El Sewedy Electric Company (CASE:SWDY) entered into an agreement to acquire 99.25% stake of International Cables Co. S.A.E for EGP 410 million on July 11, 2021. The agreement is conditional on the satisfaction of certain terms and conditions. Al Ahly Pharos acted as financial advisor to the selling shareholders of ICC, Cables Technology Invest Holding Company. Al Kamel Law Firm acted as legal advisor to International Cables. Arab Legal Consultants acted as legal advisor to El Sewedy Electric. El Sewedy Electric Company (CASE:SWDY) completed the acquisition of 99.25% stake of International Cables Co. S.A.E on September 13, 2021.