Latest in Tag: Sarwa Capital Highlight
Latest in Tag: Sarwa Capital
Card users will be able to make payment-on-instalment for variety of products over 20-30 months period
Financial services company considers establishing another movable collaterals fund valued at over EGP 1bn
The proceeds will be used for further expansion of Contact Credit and its affiliate companies.
FRA’s Sharia Supervisory Committee approves sukuk’s compliance with Islamic Sharia last Thursday
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.
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.
Contact provides over EGP 20bn in consumer financing since inception, excluding real estate financing
Costs have been main hindrance to an active market
There must be a strong representation of fixed income instruments within the union: El-Sawy
“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.
The bonds consist of three tranches with tenders of 13, 37, and 59 months
Each party will take a 50% stake, joint venture to operate under a new brand
Company’s total portfolio records EGP 6.4bn, average equity recorded 21.4%
Sukuk will attract new blood, raising awareness is challenging, says El-Sawy
Upon approval of shareholders, paid-up capital will be increased from EGP 119.697m to EGP 191.515m
Total Portfolio of EGP 6.2bn, Return on Average Equity of 29%
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 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 …
Company’s total portfolio hits EGP 6.bn, achieves ROAE of 30.4%, ROAA of 5%
Company’s net income reached EGP 10m in Q3, marking a 104% increase compared to 2017
Group’s brokerage arm continues to conduct normal business operations
Deal to be self-financed, comes within Orascom’s strategy to expand in non-banking financial sector, says Mahdy
IPO covered 30 times, private placement coverage score 10.8, Arabs, foreigners take 52.3% of total offering
2 US institutions enter market for first time, return of Arab, foreign institutions following 2011 revolution
Company targets new sectors including factoring, SMEs, financial services
Company concluded roadshow spanning US, UK, South Africa, GCC with strong interest for Offering from local, international investors
52% Net profit cagr from 2013 to 2017, Beltone manages IPO
Beltone to act as sole global coordinator, bookrunner
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 …
Partial exit, capital increase worth $150m; Beltone Financial serving as financial adviser, Matouk Bassiouny legal adviser