El-Sewedy Sisters, Mona, Zeinab, Azza’s stake in Egyptian electric giant rises by $49 million to $353 million

Mona, Zeinab and Azza El-Sewedy, leading female investors on the Egyptian Exchange and sisters to the billionaire El-Sewedy brothers, have seen their investment in Elsewedy Electric grow by $49 million in the first 199 days of 2026.

This surge brings their total stake to over $353 million, reflecting the company’s solid performance on the Egyptian bourse.

Mona, Zeinab and Azza’s stake soars by $49.4 million

Mona, Zeinab and Azza, who hold a beneficial 3.03% stake each, totalling 195.75 million shares, have cemented their position as top female figures in the region’s business scene.

Over the past 199 days, their stake has gained EGP2.78 billion ($49.41 million), marking a significant increase since the start of the year.

Elsewedy Electric nears $4 billion market cap

Elsewedy Electric, founded in 1938, is a leading manufacturer of electrical equipment in the Middle East and North Africa.

The company reported a modest 1.85% increase in net profit to EGP19.19 billion ($386.67 million) for the year ended Dec. 30, 2025, compared with EGP18.84 billion ($379.6 million) a year earlier.

Since the beginning of 2026, Elsewedy’s stock price has risen by 18.21% in local currency terms and 16.31% in U.S. dollar terms, from EGP75.88 ($1.509) on January 1 to EGP92.5 ($1.8), pushing its market capitalization to EGP197.59 billion ($3.87 billion), thus nearing $4 billion milestone.

Mona, Zeinab and Azza El-Sewedy claim top spot as female investors on Egyptian Exchange

Mona, Zeinab and Azza’s growing stake in Elsewedy Electric has further solidified their position as leading female investors on the EGX, with their investment now valued at around $353 million.

Their stake has increased from EGP15.24 billion ($302.96 million) at the start of the year to EGP18.01 billion ($352.37 million), highlighting the bright future of Egypt’s energy and cable sectors.