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El Sewedy Electric Co SAE (SWDY.CA)

SWDY.CA on The Egyptian Exchange

12.84EGP
21 Sep 2019
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Latest Key Developments (Source: Significant Developments)

El Sewedy Says Zambia Selects Co, Toyota Tsusho Corp To Build Two Solar PV Projects
Thursday, 29 Aug 2019 

Aug 29 (Reuters) - El Sewedy Electric Co ::MINISTRY OF ENERGY OF ZAMBIA SELECTS CO AND TOYOTA TSUSHO CORP TO BUILD TWO SOLAR PV PROJECTS OF 100MW WITH BATTERY STORAGE.BOTH ARE EPC+FINANCE PROJECTS.FINANCE FROM JAPAN BANK OF INTERNATIONAL COOPERATION.  Full Article

Egypt's El Sewedy Electric Q2 Consol Profit Falls
Monday, 26 Aug 2019 

Aug 26 (Reuters) - EL SEWEDY ELECTRIC CO ::Q2 CONSOL NET PROFIT ATTRIBUTABLE EGP 930.9 MILLION VERSUS EGP 972 MILLION YEAR AGO.Q2 CONSOL REVENUE EGP 10.33 BILLION VERSUS EGP 10.12 BILLION YEAR AGO.H1 CONSOL NET PROFIT EGP 1.95 BILLION VERSUS EGP 2.42 BILLION YEAR AGO.  Full Article

El Sewedy Electric H1 Standalone Profit Rises
Monday, 26 Aug 2019 

Aug 26 (Reuters) - EL SEWEDY ELECTRIC CO ::H1 STANDALONE NET PROFIT EGP 2.08 BILLION VERSUS EGP 1.02 BILLION YEAR AGO.  Full Article

El Sewedy Electric Board Approves To Obtain Loans
Tuesday, 28 May 2019 

May 28 (Reuters) - EL SEWEDY ELECTRIC CO ::BOARD APPROVES TO OBTAIN LOAN OF 42 MILLION EUROS FROM NATIONAL BANK OF GREECE.BOARD APPROVES TERM SHEET ON CREDIT FACILITY AGREEMENT INTENDED TO BE SIGNED WITH AFREXIMBANK FOR UPTO $350 MILLION.BOARD APPROVES SIGNING FACILITY CONTRACT WITH BANQUE MISR FOR $100 MILLION FOR ISSUING LETTERS OF GUARANTEE IN TANZANIA.BOARD APPROVES TO ESTABLISH NEW COMPANY IN UAE OR TO ACQUIRE AN EXISTING COMPANY.  Full Article

Egypt's El Sewedy Electric Q1 Consol Profit Falls
Tuesday, 28 May 2019 

May 28 (Reuters) - EL SEWEDY ELECTRIC CO ::Q1 CONSOL NET PROFIT EGP 995.5 MILLION VERSUS EGP 1.43 BILLION YEAR AGO.Q1 CONSOL REVENUE EGP 11.22 BILLION VERSUS EGP 9.98 BILLION YEAR AGO.  Full Article

El Sewedy Unit Signs Contract To Build Substation, Transmission Line For Canal Sugar Co
Tuesday, 30 Apr 2019 

April 30 (Reuters) - EL SEWEDY ELECTRIC CO ::UNIT ELSEWEDY ELECTRIC FOR TRADING & DISTRIBUTION SIGNS NEW CONTRACT WITH EGP 445 MILLION TO BUILD SUBSTATION AND A TRANSMISSION LINE FOR CANAL SUGAR COMPANY IN EGYPT.TURNKEY AGREEMENT IS ON EPC BASIS WITH A TOTAL VALUE OF EGP 445 MILLION.EPC CONTRACT WILL BE IMPLEMENTED OVER A TEN-MONTH PERIOD COMMENCING FROM DATE OF SIGNING CONTRACT AND RECEIVING ADVANCE PAYMENT.  Full Article

El Sewedy Electric Says Unit Signs About EGP 550 Mln Contract
Thursday, 11 Apr 2019 

April 11 (Reuters) - EL SEWEDY ELECTRIC CO SAE ::SAYS UNIT EL SEWEDY ELECTRIC FOR TRADE AND DISTRIBUTION SIGNS CONTRACT WORTH ABOUT EGP 550 MILLION FOR CONSTRUCTION OF TRANSFORMER STATION IN EASTERN INDUSTRIAL ZONE OF PORT SAID.SAYS PROJECT IMPLEMENTATION PERIOD 10 MONTHS FROM DATE OF SITE HANDEROVER AND RECEIPT OF ADVANCE PAYMENT WHICHEVER IS LATER.  Full Article

El Sewedy Gets Regulatory Approval In Tanzania To Register JV With Arab Contractors
Wednesday, 27 Mar 2019 

March 28 (Reuters) - EL SEWEDY ELECTRIC CO ::GETS REGULATORY APPROVAL IN TANZANIA TO REGISTER JV WITH ARAB CONTRACTORS CO TO IMPLEMENT EPC CONTRACT FOR RUFIJI DAM & HYDROPOWER PLANT.  Full Article

El Sewedy Electric Clarifies News On Two Power Plants Project
Tuesday, 12 Mar 2019 

March 12 (Reuters) - EL SEWEDY ELECTRIC CO ::COMMENTS ON MEDIA REPORTS ABOUT INITIAL CONTRACT BETWEEN CO, JAPAN'S MARUBENI AND UAE'S MASDAR FOR TWO POWER PLANTS CONSTRUCTION.SAYS STILL STUDYING WITH NEW AND RENEWABLE ENERGY AUTHORITY, FINAL PROJECT VALUE NOT DETERMINED YET.  Full Article

El Sewedy Unit Signs Contract To Develop Industrial City At Ain Sokhna Economic Zone
Sunday, 9 Dec 2018 

Dec 9 (Reuters) - EL SEWEDY ELECTRIC CO ::UNIT SIGNS CONTRACT WITH GENERAL AUTHORITY FOR SUEZ CANAL ECONOMIC ZONE TO DEVELOP LAND AT AIN SOKHNA ECONOMIC ZONE.SAYS INVESTMENT COST OF PROJECT ESTIMATED TO BE EGP 10 BILLION.UNIT TO CONSTRUCT AN INDUSTRIAL CITY ON THE LAND AND MARKET IT AT INTERNATIONAL AND DOMESTIC LEVEL.  Full Article

MIDEAST STOCKS-Egypt snaps losing streak while most of Gulf slips

* Saudi's Advanced Petrochemical gains on govt project win * Fitaihi Holding climbs on plans to acquire medical units * Egypt snaps six-day losing streak * Shuaa Capital rises on merger with ADFG By Shakeel Ahmad June 26 Egypt's stock market ended six straight days of losses on Wednesday, while Gulf bourses mostly dropped as regional political concerns persisted. Egypt's blue-chip index traded 1.3% higher. El Sewedy Electric and real estate investment