![Elsewedy Electric](https://forbesme-prestaging-media.s3.us-east-2.amazonaws.com/lists/uploads/2021/05/31195927/81-Ahmed-Ahmed-Sadek-El-Sewedy.jpg)
SR.No: 81
Elsewedy Electric
Sector: Industrials
Date of Establishment: 1938
Country: Egypt
Managing Director: Ahmed Ahmed Sadek El-Sewedy
Sales: $3 billion
Profits: $211 million
Assets: $3.8 billion
Market Value: $1.2 billion
Elsewedy Electric was established by the Elsewedy family in 1938 as a small trading business in Cairo. It started its first cable production plant in 1984. Today, it is a global provider of energy, digital, and infrastructure solutions. In February 2021, one of the company’s subsidiaries, Rowad Modern Engineering, signed a $93.2 million contract with the Star-Light Company for Urban Development and Tourism for the construction of the Kattameya Creeks compound in New Cairo. Three brothers—Ahmed, Sadek, and Mohammed Ahmed Sadek Elsewedy—own 67.7% of the company, worth $782.6 million.