Latest in Tag: Sarwa Capital Highlight
Latest in Tag: Sarwa Capital
Premium Card, Sarwa Capital launch joint fintech solution ‘20-30 Card’
Card users will be able to make payment-on-instalment for variety of products over 20-30 months period
Sarwa Capital to launch EGP 2.5bn movable collaterals fund
Financial services company considers establishing another movable collaterals fund valued at over EGP 1bn
Sarwa Capital announces closing of its EGP 2.5bn inaugural Sukuk issuance
The proceeds will be used for further expansion of Contact Credit and its affiliate companies.
FRA expected to approve Sarwa Capital’s sukuk issuance
FRA’s Sharia Supervisory Committee approves sukuk’s compliance with Islamic Sharia last Thursday
Sarwa Capital to issue EGP 2.5m worth Sukuk of Contact Finance within 2 weeks
Sarwa Capital had signed a cooperation agreement with Banque Misr and the Misr Capital Company to guarantee, promote, and cover the financing instruments for the benefit of Contact Finance. The move came as part of the general strategy to diversify sources of financing.
Sarwa Capital, Amer Group to conduct their sukuk offerings before 2020 end
Amer Group has decided to hold off announcing the value due to the prevailing pessimistic outlook of a second wave of the novel coronavirus (COVID-19). This is expected to result in a decline in the interest rate, which raises some concerns.
Sarwa Capital bucks COVID-19 trends to go from strength-to-strength
Contact provides over EGP 20bn in consumer financing since inception, excluding real estate financing
Cabinet decision reducing bond trading costs activates bond market
Costs have been main hindrance to an active market
Activating secondary market for non-state fixed income tools is my goal of running for Securities Union elections: El-Sawy
There must be a strong representation of fixed income instruments within the union: El-Sawy
Consolidated net income of Sarwa Capital up 37% from 2018
“We are delighted to report our full year results for 2019, delivering strong growth while continuing to expand our business in a year marked by inconsistent market conditions and weaker than anticipated underlying asset markets”, the company’s management commented in a press release.
Sarwa Capital closes EGP 1.8bn securitisation bonds
The bonds consist of three tranches with tenders of 13, 37, and 59 months
Sarwa Capital, Premium Card to establish consumer finance joint venture
Each party will take a 50% stake, joint venture to operate under a new brand
Sarwa Capital’s consolidated net income up 13% to EGP 280m in 9M 2019
Company’s total portfolio records EGP 6.4bn, average equity recorded 21.4%
Sarwa Capital to close 2nd phase of securitisation NUCA bonds this month
Sukuk will attract new blood, raising awareness is challenging, says El-Sawy
Sarwa Capital`s net income hikes 24% y-o-y in 1H2019 reaching EGP183m
Upon approval of shareholders, paid-up capital will be increased from EGP 119.697m to EGP 191.515m
Sarwa Capital’s net income increases by 130% to EGP 120m in 1Q19
Total Portfolio of EGP 6.2bn, Return on Average Equity of 29%
PHD, Sarwa Capital announce closing of EGP 760m securitisation bonds
Palm Hills Developments (PHD) and Sarwa Capital (Sarwa) announce the closing of the latest issue of securitisation bond for PHD, backed by the receivables portfolio’s net present value which stood at EGP 609m, after applying a discount rate of 16.04% on the gross receivables portfolio of EGP 760m, calculated based on the average coupon of …
Sarwa Capital obtains licences to commence insurance business
Sarwa Capital Holding for financial investments, announced on Monday the receipt of the requisite licences from the Financial Regulatory Authority (FRA) in order to commence offering life and general insurance products. Accordingly, two new companies will be commenced, Sarwa Insurance Company, which will provide property and liability insurance, and Sarwa Life Insurance Company, which will …
Sarwa Capital’s net income rises by 51% to EGP 283m in 2018
Company’s total portfolio hits EGP 6.bn, achieves ROAE of 30.4%, ROAA of 5%
Sarwa Capital achieves EGP 248m net income in 9M19, increasing by 64% from 9M17
Company’s net income reached EGP 10m in Q3, marking a 104% increase compared to 2017
Beltone affirms compliance with Capital Markets Law, denies irregularities in Sarwa Capital’s IPO
Group’s brokerage arm continues to conduct normal business operations
OIH bids to acquire 216m shares of Sarwa Capital at EGP 7.36 per share
Deal to be self-financed, comes within Orascom’s strategy to expand in non-banking financial sector, says Mahdy
Trading on Sarwa Capital shares begins
IPO covered 30 times, private placement coverage score 10.8, Arabs, foreigners take 52.3% of total offering
Sarwa Capital records EGP 27.5bn in public and private offerings
2 US institutions enter market for first time, return of Arab, foreign institutions following 2011 revolution
Sarwa Capital to launch trading on EGX next week amid heavy demand from institutional investors
Company targets new sectors including factoring, SMEs, financial services
Sarwa Capital to start trading its shares on EGX 15 October, EGP 7.04 to EGP price range
Company concluded roadshow spanning US, UK, South Africa, GCC with strong interest for Offering from local, international investors
Sarwa Capital to float 40% of its capital in October
52% Net profit cagr from 2013 to 2017, Beltone manages IPO
Sarwa Capital IPO on EGX to include new shares, 40% of existing shares,52% net profit CAGR (2013-2017)
Beltone to act as sole global coordinator, bookrunner
Sarwa Capital closes EGP 1.75bn securitisation bonds issuance
Sarwa Capital announced that Sarwa Securitisation has closed an EGP 1.75bn issue of securitisation bonds backed by the portfolios of Contact Auto Credit and its affiliated companies. The bonds consist of three tranches with tenors of one, three, and five years and received high ratings of AA+, AA and A respectively by Middle East Ratings …
Sarwa Capital to list on EGX by end-Q3
Partial exit, capital increase worth $150m; Beltone Financial serving as financial adviser, Matouk Bassiouny legal adviser