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31 December 06:07 PM

Contact Financial Holding (CNFN)

Last update: 02:29 PM market time.
5.03
0.11
2.17%
Open 5.08
Previous Close 5.08
High 5.19
Low 5.02
Stock Statistics
Volume 2,705,179
Turnover 13,865,195.00
All data are 15 minutes late during market session

News

Provisions have been increased to EGP 49 million this year
29 September 2020 11:37 AM Sarwa Capital's expansion plans not affected by COVID-19 - Interview
By: Islam Fadl Cairo – Mubasher: Sarwa Capital Holding for Financial Investments has managed to obtain the first consumer financing licence in Egypt and be officially authorised as the first consumer financing company at traffic departments, the …
Companies Investments
Sarwa Capital achieved net profits of EGP 93.78 million in Q1-20
16 July 2020 05:55 PM Sarwa Capital's unit eyes EGP 2.5bn Sukuk issuance
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced that its subsidiary Sarwa Sukuk is set to issue EGP 2.5 billion Sukuk. Sarwa Sukuk has submitted the prospectus for the issuance to the Financial Regulatory Authority …
Sukuk and Islamic Finance
The company’s net profits levelled down to EGP 93.78 million
21 May 2020 01:55 PM Sarwa Capital’s profit drops 27% in Q1-20
Cairo – Mubasher: The consolidated financial statements of Sarwa Capital Holding for Financial Investments reported a 26.6% year-on-year profit decline during the first quarter of 2020. The company’s net profits levelled down to EGP 93.78 million …
Financial Results
Contact provided consumer financing of EGP 20 billion
26 April 2020 10:50 AM Sarwa Capital’s unit receives 1st consumer credit licence
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced that its subsidiary Contact Credit received the first consumer financing licence from the Financial Regulatory Authority (FRA) in line with the new Consumer Credit Act. …
Banking and Finance
Shareholders decided to distribute a total of EGP 116.76 million
31 March 2020 01:18 PM Sarwa Capital’s OGM nods to EGP 0.10/shr dividends for 2019
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced that its ordinary general meeting (OGM) approved cash dividend distribution for 2019. The company’s shareholders decided to distribute a total of EGP 116.76 million or EGP …
General Assembly
The company’s sales revenue rose to EGP 2.91 billion
1 March 2020 00:30 PM Sarwa Capital’s profit rises 36% in 2019; dividends proposed
Cairo – Mubasher: The consolidated financial statements of Sarwa Capital Holding for Financial Investments showed a 36.4% year-on-year profit growth to EGP 406.51 million in 2019 from EGP 297.81 million, including minority shareholders’ rights. …
Cash Dividends
The banking sector is forecast to be the top beneficiary of the new amendment
23 December 2019 04:34 PM Ghabbour Auto among top beneficiaries of raising debt burden ratio – Report
Cairo – Mubasher: Several companies listed on the Egyptian Exchange (EGX) are expected to benefit the most from the Central Bank of Egypt’s (CBE) decision to raise the debt burden ratio of retail portfolio to 50%. The banking sector is forecast to …
Central Banks
This issue brings the total issuances by Sarwa Securitization to EGP 19 billion
15 December 2019 10:53 AM Sarwa Capital closes EGP 1.8bn securitised bonds
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced that Sarwa Securitization closed its latest securitised bond issuance worth EGP 1.8 billion backed by the portfolios of Contact Auto Credit and its affiliates. The …
Bonds
The new JV will be equally owned by the two companies
1 December 2019 11:59 AM Sarwa Capital, Premium International set up consumer finance JV
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments signed an agreement with Premium International for Credit Services (Premium Card) to establish a joint venture (JV) that will provide an innovative consumer finance product in …
Company News
EBRD's logo
23 November 2019 05:20 PM Egypt’s PM witnesses signing 3 agreement with EBRD
Cairo – Mubasher: Egypt’s prime minister Mostafa Madbouly has witnessed the signing of three agreements with the European Bank for Reconstruction and Development (EBRD) on the sidelines of Africa 2019 Conference. Egyptian investment minister Sahar …
Banking and Finance
Sarwa achieved profits of EGP 292.2 million in the first nine months of 2019
17 November 2019 02:05 PM Sarwa Capital profits up 11% in 9M
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments reported an increase in profits during the first nine months of the year by 10.9% year-on-year (YoY), as shown by the company’s consolidated financial statements. Sarwa achieved a …
Financial Results
The ESOP transaction involved the sale of 9.71 million shares
23 October 2019 06:04 PM Sarwa Capital’s ESOP cuts stake to 2.4%
Cairo – Mubasher: Beltone Securities Brokerage said that Sarwa Capital Holding’s employee stock ownership plan (ESOP) has reduced its stake to 2.44% from 3.74%. The ESOP transaction involved the sale of 9.71 million shares of Sarwa Capital for EGP …
Insider Trading & Treasury Stocks
This bond will increase Palm Hills’ total issuances to EGP 2.4 billion
