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Egypt Today: Sarwa Capital reveals IPO plans on Egyptian Exchange

Sarwa Capital, the leading provider of consumer and structured finance solutions in Egypt, targets launching an initial public offering on the EGX.
29.08.18 | Interesting article at Egypt Today

Sarwa Capital, the leading provider of consumer and structured finance solutions in Egypt, targets launching an initial public offering on the Egyptian Exchange.

According to a statement by Sarwa on Monday, the offering will consist of, both, a primary offering of newly issued shares and a secondary offering of existing shares held by the company’s current shareholders constituting up to 40% of Sarwa Capital’s total shares.

Beltone Investment Banking will act as the sole global coordinator and bookrunner of the offering, while Matouk Bassiouny will act as a legal counsel in connection with the offer.

Founded in 2001, Sarwa Capital offers a full range of consumer finance focused products and structured credit finance services for both retail and commercial clients. Sarwa operates under its own brands in addition to other white-labelled brands in partnership with major Egyptian corporations.