US EditionEl-Sewedy brothers gain $80M from Elsewedy Electric stake
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El-Sewedy brothers gain $80M from Elsewedy Electric stake
Key PointsA 5% rise in Elsewedy Electric’s stock added over $80 million to Ahmed and Sadek El-Sewedy’s combined fortune in under three weeks.The billionaire brothers now control a combined stake in Elsewedy Electric worth nearly $1.7 billion, reflecting steady investor confidence.Founded in 1938, Elsewedy Electric plays a central role in Egypt’s infrastructure and energy sector amid regional manufacturing ambitions.]Egyptian billionaire brothers…
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