewedy EGM approves capital cut
Cairo – Mubasher: Elsewedy Electric Company’s extraordinary general meeting (EGM) has approved to reduce its issued capital to EGP 2.18 billion via writing off 5 million treasury stocks. Furthermore, the EGM agreed to amend articles number 6 and …
Corporate Actions
(Photo credit: Arabianeye - Reuters)
4 May 2017 11:12 AM Elsewedy unit inks 2 contracts worth EGP 3.3bn
Cairo – Mubasher: Elsewedy Electric Company said Thursday that its subsidiary El Sewedy Electric for Trade and Distribution has signed two contracts worth EGP 3.3 billion to set up two electric lines as part of connecting Upper Egypt to the …
Companies Investments
The Egyptian Exchange (Photo credit: Mubasher)
18 April 2017 11:14 AM Elsewedy OGM to discuss writing off treasury stocks 4 May
Cairo – Mubasher: Elsewedy Electric Company will hold its ordinary general meeting (OGM) on 4 May to discuss cutting its capital via writing off treasury stocks owned by the company. The OGM will also look into a proposal to distribute cash …
Event