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Thndr Claps » EGY Claps » Energy 🔋 » El Sewedy Electric looking to get even bigger🔝

El Sewedy Electric looking to get even bigger🔝

by Omar El Shorafa
June 27, 2022

The Clap
El Sewedy Electric (SWDY) have agreed terms with IFC in order to obtain a loan to fund investments.

The Deets
The money from this loan is set to be used in acquiring more factories, expanding production in current factories and obtaining and developing more power plants.

El Sewedy has already witnessed a 7.6% increase in profits during the first quarter of 2022 in comparison to 2021.

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