November 26, 2020

Sarwa Capital to finance low, middle-income housing units


ArabFinance: Sarwa Capital Holding plans to finance the low-and middle-income housing units with fund amounts up to EGP 1 billion, the company’s CEO Saeed Zaatar said to al-Mal news website.

The finance will be in line with the agreement Sarwa agreement with Mortgage Finance Fund.

On November 19th, the company obtained the approval of the Financial Regulatory Authority’s (FRA) Sharia Supervisory Committee to issue sukuk worth EGP 2.5 billion, Vice Chairman of FRA Reda Abdel Moati said.

Sarwa offers financial solutions such as auto credit, insurance, and consumer finance.

The group also helps and structures debt transactions for companies that need to access debt capital markets to fund growth, manage risk, improve financial standing, and raise liquidity.

arabfinance


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