Established in 1938 by the Elsewedy family, Elsewedy Electric operates in key business lines, including wires and cables, electrical products, engineering and construction, digital solutions, and infrastructure investments, with more than 19,000 people working across 31 production facilities in 15 countries. In November 2023, Elsewedy Cables KSA signed a $320 million agreement with the Royal Commission for Jubail and Yanbu to establish a new special cables factory and copper rod factory in Yanbu Industrial City.