Egyptian tycoon Ahmed El-Sewedy bags $19 million dividend in 2025

Egyptian businessman Ahmed El-Sewedy, President and CEO of Elsewedy Electric, bags roughly EGP989.71 million ($18.63 million) in payout from his stake in Elsewedy Electric after the Cairo-based multinational cable and electrical equipment manufacturer paid out a cash dividend of nearly $75 million after its annual general meeting on the back of strong growth across its cables, engineering and digital businesses.

Elsewedy Electric pays $74.5 million dividend

On June 4, 2026, Elsewedy Electric, based in Cairo, paid a dividend of EGP3.96 billion ($74.53 million) for the full year ended Dec. 30, 2025, an 81.78% increase from the prior year’s figure. The EGP1.85 ($0.03) per-share payout was funded by the bank’s retained earnings, which rose by 28.66% to EGP57.41 billion ($1.08 billion).

Elsewedy’s role impacts Elsewedy Electric’s growth
Ahmed El-Sewedy, a seasoned engineer serving as the President and CEO of Elsewedy Electric, was appointed as a member of Elsewedy Electric’s Board of Directors in 2005, leveraging over 35 years of experience in the fields of electricity and energy. 

He currently holds a 24.99% stake in the company, equivalent to 534,980,391 ordinary shares in Elsewedy Electric, and his stake is currently worth over $910 million. In 1986, Elsewedy led the first private cable factory in Egypt, Arab Cables Co., turning it into one of the largest worldwide providers of integrated energy solutions with over thirty production facilities spanning sixteen countries. Founded in 1938 by the family, Elsewedy Electric has grown from a local manufacturer into a global player in integrated energy solutions, with operations spanning the Middle East, North Africa, and beyond.

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. 

Under the ownership structure, Ahmed El-Sewedy’s brother,  Sadek El-Sewedy, who also holds a 24.99% stake, bagged about EGP989.71 million ($18.63 million) 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%, received EGP120 million ($2.26 million) from the payout.

With this payout, Elsewedy Electric continues to position itself for further expansion, reinforcing its role as a key player in the global energy and infrastructure market.