El-Sewedy family set for $58 million dividend from Elsewedy Electric

Egyptian billionaire El-Sewedy family, among the wealthiest in the Middle East and North Africa, is set for a $58.3 million payday after Elsewedy Electric, the Cairo-based multinational cable and electrical equipment manufacturer, declared a cash dividend of nearly $75 million on the back of strong growth across its cables, engineering and digital businesses.

Elsewedy Electric raises dividend
Elsewedy Electric, based in Cairo, announced a dividend of EGP3.96 billion ($74.53 million) for the full year ended Dec. 30, 2025, a 81.78% increase from the prior year’s figure. The payout will come from the bank’s retained earnings, which rose by 28.66% to EGP57.41 billion ($1.08 billion), with shareholders set to receive EGP1.85 ($0.03) per share on June 4, 2026.

Members of the family, including Ahmed, Sadek, Mohammed, Azza, Zainab, and Mona El-Sewedy, have all played pivotal roles in transforming the region’s cable and electrical equipment industry. Their leadership in this sector has not only shaped the industry but has also greatly increased their wealth through their holdings in Elsewedy Electric. 

Since its inception, Elsewedy Electric, under the guidance of the El-Sewedy family, has evolved from a small operation to a dominant player in electrical equipment manufacturing. Today, the family retains a 78.18% stake in the company, securing their influential position in Egypt and across the Middle East and North Africa.

This holding will earn them EGP3.1 billion ($58.3 million), up from $32 million that they received from last year’s interim dividend.

Elsewedy Electric profit edges 1.85% to $361 million

Elsewedy Electric reported a modest 1.85% increase in net profit to EGP19.19 billion ($361 million) for the year ended Dec. 30, 2025, compared with EGP18.84 billion ($354.41 million) a year earlier. Revenue for the period rose 21.2% to EGP281 billion, underscoring continued top-line expansion across its cables, engineering, and energy-related businesses.

However, gross profit declined 7.1% to EGP40.76 billion ($767.42 million), reflecting margin pressure despite sales performance. The company’s balance sheet strengthened over the period, with total assets increasing 24.68% to EGP311.1 billion ($5.86 billion), while total equity rose 20.94% to EGP71.99 billion ($1.36 billion), signaling continued financial expansion.

Meanwhile, the El-Sewedy family’s combined stake in the company increased in value from EGP130.96 billion ($2.6 billion) at the start of 2026 to EGP148.64 billion ($2.8 billion), supported by the firm’s performance and current market capitalization of EGP189.48 billion ($3.57 billion).

Under the ownership structure, Ahmed El-Sewedy, chief executive officer, and his brother Sadek El-Sewedy, each holding a 24.99% stake, are set to receive about EGP989.71 million ($18.63 million) apiece in dividends. Azza El-Sewedy, a prominent female investor on the Egyptian Exchange and sister to the El-Sewedy brothers, who holds a stake of more than 3%, is expected to receive EGP120 million ($2.26 million) from the payout.