Mohamed El-Sewedy’s stake in Egyptian electric giant nears $700 million

Egyptian businessman Mohammed El-Sewedy, Vice President of Elsewedy Electric and CEO of its core Wires and Cables division, has seen his stake in Elsewedy Electric grow by $98 million in the first 200 days of 2026.

This nearly $100 million surge brings his total stake value to $697.7 million, reflecting the company’s solid performance on the Egyptian bourse. 

Mohamed’s stake soars by $98 million

Mohamed El-Sewedy, who holds a beneficial 18.01% stake, equivalent to 385.6 million shares, has cemented his position, driving its expansion across international markets while spearheading innovation in specialized cable manufacturing and energy infrastructure.

Over the past 200 days, his stake has gained EGP5.5 billion ($97.83 million), marking a significant increase since the start of the year.

Elsewedy Electric nears $4 billion market cap

Elsewedy Electric, founded in 1938 by the El-Sewedy family, remains a dominant force in Egypt and the Middle East and North Africa (MENA) region’s electrical industry, offering cables, transformers, energy meters, and wind energy solutions that enhance regional energy infrastructure.

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 the $4 billion milestone.

Mohamed El-Sewedy’s stake on Egyptian Exchange nears $700 million

Mohamed El-Sewedy’s growing stake in Elsewedy Electric has further solidified his position, as his investment is now valued at around $700 million. As the Co-founder of Breadfast, an online grocery delivery company, the Founder and Owner of Magma Sportwear, as well as Kings Polo Club, the top equestrian complex in Egypt. Mohamed continues to transform the family-owned enterprise into a globally recognized integrated energy solutions provider.

Mohamed El-Sewedy’s stake has increased from EGP30.17 billion ($599.87 million) at the start of the year to EGP35.67 billion ($697.7 million), highlighting the bright future of Egypt’s energy and cable sectors, most especially as Elswedy Electric’s market capitalisation approaches $4 billion.