Elsewedy Electric Power Systems Projects (Elsewedy Electric PSP) has a financing and partnership agreement with the Commercial International Bank Egypt (CIB) to obtain a €58 million ($62.9 million) credit facility to support its 500-650 megawatt (MW) combined-cycle power plant in Hungary.

Madinet Masr For Housing and Development (MASR) has signed a memorandum of understanding (MoU) with Elswedy Electric (SWDY) and its subsidiary Elswedy Electric Infrastructure to carry out advanced infrastructure works at the Elan project within the Sarai development in East Cairo.

Egypt Cables Company, a subsidiary of Elsewedy Electric, has signed a KWD 18.7 million contract valued with Kuwait’s Public Authority for Housing Welfare.

Elsewedy Electric, a Cairo-based integrated energy and infrastructure solutions provider, announced that it has been awarded a $51 million contract in Angola.

Elsewedy Electric intends to establish new factories in Saudi Arabia across the energy and infrastructure sectors, with investments exceeding SAR 1.5 billion.

The National Authority for Tunnels (NAT) has signed an operations and maintenance contract with a joint venture between Deutsche Bahn International Operations and Elsewedy Electric for Egypt’s high-speed rail network, as per a disclosure.

Elsewedy Electric announced that it has entered into a partnership agreement with E-Point Zero to develop a solar energy project in Zambia with a capacity of up to 300 megawatts.

Emirates NBD Group signed a credit facility agreement with Elsewedy Electric Company at a value exceeding EGP 20 billion

The Financial Regulatory Authority (FRA) has rejected an offer submitted by UAE-based Sagasse Investment to fully acquire Elsewedy Electric Company

Elsewedy Electric Company has signed an investment agreement worth $2.5 billion with the Algerian Investment Promotion Agency.

The consolidated net profits attributable to the parent of Elsewedy Electric grew by 3.1% year-on-year (YoY) to EGP 8.694 billion in the first half (H1) of 2025, versus EGP 8.435 billion, as per the financial results.

The Egyptian Mineral Resources Authority (EMRA) has signed a memorandum of understanding (MoU) with Elsewedy Capital to explore, extract, and process phosphate ore in the Sebaia mines in the Nile Valley region.

lsewedy Electric is planning to boost its investments in Egypt's mining, green energy, exploration services, and the petrochemical industry.

Elsewedy Electric (SWDY) reported a 4.18% year-on-year (YoY) increase in consolidated net profit attributable to the parent company for the first quarter (Q1) of 2025.

Elsewedy Electric has acquired a 60% stake in Thomassen Service, extending its capabilities into gas turbine operation, maintenance, and component repair across key markets.

Elsewedy Electric’s annual general assembly approved cash dividends worth EGP 2.139 billion for 2024

Elsewedy Electric (SWDY) reported a 72.65% year-on-year (YoY) increase in consolidated net profits attributable to the parent company in 2024 to EGP 17.464 billion, compared to EGP 10.116 billion.

The Holding Company for Maritime and Land Transport (HCMLT) and Elsewedy Electric have signed a memorandum of understanding (MoU) to establish, manage, operate, and develop an integrated logistics industrial zone in Damietta Port.

An Elsewedy Electric subsidiary has signed an engineering, procurement, and construction (EPC) contract for Hungary’s largest combined cycle power plant.

Engineering for the Petroleum and Process Industries (Enppi) signed a strategic partnership agreement with Elsewedy Electric Group