Elsewedy Electric considers spending EGP 5B CAPEX in 2024

Updated 5/12/2024 10:42:00 AM
Elsewedy Electric considers spending EGP 5B CAPEX in 2024

Arab Finance: Elsewedy Electric (SWDY) is considering allocating EGP 5 billion as capital expenditures (CAPEX) in 2024 as part of the firm’s budget, according to a statement on May 12th.

This CAPEX will be dedicated to completing the ongoing investment projects and ramping up the production capacity of the company’s factories, including one in Saudi Arabia, the statement read.

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