22 October 2019 11:31 AM Palm Hills, Sarwa Capital conclude EGP 776m securitisation bond
Cairo – Mubasher: Palm Hills Development Co and Sarwa Capital have concluded the fourth securitisation bond at a value of EGP 776 million, backed by a receivables portfolio that includes 582 delivered units. “The three tranches received ratings of …
Corporate Actions
Such investment will be help Sarwa Life roll out quality products
26 September 2019 02:45 PM US Prudential Financial's unit to invest in Sarwa Life Insurance
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced signing an agreement with the US Prudential Financial Inc’s wholly-owned Impact & Responsible Investing unit. Under the deal, the US firm will inject investments into …
Companies Investments
Shareholders approved distributing 0.60 bonus share for every share held
9 September 2019 11:19 AM Sarwa Capital nods to bonus share distribution, capital raise
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced that its shareholders have approved the distribution of 448.8 million bonus shares at a nominal value of EGP 0.16 apiece during an ordinary general meeting (OGM). These …
General Assembly
Sales declined to EGP 1.03 billion
5 August 2019 00:22 PM Sarwa Capital logs EGP 193m profit in H1
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments posted a 24% year-on-year profit growth during the first half of 2019. The Egyptian firm’s profits surged to EGP 192.9 million in the January-June period of 2019, compared to EGP …
Financial Results
The company's net profits amounted to EGP 127.87 million in Q1-19
15 July 2019 00:48 PM Egypt’s FRA approves Sarwa Capital’s sukuk securitisation business
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced that its unit Sarwa Sukuk Company has obtained a sukuk securitisation licence from the Egyptian Financial Regulatory Authority (FRA). The Sharia-compliant sukuk issuance …
Corporate Actions
Sales retreated to EGP 483 million
14 May 2019 01:35 PM Sarwa Capital’s profit jumps 130% in Q1
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments reported a 129.8% year-on-year hike in its consolidated profits during the first quarter of 2019. The Cairo-based firm’s net profits stood at EGP 127.87 million in the three-month …
Financial Results
The company spent the amount on financing its expansion
28 March 2019 05:14 PM Sarwa Capital invests EGP 639m from subscription proceeds
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments has spent EGP 639.2 million of its EGP 700 million subscription returns at the end of 31 December. The consumer finance provider spent the amount on financing its expansion, …
Corporate Actions
Sarwa Capital to issue financing bonds for Porto Group
25 March 2019 11:52 AM Sarwa Capital to issue financing bonds for Porto Group
Cairo – Mubasher: Porto Group Holding’s board of directors has assigned Sarwa Capital Holding for Financial Investments to consider bonds issuance to finance the group’s projects. Abdel Mohsen Mahmoud, Tamer Saleh, and Mohammed Abdel Gabar Keshk …
Real estate
Sarwa Promotion & Underwriting issued bonds for total receivables of EGP 1.6 billion
6 March 2019 05:57 PM Palm Hills, Sarwa Capital close EGP 760m securitisation bond issue
Cairo - Mubasher: Palm Hills Developments (PHD) on Wednesday announced closing its latest securitisation bond issue with Sarwa Capital Holding for Financial Investments. The closed bonds are backed by the receivables portfolio of 670 delivered …
Bonds
The entire issued shares will be allocated for the reward and motivation system approved by the FRA
4 March 2019 00:57 PM Sarwa Capital nods to capital hike for reward, motivation system
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments’ board of directors has approved a capital increase through the issuance of 28 million shares with nominal value financed by retained earnings. The entire issued shares will be …
Corporate Actions
Sarwa Capital had established the two companies in 2018 with an initial capital of EGP 100 million each
4 March 2019 09:38 AM Egypt’s FRA greenlights Sarwa Capital’s insurance business
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced it has obtained a licence from the Financial Regulatory Authority (FRA) to begin the business of its insurance subsidiaries, namely Sarwa Insurance and Sarwa Life …
Companies Investments
The Cairo-based firm’s profits rose to EGP 283 million in 2018
27 February 2019 10:51 AM Sarwa Capital’s profit jumps 51% in 2018
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments reported a 51% year-on-year profit hike during the full-year 2018. The Cairo-based firm’s profits rose to EGP 283 million in the 12-month period ended last December, from EGP 187 …
Financial Results
Almost eight stocks have exited from the index, while others have been included in the index
30 January 2019 03:49 PM Two stocks enter EGX30 – Report
By: Heba El-Kordy Cairo – Mubasher: Sarwa Capital Holding for Financial Investments and Cairo Investment and Real Estate Development have joined the Egyptian Exchange’s (EGX) benchmark EGX30 index after being listed on the bourse for four months. …
Trading Activities