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Sarwa Capital to offer Amer Group’s sukuk next year

Sarwa Capital to offer Amer Group’s sukuk next year

ArabFinance: Sarwa Capital Holding for Financial Investments will offer Amer Group Holding’s sukuk issuance during the first quarter of 2021, Al Borsaa News cited Sarwa Capital’s CFO Ayman el Sawy on November 26th.

The sukuk might be a hybrid of both ijara and mudaraba, being the first combined sukuk in Egypt, El Sawy revealed.

It was reported last October that Sarwa Capital would tap the sukuk market in November.

The company announced the closing of its inaugural sukuk issuance of EGP 2.5 billion by its subsidiary Sarwa Sukuk Company.

 

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