Edition:
United Kingdom

El Sewedy Electric Co SAE (SWDY.CA)

SWDY.CA on The Egyptian Exchange

14.31EGP
21 May 2019
Change (% chg)

£0.41 (+2.95%)
Prev Close
£13.90
Open
£13.98
Day's High
£14.39
Day's Low
£13.98
Volume
1,213,783
Avg. Vol
1,643,011
52-wk High
£22.65
52-wk Low
£12.81

Latest Key Developments (Source: Significant Developments)

Egypt's El Sewedy Signs Partnership Agreement With SCZone To Establish New Company
Tuesday, 21 May 2019 

May 21 (Reuters) - EL SEWEDY ELECTRIC CO ::SIGNS PARTNERSHIP AGREEMENT WITH GENERAL AUTHORITY FOR SUEZ CANAL ECONOMIC ZONE TO ESTABLISH NEW COMPANY.NEW COMPANY TO HAVE ISSUED CAPITAL OF EGP 1 BILLION.CO WILL HAVE 49% SHARE IN NEW COMPANY.NEW COMPANY TO INVEST IN DESIGNING, CONTRUCTION, OPERATING AND MAINTAINING INFRASTRUCTURE PROJECTS.NEW COMPANY TO UPGRADE UTILITY MASTER PLAN INSIDE SCZONE ACCORDING TO FUTURE AND CURRENT UTILITY REQUIRMENTS.  Full Article

Egypt's El Sewedy Says Unit Signs EGP 1.7 Bln Contract With EETC
Wednesday, 3 Apr 2019 

April 4 (Reuters) - EL SEWEDY ELECTRIC CO ::ELSEWEDY ELECTRIC FOR TRADING & DISTRIBUTION SIGNS CONTRACT WITH EGYPTIAN ELECTRICITY TRANSMISSION COMPANY (EETC) WITH EGP 1.7 BILLION.UNIT SIGNS AGREEMENT WITH EETC FOR BENBAN-NAGA HAMADY TWO LOTS 500KV OVERHEAD TRANSMISSION LINES WITH A TOTAL LENGTH OF 195 KM.AGREEMENT IS ON AN ENGINEERING, PROCUREMENT AND CONSTRUCTION (EPC) BASIS.EPC CONTRACT WILL BE IMPLEMENTED OVER A SIX-MONTH PERIOD COMMENCING FROM THE DATE OF SIGNING THE CONTRACT.  Full Article

El Sewedy Says SEWA Awards Combined Cycle Power Plant EPC Contract To Consortium
Sunday, 31 Mar 2019 

March 31 (Reuters) - EL SEWEDY ELECTRIC CO ::IN CONSORTIUM WITH MITSUBISHI HITACHI POWER SYSTEMS (MHPS), ANNOUNCES SHARJAH ELECTRICITY AND WATER AUTHORITY (SEWA) AWARD FOR EPC CONTRACT OF AL LAYYAH COMBINED CYCLE POWER PLANT.CONTRACT VALUE OF APPROX $550 MILLION.CO'S SCOPE OF WORK, REPRESENTING APPROX. 65% OF PROJECT WORKS, INCLUDES ENGINEERING, PROCUREMENT AND INSTALLATION OF BALANCE OF PLANT.CONTRCT IS FOR 1,026.3 MEGAWATT GAS-FIRED COMBINED CYCLE POWER PROJECT IN AL LAYYAH AND SHALL START PRODUCING ENERGY BY 2020.PROJECT COMPLETION AND STARTUP SCHEDULED FOR MID-2021.FIRST EPC-PLUS-FINANCE POWER PROJECT IN UAE WITH JAPAN'S ECA SUPPORT.JAPAN'S EXPORT CREDIT AGENCY, JBIC SIGNED BUYER'S CREDIT AGREEMENT WITH SEWA FOR THE PROJECT.SAYS PROJECT CO-FINANCED PORTION WILL BE COVERED BY INSURANCE FROM JAPAN'S NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI ).  Full Article

