By Elizabeth ADENUGA
Egyptian stock market on Wednesday halted trading of El Sewedy Electric pending details on reports of a deal.
It is a deal it signed to participate in constructing a three billion dollars dam in Tanzania, the company said in a statement.
It said the stock market requested the explanation following reports that appeared online, stating: “El Sewedy Electric signs a partnership with Arab Contractor Company to build a dam in Tanzania amounting to three billion dollars.”
