Elsewedy Electric receives 15.4mn sqm of land in 10th of Ramadan, Sadat, Ain Sokhna
Elsewedy Electric’s [SWDY.CA] industrial and development arm received 15.4mn sqm of land to develop from the Industrial Development Authority and Suez Canal Economic Zone, divided across: i) 10th of Ramadan (4mn sqm); Sadat City (1.4mn sqm); and iii) Ain Sokhna (10mn sqm). (Al Mal)
Elsewedy Electric: EGP16.11 as of 3 Apr. 2019, Rating: Buy, TP: EGP23.00/share, MCap: USD2,036mn, SWDY EY/SWDY.CA
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