Egypt’s El-Sewedy family gains $88.91 million as consolidated profit in Q1 2024
Since its founding, the company has grown into a regional and international provider of energy, digital, and infrastructure solutions.
Egypt's billionaire El-Sewedy family
Egypt’s billionaire El-Sewedy family gains nearly $120 million in 10 days
The family’s joint stake in Elsewedy Electric has risen from EGP45.9 billion ($968.4 billion) on April 30 to EGP51.49 billion ($1.09 billion).
Egypt’s El-Sewedy family loses $136.5 million from Elsewedy Electric shares
Despite this financial setback of EGP136.55 billion ($136.53 million), the El-Sewedy family remains one of Egypt’s leading billionaire families.