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Egyptian businessman Mohammed El-Sewedy's stake in electric giant surges by $45 million

Summary by Billionaires.Africa

Key PointsMohammed El-Sewedy’s stake in Elsewedy Electric has surged by $45.8 million this year, reaching $624 million amid a stock rally.The company’s stock climbed 7.92% in 2024, pushing its market capitalization beyond $3 billion and delivering strong shareholder returns.Founded in 1938, the company remains a key player in Egypt’s energy sector, supplying cables, transformers, and wind energy solutions.Egyptian businessman Mohammed El-Sewedy …

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Egyptian businessman Mohammed El-Sewedy's stake in electric giant surges by $45 million

3 days ago

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Billionaires.Africa broke the news in 3 days ago on Wednesday, February 19, 2025.

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Egyptian businessman Mohammed El-Sewedy's stake in electric giant surges by $45 million

1 Articles

1 Articles

Egyptian businessman Mohammed El-Sewedy's stake in electric giant surges by $45 million

Egyptian businessman Mohammed El-Sewedy's stake in electric giant surges by $45 million

Coverage Details

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Ownership

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