{"id":627295,"date":"2018-07-29T04:12:33","date_gmt":"2018-07-29T04:12:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/sarwa-capital-to-list-up-to-40-of-shares-in-september\/"},"modified":"2018-07-29T04:12:33","modified_gmt":"2018-07-29T04:12:33","slug":"sarwa-capital-to-list-up-to-40-of-shares-in-september","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/sarwa-capital-to-list-up-to-40-of-shares-in-september\/","title":{"rendered":"Sarwa Capital to list up to 40% of shares in September"},"content":{"rendered":"

<\/a> EXCLUSIVE- Sarwa Capital to list up to 40% of shares in September: <\/strong>Our friends at Sarwa Capital say that they will list 30-40% of their shares on the EGX in September, a source close to the transaction told Enterprise last week. 80% of the shares that will list will be offered to international institutions. The initial public offering will see our friends the Egyptian American Enterprise Fund (EAEF), who hold a majority stake in Sarwa, sell off a portion of their stake. The sale is expected to bring in around EGP 2 bn, which will be used to expand the company\u2019s reach in the non-banking financial sector, as the firm looks to launch insurance and factoring operations. The company has officially applied for approval to list its shares with the Financial Regulatory Authority (FRA) and expects to receive final approval in around a month, the source added.<\/p>\n

Advisers:<\/strong> Beltone Financial is running the transaction. <\/p>\n

CORRECTION:<\/strong> The version of this story appearing in our e-mail edition incorrectly identified the investment bankers on the transaction. It is Beltone.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Sarwa Capital to list up to 40% of shares in September: Our friends at Sarwa Capital say that they will list 30-40% of their shares on the EGX in September, a source close to the transaction told Enterprise last week. 80% of the shares that will list will be offered to international institutions. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627295","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"85f97b6c-5b0d-44bf-b407-43dd1a7c0cf7","order":"0","is_powered_by":true,"section_story_id":"67b2071a-08e2-4f11-8207-c7583f54fffb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627284],"teaser":"","voice_url":""},"yoast_head":"\nSarwa Capital to list up to 40% of shares in September - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/sarwa-capital-to-list-up-to-40-of-shares-in-september\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sarwa Capital to list up to 40% of shares in September\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Sarwa Capital to list up to 40% of shares in September: Our friends at Sarwa Capital say that they will list 30-40% of their shares on the EGX in September, a source close to the transaction told Enterprise last week. 80% of the shares that will list will be offered to international institutions. 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OIH, controlled by celebrity investor\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/11\/NaguibSawiris-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":626775,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/sarwa-capital-to-sell-up-to-30-of-shares-in-4q2018-report\/","url_meta":{"origin":627295,"position":3},"title":"Sarwa Capital to sell up to 30% of shares in 4Q2018 -report","author":"enterpriseam admin","date":"11 July 2018","format":false,"excerpt":"IPO WATCH- Sarwa Capital is planning to sell up to 30% of its shares on the EGX sometime in 4Q2018, sources reportedly told Al Mal on Tuesday. Our friends at Sarwa have reportedly hired Beltone Financial to lead the transaction, the newspaper reports, suggesting the offering will have a substantial\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625894,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/sarwa-closes-egp-1-75-bn-securitized-bond-issuance\/","url_meta":{"origin":627295,"position":4},"title":"Sarwa closes EGP 1.75 bn securitized bond issuance","author":"enterpriseam admin","date":"26 August 2018","format":false,"excerpt":"Our friends at Sarwa Capital announced yesterday they had completed a EGP 1.75 bn securitized bond issuance \u201cbacked by the portfolios of Contact Auto Credit and its affiliate companies,\u201d according to a company press release (pdf). 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