Sarwa expands presence in the non-banking financial sector
Saeed Zaatar, CEO of Sarwa Capital Groups, revealed that the volume of financing provided by its subsidiary, Contact, has reached more than EGP 20bn since its inception. The exception to this has been the company’s real estate finance account.
Contact announces its new marketing and digital transformation agenda with 8 customer-centric products
Cairo : Contact Credit, authorized and regulated by the Financial Regulatory Authority, the first licensed consumer finance company in Egypt, a subsidiary of Sarwa Capital Holding for Financial Investments SAE, announces its marketing, digital transformation strategy and innovative rebranding in line with the Government’s initiatives of fintech and financial inclusion agenda.
Contact announces “Contact Homes” program in partnership with Coldwell Banker
In partnership with real estate pioneer Coldwell Banker, the customer-oriented Contact Homes program offers existing and future homeowners a wide range of exclusive benefits to propel them towards their dreams with peace of mind and security all packed in a one stop shop to serve all customers’ needs
Sarwa Capital’s EGP 2.5 bn Contact sukuk issuance to launch in 2 weeks
DEBT WATCH- Sarwa Capital will take a EGP 2.5 bn sukuk issuance to market over the coming two weeks on behalf of its subsidiary Contact, the local press reports. The single-tranche issuance is awaiting final approval by the Financial Regulatory Authority and is part of Sarwa Capital’s strategy to diversify its sources of funding. The sukuk will carry a seven-year tenor. MERIS ratings is providing the credit rating for the issuance, while ALC Alieldean Weshahi & Partners will act as legal counsel and KPMG Hazem Hassan will be the financial auditor. Contact was the first company to be granted a consumer financing license earlier this year along with Raya Holding’s Aman.