Edition:
United Kingdom

El Sewedy Electric Co SAE (SWDY.CA)

SWDY.CA on The Egyptian Exchange

13.85EGP
20 Aug 2019
Change (% chg)

£-0.09 (-0.65%)
Prev Close
£13.94
Open
£13.91
Day's High
£14.00
Day's Low
£13.74
Volume
854,132
Avg. Vol
1,398,819
52-wk High
£20.45
52-wk Low
£11.56

Latest Key Developments (Source: Significant Developments)

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
Monday, 11 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

MIDEAST STOCKS-Egypt extends gains on inflation data, Gulf dips on recession fears

* Qatar closes at lowest in nearly a year * Egypt at its highest in three and half months * Financials biggest drag on Qatar, Abu Dhabi * Real estate weak in Dubai * By Maqsood Alam Aug 14 Egyptian blue-chip stocks rose to their highest in nearly three and a half months, extending the previous session's gains, after Egypt reported better-than-expected inflation data for the month of July. Most Gulf markets traded on Wednesday after a three-day Eid h