Elsewedy Electric announced that it has entered into a partnership agreement with E-Point Zero to develop a solar energy project in Zambia with a capacity of up to 300 megawatts.

Emirates NBD Group signed a credit facility agreement with Elsewedy Electric Company at a value exceeding EGP 20 billion

The Financial Regulatory Authority (FRA) has rejected an offer submitted by UAE-based Sagasse Investment to fully acquire Elsewedy Electric Company

Elsewedy Electric Company has signed an investment agreement worth $2.5 billion with the Algerian Investment Promotion Agency.

The consolidated net profits attributable to the parent of Elsewedy Electric grew by 3.1% year-on-year (YoY) to EGP 8.694 billion in the first half (H1) of 2025, versus EGP 8.435 billion, as per the financial results.

The Egyptian Mineral Resources Authority (EMRA) has signed a memorandum of understanding (MoU) with Elsewedy Capital to explore, extract, and process phosphate ore in the Sebaia mines in the Nile Valley region.

lsewedy Electric is planning to boost its investments in Egypt's mining, green energy, exploration services, and the petrochemical industry.

Elsewedy Electric (SWDY) reported a 4.18% year-on-year (YoY) increase in consolidated net profit attributable to the parent company for the first quarter (Q1) of 2025.

Elsewedy Electric has acquired a 60% stake in Thomassen Service, extending its capabilities into gas turbine operation, maintenance, and component repair across key markets.

Elsewedy Electric’s annual general assembly approved cash dividends worth EGP 2.139 billion for 2024

Elsewedy Electric (SWDY) reported a 72.65% year-on-year (YoY) increase in consolidated net profits attributable to the parent company in 2024 to EGP 17.464 billion, compared to EGP 10.116 billion.

The Holding Company for Maritime and Land Transport (HCMLT) and Elsewedy Electric have signed a memorandum of understanding (MoU) to establish, manage, operate, and develop an integrated logistics industrial zone in Damietta Port.

An Elsewedy Electric subsidiary has signed an engineering, procurement, and construction (EPC) contract for Hungary’s largest combined cycle power plant.

Engineering for the Petroleum and Process Industries (Enppi) signed a strategic partnership agreement with Elsewedy Electric Group

Elsewedy Electric is expected to start supplying building materials to the Ras El-Hikma project on Egypt’s North Coast within two months.

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir has inaugurated the El Sewedy Telecom Cables factory

The consortium of an engineering and construction company of Elsewedy Electric has been awarded a significant contract for a 500-650 megawatt (MW) combined cycle power plant project in Hungary by the Hungarian Electricity Co. (MVM).

Elsewedy Electric has reached a financial close on a 50MW/100MWh battery energy storage system (BESS) project in Greece through its subsidiary, Energy Bank I S.A.

Electra Investment Holding RSC LTD increased its equity ownership in Elsewedy Electric (SWDY) to 20.37% from 19.98%.

Elsewedy Electric (SWDY) reported a 64.21% year-on-year (YoY) increase in consolidated net profit attributable to the parent company for the first nine months of 2024.