Egyptian businessman Ahmed El-Sewedy gains $36 million from company shares

Key Points

• Ahmed El-Sewedy’s stake in Elsewedy Electric has surged to $866.5 million as shares rose 3.55% over the past 48 days.
• Elsewedy Electric’s stock is up 4.12% in 2025, outperforming peers and boosting investor confidence amid Egypt’s economic recovery. 
• The company’s focus on energy infrastructure and green projects positions it as a top industrial performer on the Egyptian Exchange.

Egyptian businessman Ahmed El-Sewedy, CEO of Elsewedy Electric, has seen the value of his stake in the company climb to over $860 million, following a steady rise in the firm’s share price on the Egyptian Exchange (EGX).

Ahmed El-Sewedy holds more than 546 million shares in the Cairo-based energy and infrastructure group—roughly 25.5 percent of the company. As of May 27, the market value of his stake has grown from EGP41.7 billion ($836.8 million) to EGP43.2 billion ($866.5 million), reflecting increased investor confidence in the company’s long-term prospects.

This uptick adds to earlier gains made this year. Between Feb. 11 and Mar. 23, El-Sewedy’s holdings jumped by $64 million, rising from $833 million to $897 million. While markets in emerging economies have had a mixed year, Elsewedy Electric has continued to stand out.

Elsewedy shares outperform the market

Founded in 1938 as a local electrical goods business by the El-Sewedy family, the company has since grown into a key player in energy transmission and industrial infrastructure, with operations spanning Africa and the Middle East. Its projects in power generation, smart metering, and renewable energy have made it one of the more attractive options for investors eyeing long-term growth in the region.

Elsewedy’s broad portfolio—ranging from cables and transformers to solar installations—has helped it weather economic headwinds while securing contracts from both government agencies and private companies. Its recent push into green energy is also drawing attention from investors focused on environmental, social, and governance (ESG) standards.

Over the past 48 days, its shares have risen 3.55 percent, moving from EGP 76.3 ($1.53) on April 9 to EGP79.01 ($1.58) on May 27. This latest rally has lifted Elsewedy Electric’s market capitalization above $3.4 billion, placing it among the top-performing industrial stocks on the EGX this year.

Solid returns for investors in 2025

So far in 2025, the stock is up 4.12 percent. For investors, that means a $100,000 investment at the start of the year would now be worth about $104,120—a respectable return in a year when many emerging markets have struggled to keep pace.

With Egypt working toward economic recovery and infrastructure spending picking up across the Gulf Cooperation Council and North Africa, Elsewedy Electric is increasingly seen as a stock to watch. Its performance this year has underscored its role as a key player in the broader shift toward electrification, energy security, and regional development.