Company: Elsewedy Electric
Country: Egypt
Sector: Energy
CEO: Ahmed Elsewedy (President and Chief Executive Officer)
Website: https://www.elsewedyelectric.com
Careers Page: https://careers.elsewedyelectric.com/
LinkedIn: Not publicly listed
Email: info@elsewedy.com
Headquarters: Cairo Festival City, New Cairo, Egypt
Founded: 1938
Valuation/Revenue: $2,943.0m revenue; $3,450.1m market value (African Business Top 250, 2025); Wikipedia cites ~$4.8bn revenue for FY2023
Elsewedy Electric is a family-founded Egyptian industrial and energy conglomerate that manufactures electrical cables, transformers, and other power equipment and delivers large-scale energy and infrastructure projects, including wind generation, across Africa, the Middle East and beyond. It is listed on the Egyptian Exchange and led by Ahmed Elsewedy, a member of the founding family.
What Does Elsewedy Electric Do?
Elsewedy Electric operates across seven business segments: electrical cables (its founding business), electrical products, transformers, telecommunications equipment, wind energy generation, energy measurement and management, and engineering, procurement and construction (EPC) services for power and infrastructure projects. It manufactures wiring, cables and transformers used in power transmission and distribution, and increasingly acts as a turnkey contractor building power plants, substations and renewable energy facilities across dozens of countries. The company traces its roots to 1938, when the Elsewedy family began as a trader of electrical equipment before moving into manufacturing.
How Big Is Elsewedy Electric?
African Business magazine’s 2025 Top 250 ranking listed Elsewedy Electric’s revenue at approximately $2.94 billion with a market value of about $3.45 billion, ranking it 57th among Africa’s largest companies – though its market value, notably, exceeds its revenue figure, reflecting strong investor confidence in its growth trajectory. Separate Wikipedia-sourced figures put 2023 revenue closer to $4.8 billion. In August 2026, the company reported sales growth of 37% year-on-year, even as profit margins narrowed, according to Billionaires.Africa reporting on the group’s results. The company employs roughly 18,000 people worldwide and operates manufacturing facilities across Africa, the Middle East, Europe and beyond.
Is Elsewedy Electric Legit?
Yes. It is one of Egypt’s largest listed industrial companies (EGX ticker: SWDY), consistently ranked among Forbes Middle East’s most valuable Egyptian companies, with decades of manufacturing history, an established global project portfolio, and regular financial disclosure as a publicly traded entity.
Who Owns Elsewedy Electric?
The Elsewedy family retains significant ownership and control of the company, with Ahmed Elsewedy serving as President and CEO. The company is publicly traded on the Egyptian Exchange, with free-float shares held by institutional and retail investors alongside the founding family’s stake.
Where Is Elsewedy Electric Headquartered?
The company’s head office is at Cairo Festival City in New Cairo, Egypt, with major cable and transformer manufacturing plants located across the greater Cairo region and other Egyptian industrial zones.
How Do I Apply for a Job at Elsewedy Electric?
Elsewedy Electric runs a dedicated careers site (careers.elsewedyelectric.com) listing openings across its manufacturing, engineering, project management and corporate functions, reflecting its roughly 18,000-strong global workforce.
What Has Elsewedy Electric Been in the News For Recently?
In mid-2026, Ahmed El-Sewedy announced a $200 million commitment to three new industrial projects, part of a broader push to expand manufacturing capacity, alongside reported sales growth of 37% for the period, even as margins came under pressure – suggesting the group is prioritising scale and market share over near-term profitability. The company has also continued to pursue international project work, including a 2024 memorandum of understanding with Iraq’s Development Fund to establish an investment vehicle for strategic infrastructure projects, underlining its ambitions as a regional EPC and equipment contractor beyond Egypt’s borders.
How Does Elsewedy Electric Compare to Its Competitors?
In cable and transformer manufacturing, Elsewedy Electric competes with other regional and international electrical equipment producers, while in its EPC and turnkey energy project business it competes for contracts against global engineering and construction firms bidding on power, transmission and renewable energy projects across Africa and the Middle East. Elsewedy’s scale as one of Egypt’s largest industrial exporters, combined with its vertically integrated model spanning manufacturing through project delivery, gives it an edge on large government and utility contracts in markets where it has built long relationships, including Iraq, the Gulf and multiple African countries.
What Is Elsewedy Electric’s Ownership Structure?
The Elsewedy family retains a controlling stake in the business alongside free-float shares traded on the Egyptian Exchange under ticker SWDY. Ahmed Elsewedy, as President and CEO, is both the operating head of the company and a member of the founding family, a structure common among Egypt’s largest industrial conglomerates, where family control persists even after public listing.
Links
Website: https://www.elsewedyelectric.com
Careers Page: https://careers.elsewedyelectric.com/
LinkedIn: Not found
Email: info@elsewedy.com
FAQ
Is Elsewedy Electric a real, publicly traded company? Yes, it trades on the Egyptian Exchange under ticker SWDY and has operated since 1938.
Who is the CEO of Elsewedy Electric? Ahmed Elsewedy, President and CEO.
Where is Elsewedy Electric headquartered? Cairo Festival City, New Cairo, Egypt.
How many people does Elsewedy Electric employ? Around 18,000 worldwide.
What does Elsewedy Electric make? Electrical cables, transformers, telecom equipment, and it also builds power and energy infrastructure projects, including wind farms.
How much revenue does Elsewedy Electric generate? Roughly $2.9-4.8 billion depending on the year and source, per African Business magazine (2025) and Wikipedia-sourced FY2023 figures.