El Sewedy Cables, the largest publicly traded Arab cable producer, announced on Wednesday that will offer a one for 10 stock dividend to boost its issued capital to £E 1.322 billion from £E 1.2 billion.
The distribution will be on August 18 to a total of 12 million shares to those who owned stock by the close of trade on July 29th.
About El Sewedy Cables
El Sewedy Cables is an Egyptian company that manufactures, through its subsidiaries, wires and cables in addition to electrical products. El Sewedy also offers turnkey services through El Sewedy Electric Contracting and Engineering, which offers supply, installation and commissioning of electrical equipment and services to utilities and industrial manufacturing companies throughout
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