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El Sewedy Electric Co SAE (SWDY.CA)

SWDY.CA on Cairo Stock Exchange

18.07EGP
15 Jan 2019
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Latest Key Developments (Source: Significant Developments)

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

Egypt's El Sewedy Electric 9-Month Standalone Profit Falls
Monday, 19 Nov 2018 

Nov 19 (Reuters) - EL SEWEDY ELECTRIC CO ::NINE-MONTH STANDALONE NET PROFIT EGP 1.91 BILLION VERSUS EGP 2.57 BILLION YEAR AGO.  Full Article

Egypt's El Sewedy Electric Q3 Consol Profit Falls
Monday, 19 Nov 2018 

Nov 19 (Reuters) - EL SEWEDY ELECTRIC CO ::Q3 CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 1.13 BILLION VERSUS EGP 1.56 BILLION YEAR AGO.Q3 CONSOL REVENUE EGP 10.21 BILLION VERSUS EGP 11.46 BILLION YEAR AGO.NINE-MONTH CONSOL NET PROFIT EGP 3.58 BILLION VERSUS EGP 4.63 BILLION YEAR AGO.  Full Article

Egypt's El Sewedy Updates On Hydropower Project Tender By Tanzanian Ministry Of Energy
Monday, 22 Oct 2018 

Oct 22 (Reuters) - EL SEWEDY ELECTRIC CO ::UPDATES ON OFFER BY CO AND ARAB CONTRACTORS FOR TENDER OF TANZANIAN MINISTRY OF ENERGY FOR CONSTRUCTION OF HYDROPOWER PROJECT.SAYS TANZANIAN PARTY HAS GIVEN INITIAL APPROVAL TO START NEGOTIATIONS.  Full Article

El Sewedy Unit Wins Project To Develop Regional Control Center
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - EL SEWEDY ELECTRIC CO ::UNIT IN PARTNERSHIP WITH ABB SWITZERLAND AND ABB ARAB WINS PROJECT.CONTRACT IS TO DEVELOP REGIONAL CONTROL CENTER.SAYS UNIT'S SHARE IN PROJECT IS EGP 138 MILLION.SAYS TO IMPLEMENT PROJECT DURING 12 MONTHS.  Full Article

El Sewedy Says Unit Wins Contracts For Electricity Network In Mauritania
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - EL SEWEDY ELECTRIC CO ::UNIT ELSEWEDY ELECTRIC COMPANY FOR TRANSMISSION WINS TWO CONTRACTS TO BUILD ELECTRICITY NETWORK IN MAURITANIA FOR $19.8 MILLION.  Full Article

El Sewedy Electric's Unit Signs EGP 430 Mln Contract To Supply Cables
Wednesday, 11 Jul 2018 

July 11 (Reuters) - EL SEWEDY ELECTRIC CO SAE ::SAYS UNIT EGYTECH SIGNS CONTRACT WITH EGYPT ELECTRICITY TRANSMISSION COMPANY.SAYS UNIT'S CONTRACT WITH EGYPT ELECTRICITY TRANSMISSION CO IS FOR EGP 430 MILLION TO SUPPLY LAND CABLES.  Full Article

ElSewedy Electric Says Units Sign Development Contract With IDA
Sunday, 8 Jul 2018 

July 8 (Reuters) - EL SEWEDY ELECTRIC CO SAE ::SAYS UNIT SDM FOR DEVELOPMENT AND MANAGEMENT SINGS EGP 440 MILLION DEVELOPMENT CONTRACT WITH INDUSTRIAL DEVELOPMENT AUTHORITY (IDA) FOR 2 MILLION SQM AREA.SAYS UNIT PYRAMIDS INDUSTRIAL PARKS SINGS EGP 440 MILLION DEVELOPMENT CONTRACT WITH INDUSTRIAL DEVELOPMENT AUTHORITY FOR 2 MILLION SQM AREA.  Full Article

MIDEAST STOCKS-Qatar hits highest in nearly 2 years, financials lift most Gulf markets

* Qatar index at its highest level since March 2017 * 14 of 20 stocks on Qatar index rise * Saudi's Al Khodari gains after plan to cut accumulated losses By Abinaya Vijayaraghavan Jan 10 The Qatar stock market hit its highest level in nearly two years on Thursday, as financial stocks boosted most major Gulf bourses ahead of corporate earnings announcements next week. Saudi's main index gained 0.8 percent, aided by a 1.6 percent rise in Al Rajhi Bank and a 1.