Arab Finance: Company denied Elsewedy Electric (SWDY)It signed petroleum agreements with the Egyptian government, as explained in Her statement Sent to the Egyptian Stock Exchange.
In response to the stock exchange's inquiries about what is being said about signing petroleum agreements with an alliance that includes Elsewedy Industrial, the company said that the company is not affiliated with Elsewedy Electric Group.
Founded in 1938, the company operates in five main business segments: wires, cables and accessories, electrical products, engineering and construction, digital solutions, and infrastructure investments. It has a strong presence in 19 countries across the world, and 31 production facilities spread across African and Asian countries including Egypt, Algeria, Saudi Arabia, Qatar, Indonesia, Pakistan and Tanzania.
It exports a wide range of high-quality products to more than 110 countries around the world. Elsewedy Electric follows a distinctive, pioneering approach in providing integrated services in the field of engineering, procurement and construction (EPC), which enables it to deliver all projects of an integrated nature ready for actual operation on time and with the highest efficiency.
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