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El Sewedy Electric Co SAE (SWDY.CA)

SWDY.CA on Cairo Stock Exchange

16.05EGP
24 Mar 2019
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Latest Key Developments (Source: Significant Developments)

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

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

MIDEAST STOCKS-Saudi index retreats from multi-year peak; Gulf rivals also fall

* Petrochemicals and banks weigh on Saudi index * SHUAA Capital surges on merger talks * Banking shares fall in Abu Dhabi DUBAI, March 24 Saudi Arabia's stock market closed lower on Sunday, along with other Gulf markets, having ended the previous week at its highest in nearly four years after inclusion in the FTSE Russell's emerging-market index. Saudi's Tadawul index will have a weighting of 2.9 percent in the FTSE Emerging All Cap Index and this year will join