ArabFinance: Sarwa Capital’s (SWRA) real estate financing arm signed an agreement with the Social Housing Fund to finance low and middle income, CEO of Sarwa Capital Group Saeed Zaatar said to Al Mal News.
Zaatar said that the funds will start within days, noting that the volume of the company's mortgage finance portfolio amounted to 621 million by the end of the first half of this year.
Sarwa’s real estate financing arm will also finance finishing works of the residential units, as there are other entities that provide services to the client with financing from Sarwa.
Sarwa will offer its EGP 2.5 billion sukuk issuance this year, head of the Financial Regulatory Authority’s (FRA) Central Administration for Finance Sayed Abdel Fadil said.
The listed company is an Egypt-based company that offers financial solutions such as auto credit, insurance, and consumer finance.
The group also helps structure, arrange, and underwrite debt transactions for companies that need to access debt capital markets to fund growth, manage risk, improve financial standing, and raise liquidity.
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