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El Sewedy Electric Co SAE (SWDY.CA)

SWDY.CA on Cairo Stock Exchange

15.60EGP
20 Apr 2019
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Latest Key Developments (Source: Significant Developments)

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

Egypt's El Sewedy Unit Wins Tender To Build 90 KV Substation
Thursday, 26 Apr 2018 

April 26 (Reuters) - EL SEWEDY ELECTRIC CO ::UNIT WINS TENDER TO BUILD 90 KV SUBSTATION FOR MAURITANIAN ELECTRICITY COMPANY .  Full Article

Egypt's El Sewedy Board Proposes Stock Split
Thursday, 26 Apr 2018 

April 26 (Reuters) - EL SEWEDY ELECTRIC CO ::BOARD PROPOSES STOCK SPLIT, TO CHANGE SHARE NOMINAL VALUE TO EGP 1 PER SHARE FROM EGP 10 PER SHARE.  Full Article

El Sewedy Unit Signs Contract With Egyptian Electricity Transmission
Monday, 12 Mar 2018 

March 12 (Reuters) - EL SEWEDY ELECTRIC CO ::ELSEWEDY ELECTRIC FOR TRADING & DISTRIBUTION SIGNS NEW CONTRACT WITH EGYPTIAN ELECTRICITY TRANSMISSION COMPANY.AGREEMENT IS FOR BORG EL ARAB – MARSA MATROUH 500KV POWER TRANSMISSION LINES WITH A TOTAL LENGTH OF 255 KM.TURNKEY AGREEMENT IS ON AN ENGINEERING, PROCUREMENT AND CONSTRUCTION BASIS WITH A TOTAL VALUE OF EGP 2.12 BILLION.EPC CONTRACT WILL BE IMPLEMENTED OVER SIX-MONTH PERIOD COMMENCING FROM DATE OF SIGNING AND RECEIPT OF PROJECT.  Full Article

Egypt's El Sewedy FY Consol Profit Rises
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - EL SEWEDY ELECTRIC CO ::FY CONSOL NET PROFIT EGP 6.49 BILLION VERSUS EGP 3.95 BILLION YEAR AGO.FY CONSOL REVENUE EGP 42.91 BILLION VERSUS EGP 24.64 BILLION YEAR AGO.BOARD PROPOSES CASH DIVIDEND OF EGP 8 PER SHARE FOR H2 2017.  Full Article

Egypt's El Sewedy Electric FY Profit Rises
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - EL SEWEDY ELECTRIC CO SAE ::FY CONSOL NET PROFIT EGP 6.49 BILLION VERSUS EGP 3.95 BILLION YEAR AGO.FY CONSOL REVENUE EGP 42.91 BILLION VERSUS EGP 24.64 BILLION YEAR AGO.BOARD PROPOSES CASH DIVIDEND OF EGP 8 PER SHARE FOR YEAR 2017.  Full Article

El Sewedy Says Unit Signs 5.5 Mln Kuwaiti Dinars Contract
Wednesday, 21 Feb 2018 

Feb 21 (Reuters) - EL SEWEDY ELECTRIC CO ::UNIT SIGNS 5.5 MILLION KUWAITI DINARS STREET LIGHTS CONTRACT FOR 24 MONTHS‍​.  Full Article

MIDEAST STOCKS-Oil lifts most of Gulf, top lender weighs on Egypt

* Saudi enjoys best day in over two months * 11 of 12 Saudi banks gain * Egypt's El Sewedy, Qalaa falls on exposure to Sudan * Dubai's property shares rise By Shakeel Ahmad April 17 Saudi Arabia's stock market rose on Wednesday on the back of its banks as rising oil prices lifted most major Gulf markets, while Egypt was partly dragged down by its biggest lender Commercial International Bank Brent oil hit a 2019 high above $72 a barrel on Wednesday, prope