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El Sewedy Electric Inches Towards All-Time High

El Sewedy Electric (SWDY) shares edged closer to their all-time high during today's session, reaching a high of EGP 47.19 per share. By 11:32 CLT on June 2, 2024, the shares were trading at EGP 46.56, up 4.61%. This session high is just 3.69% below the all-time high of EGP 49 per share recorded on March 11, 2024.


The EGX announced today that the price for the optional tender offer by Electra Investment Holding RSC on the OPR system will be EGP 49.581 per share.


In light of the FRA's decision dated May 30, 2024, SWDY's Board of Directors has appointed a key financial consultant as an independent advisor to prepare a fair value report.




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