Egyptian tycoon Ahmed Elsewedy gains $82 million from Elsewedy Electric stake

Egyptian businessman Ahmed El-Sewedy, President and CEO of Elsewedy Electric, has seen the value of his stake in Elsewedy Electric rise by $82 million since the beginning of the year, as shares of the Cairo-based cable and electrical equipment manufacturer gained on the Egyptian Exchange. 

The increase reflects renewed investor interest in Elsewedy Electric, as the company continues to expand its operations across energy, infrastructure and digital solutions markets while maintaining a strong presence in Egypt’s capital market.

Stake value climbs with share rally 

Data tracked by Shore Africa show El-Sewedy owns a 24.99% stake in Elsewedy Electric, representing 534,980,391 ordinary shares in the company. 

The value of his holdings has increased by EGP5.75 billion ($82.26 million) over the past 218 days, rising from EGP41.86 billion ($877.4 million) at the start of 2026 to EGP47.61 billion ($959.66 million). 

Elsewedy Electric’s share price climbed from EGP78.95 ($1.64) on Jan. 1, 2026, to EGP89 ($1.79), representing a 13.74% increase in local currency terms and a 9.38% gain in U.S. dollar terms. 

The rally lifted the company’s market capitalization above $3.8 billion, increasing the value of El-Sewedy’s investment in one of Egypt’s largest industrial companies.

Profit growth supports investor interest 

The share price appreciation comes as Elsewedy Electric continues to expand its operations across cables, engineering, digital solutions and energy-related businesses. 

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.

Revenue climbed 21.2% to EGP281 billion ($5.66 billion), supported by higher demand across its core businesses and continued expansion in energy and infrastructure projects. 

Despite higher sales, gross profit declined 7.1% to EGP40.76 billion ($821.16 million), reflecting pressure on margins during the period. 

Elsewedy Electric’s balance sheet also strengthened, with total assets rising 24.68% to EGP311.1 billion ($6.27 billion), while total equity increased 20.94% to EGP71.99 billion ($1.45 billion).

Building a global industrial group 

Founded in 1938, Elsewedy Electric has grown from a local cable manufacturer into a global provider of energy, infrastructure and digital solutions. 

The company currently operates in 19 countries, with more than 34 industrial facilities and exports products to more than 110 markets worldwide. 

Under El-Sewedy’s leadership, the company expanded its manufacturing presence and developed a broader portfolio covering cables, electrical products, engineering and construction projects. 

El-Sewedy, an engineer with more than 35 years of experience in the electricity and energy sectors, joined Elsewedy Electric’s board in 2005 before becoming president and CEO. 

He played a major role in expanding Arab Cables Co., Egypt’s first private cable manufacturer, into a global energy solutions provider with production facilities across several countries.

Dividend payout adds to returns 

Beyond the increase in market value, El-Sewedy earned additional returns through dividends. He received about EGP989.71 million ($19.93 million) in dividend payments from his stake in Elsewedy Electric after the company distributed a cash dividend of EGP3.96 billion ($79.82 million) for the year ended Dec. 30, 2025. 

Last month, Elsewedy Electric also announced plans to launch three new industrial projects with investments exceeding $200 million, as it expands manufacturing capacity and strengthens exports from Egypt. 

The combination of share gains, dividend income and the company’s expanding operations has strengthened El-Sewedy’s position among the prominent investors on the Egyptian Exchange and reinforced Elsewedy Electric’s role as one of the region’s leading energy and infrastructure companies.