El Sewedy Cables was founded as an electrical equipment trading house that gradually grew into cables manufacturing. It is the largest cables producer in Egypt and the second largest cables producer in the region with total production capacity of 124,640 tpa representing 20% of the region’s cables production capacity in 2007. The company’s market share in the region is expected to strengthen further on the back of expansion projects in Egypt, Saudi Arabia, Syria and Libya, which will raise the total capacity to 216,512 tpa by 2009. It has manufacturing plants in Egypt, Sudan and Syria and is currently building plants in Saudi Arabia and Libya. The company is 75% owned by the El Sewedy family, while 25% of the company was floated on the Cairo and Alexandria Stock Exchange in 2006 through an IPO which raised EGP 1.29 billion.