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Egypt’s Elsewedy secures USD 100 mn loan from BM for Africa expansion plan
Elsewedy Electric has signed a USD 100 mn loan agreement with Banque Misr to finance expansion plans in Africa, sources…
Elsewedy Electric acquires share capital of four Greek renewable energy companies for EUR 55 mn
M&A WATCH- Elsewedy Electric looking to acquire four Greek renewable energy outfits in EUR 55 mn transaction: Elsewedy Electric has…
Egypt to accept tenders for 6 October dry port on 11 July
The Transport Ministry, in cooperation with the Finance Ministry, will begin on 11 July accepting tenders from companies hoping to…
Elsewedy Electric agrees to EUR 42 mn loan from National Bank of Greece
Elsewedy Electric’s board of directors approved yesterday receiving a EUR 42 mn loan from the National Bank of Greece, according…
Earnings watch: Elsewedy Electric net profits fall 32% in 1Q2019
EARNINGS WATCH- Elsewedy Electric reported a 32% y-o-y drop in net profit to EGP 957.2 mn in 1Q2019, down from…
Elsewedy Electric to establish utilities JV with SCZone Authority
INVESTMENT WATCH- Elsewedy Electric to establish utilities JV with SCZone authority: Elsewedy Electric has signed a partnership agreement with the…
Ahmed Nabil Abdelmeguid named M&A head at Elsewedy Electric
MOVES- Elsewedy Electric has appointed Ahmed Nabil Abdelmeguid (LinkedIn) as the company’s new head of mergers and acquisitions. Abdelmeguid was…
Elsewedy Electric unit signs EGP 550 mn Port Said transmission station contract
Elsewedy Electric signed a EGP 550 mn contract to build an electricity transmission station at Port Said’s industrial zone on…
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