By: Ahmed Allam
Cairo – Mubasher: Sarwa Capital is considering new financial instruments, including covered bonds, in coordination with the supervisory entities, managing director of Sarwa Promoting and Underwriting Ayman El Sawy said.
The Egyptian market needs fresh financial instruments such as sukuk, covered bonds, and short-term bonds, El Sawy highlighted.
The company’s financing volumes stood at nearly EGP 14 billion since 2005, he revealed.
Sarwa Capital previously said its private offering was oversubscribed 10.83 times.
The IPO is set to be closed on Wednesday, 10 October, with 29.517 million shares offered.
Trading on the stock would begin as of Monday, 15 October, under the symbol of SRWA.CA following obtaining the approval of the Egyptian Exchange (EGX).
