Elsewedy Electric
Top 100 Companies in the Middle East 2021

SR.No: 81

Elsewedy Electric

Sector: Industrials

Date of Establishment: 1938
Country: Egypt
Managing Director: Ahmed Ahmed Sadek El-Sewedy

Sales: $3 billion

Profits: $211 million

Assets: $3.8 billion

Market Value: $1.2 billion

Elsewedy Electric was established by the Elsewedy family in 1938 as a small trading business in Cairo. It started its first cable production plant in 1984. Today, it is a global provider of energy, digital, and infrastructure solutions. In February 2021, one of the company’s subsidiaries, Rowad Modern Engineering, signed a $93.2 million contract with the Star-Light Company for Urban Development and Tourism for the construction of the Kattameya Creeks compound in New Cairo. Three brothers—Ahmed, Sadek, and Mohammed Ahmed Sadek Elsewedy—own 67.7% of the company, worth $782.6 million.