El Sewedy Board Approves Terms Of Revolving Facility Agreement With Afreximbunk
Sunday, 10 Mar 2019 

March 10 (Reuters) - EL SEWEDY ELECTRIC CO ::BOARD APPROVES TERMS AND CONDITIONS OF MULTI- PURPOSE REVOLVING FACILITY AGREEMENT BETWEEN CO AND AFREXIMBUNK.SAYS REVOLVING FACILITY FOR UPTO $150 MILLION.  Full Article

El Sewedy Electric Co Board Proposes FY Dividend
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - EL SEWEDY ELECTRIC CO SAE ::BOARD PROPOSES FY CASH DIVIDEND OF 80 QIRSH PER SHARE.  Full Article

Egypt's El Sewedy Electric FY Consol Profit Falls
Tuesday, 26 Feb 2019 

Feb 27 (Reuters) - EL SEWEDY ELECTRIC CO ::FY CONSOL NET PROFIT EGP 5.11 BILLION VERSUS EGP 6.49 BILLION YEAR AGO.FY CONSOL REVENUE EGP 42.49 BILLION VERSUS EGP 42.91 BILLION YEAR AGO.  Full Article

El Sewedy Signs Partnership With MND To Develop Cable Transport In Egypt
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - EL SEWEDY ELECTRIC CO ::SAYS PARTNERSHIP BETWEEN THE FRENCH GROUP MND AND EGYPTIAN ELSEWEDY ELECTRIC TO DEVELOP CABLE TRANSPORT IN EGYP.SAYS PARTNERSHIP AGREEMENT TO DEVELOP AND COMMERCIALIZE CABLE TRANSPORT SOLUTIONS FOR TOURISM AND URBAN MOBILITY IN EGYPT.  Full Article

Egypt's El Sewedy To Form New Company Or Open Branch In Tanzania
Monday, 17 Dec 2018 

Dec 17 (Reuters) - EL SEWEDY ELECTRIC CO ::BOARD APPROVES TO FORM A NEW CO INDEPENDENTLY OR IN PARTNERSHIP WITH OTHERS OR TO ENTER AS PARTNER OR OPEN NEW BRANCH IN TANZANIA.DECISION TO FORM CO IS RELATED TO EPC CONTRACT FOR RUFIJI DAM AND HYDROPOWER PLANT PROJECT.  Full Article

El Sewedy, Arab Contractors To Build Dam, Hydropower Plant In Tanzania
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - EL SEWEDY ELECTRIC CO ::JOINT VENTURE OF ARAB CONTRACTORS AND CO SIGNS $2.9 BILLION EPC CONTRACT FOR RUFIJI DAM & HYDROPOWER PLANT IN TANZANIA.PROJECT SHALL START PRODUCING ENERGY BY APRIL 2022, WITH PROJECT COMPLETION EXPECTED WITHIN 36 MONTHS AFTER 6 MONTHS MOBILIZATION PERIOD.  Full Article

Egypt's El Sewedy Says No Impact of Custom Dollar Rate On Business
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - EL SEWEDY ELECTRIC CO ::SAYS CUSTOM DOLLAR RATE WILL NOT HAVE IMPACT ON CO'S BUSINESS AND RESULTS.  Full Article

MIDEAST STOCKS-Financials, property elevate Dubai, most of Gulf up

* All real estate firms gain in Dubai * Saudi's Arabian Centres slides in market debut * Lender FAB weighs on Abu Dhabi * El Sewedy continues to gain on new firm establishment By Ateeq Shariff May 22 Dubai's stock market rose sharply on Wednesday, buoyed by financial and real estate shares, to lead gains in most major Gulf bourses. Dubai's index closed 1.8% higher with all its real estate shares gaining. Blue-chip developer Emaar Properties added 2.6%