Hisham Talaat Moustafa holds a 43.16-percent stake in the group.
Thabet is a well-known Egyptian businessman who founded and previously led Juhayna Food Industries.
The rebranding efforts follow the passing of Ghabbour.
El Sewedy Electric was founded in 1938 by the El Sewedy family.
El Sewedy Electric is one of the leading players in Egypt's electrical equipment manufacturing industry.
El-Sherbini explained that the ramp-up strategy will create added value for IDH.
El-Sherbini controls a 26.1-percent stake in the group.
The announcement follows the receipt of a $150-million loan from the International Finance Corporation.
The contract for the construction of EIPICO Factory 3 was signed through Rowad Modern Engineering.
El-Sherbini controls a significant 26.1-percent stake in Integrated Diagnostics Holdings.
