Elsewedy Electric’s subsidiary signs contract with Al Futtaim worth EGP638.3mn
Elsewedy Electric’s subsidiary, Rowad Modern Engineering, announced that it had signed a contract with the Al Futtaim Commercial and Administrative Centers for the construction of CFC podium 2 project worth EGP638.4mn. The project should be completed within 18 months from the project’s commencement date.
Elsewedy Electric: EGP11.49 as of 10 Dec 2019, Rating: Buy, TP: EGP20.00/share, MCap: USD1,555mn, SWDY EY/SWDY.CA
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