
Ahmed El-Sewedy’s Elsewedy Electric takes stake to grow oil and gas portfolio
The deal is set to strengthen Elsewedy Electric’s energy solutions portfolio and open up new opportunities in fast-growing markets.
The deal is set to strengthen Elsewedy Electric’s energy solutions portfolio and open up new opportunities in fast-growing markets.
The brothers’ combined stake in the company is now valued at nearly $1.8 billion, a testament to their deep influence in the industry.
This marks a significant step in Elsewedy Electric’s expansion into Europe, reinforcing its presence in the global energy infrastructure market.
The facility marks a major step in expanding Egypt’s telecom infrastructure and solidifying the country’s position as a regional manufacturing hub.
This recent surge adds to an impressive $304 million gain in 2024.
The landmark deal will establish a state-of-the-art private free zone in Industria Sadat, spanning 50,000 square meters.
Its strong presence across the Middle East and Africa has cemented its status as one of the country’s leading industrial players.
The El-Sewedys, founders of the electrical equipment manufacturing powerhouse, collectively hold a 51.05 percent stake in Elsewedy Electric.
Ahmed El-Sewedy, CEO of Elsewedy Electric, and his brother Sadek, the company’s non-executive chairman, hold a majority 51.05 percent stake.
The rise in the El-Sewedy brothers' fortunes is attributed to an 80.6-percent increase in Elsewedy Electric's share price.