Egyptian billionaire Ahmed El-Sewedy, the chief executive of Elsewedy Electric, has seen the value of his stake in the company climb sharply over the past three weeks, marking another strong stretch for one of Egypts most influential industrial groups.
El-Sewedys holdings in the Cairo-based energy and infrastructure company gained 115.93 million in market value between Dec. 8 and Dec. 31, driven by a steady rise in the firms share price on the Egyptian Exchange. The increase adds fresh strength to his long-standing position in the company, which has been central to his familys business interests for generations.
Ahmed El-Sewedys Elsewedy Electric stake climbs
