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Contact Financial Holding S.A.E

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16 February 2022 03:05 PM Egypt's Wasla secures $9m from Contact
Cairo – Mubasher: Contact Financial Holding, formerly Sarwa Capital, has invested $9 million in Egypt-based Wasla, an e-commerce super app offering an end-to-end solution. Through a series of investments, Contact seeks to enable Wasla to extend …
Total revenues retreated to EGP 1.14 billion
10 November 2021 00:10 PM Contact Financial Holding's 9M profit leaps 69%
Cairo – Mubasher: Contact Financial Holding achieved consolidated net profits of EGP 341.92 million in the nine-month period ended 30 September, a surge of 69% year-on-year (YoY) from EGP 202.24 million, including minority shareholders' rights.  …
The company aims to improve the user experience by providing a holistic pricing tool
22 September 2021 10:37 AM Contactcars.com acquires Sa3ar Technology
Cairo – Mubasher: Contactcars.com, a subsidiary of Contact Financial Holding, has acquired Sa3ar Technology Solutions, a dealer-specific auction dealer that provides car valuation technology.  Through this acquisition, the company aims to improve …
The company reported net profits of EGP 227.755 million in six months
9 September 2021 00:35 PM Contact Financial Holding's shareholders approve adding promotion, underwriting services
Cairo – Mubasher: The extraordinary general meeting (EGM) of Contact Financial Holding approved the addition of subscription promotion and underwriting activities, according to a bourse disclosure on Thursday.  During the first half (H1) of 2021, …
The revenues declined to EGP 749.17 million in the six-month period
11 August 2021 10:34 AM Contact Financial Holding's H1 profit hikes 71%
Cairo – Mubasher: Contact Financial Holding reported a 71.1% year-on-year (YoY) surge in its consolidated net profits to EGP 227.755 million in the first half (H1) of 2021, compared to EGP 133.1 million, including minority shareholders' rights. On …
This brings Contact's total Sukuk issuances to EGP 5 billion
27 July 2021 10:47 AM Contact Financial Holding closes second Sukuk issuance worth EGP 2.5bn
Cairo - Mubasher: Contact Financial Holding has closed its second Sukuk issuance worth EGP 2.5 billion by its Sukuk arm, Sarwa Sukuk Company. The Shariah-compliant Mudaraba Sukuk, which has a seven-year tenor, received a high credit rating of A- …
The four tranches of the bonds received ratings of AA+, AA, A, and A-.
8 June 2021 04:51 PM Palm Hills closes securitisation bond backed by EGP 1.2bn receivables
Cairo – Mubasher: Palm Hills Developments (PHD) announced the closing of its sixth securitisation bond issuance in collaboration with Sarwa Capital, a subsidiary of Contact Financial Holding. The issuance is backed by a portfolio of receivables …
The company’s revenues slid to EGP 413.83 million
17 May 2021 06:01 PM Contact Financial Holding logs EGP 115m profit in Q1
Cairo – Mubasher: Contact Financial Holding achieved net profits of EGP 114.77 million in the first quarter (Q1) of 2021, up by 22.38% year-on-year (YoY) from EGP 93.78 million, including minority shareholders’ rights. The company’s revenues slid …
The company will pay a total of EGP 126 million in cash dividends
17 March 2021 01:35 PM Sarwa Capital's shareholders approve cash dividends for 2020
Cairo – Mubasher: The ordinary general meeting (OGM) of Sarwa Capital Holding for Financial Investments approved a cash dividend of EGP 0.107 per share for 2020’s earnings. The company will pay a total of EGP 126 million in cash dividends, …
Sarwa Capital achieved net profits of EGP 367.4 million in 2020
16 February 2021 11:54 AM Sarwa Capital's shareholders approve rebranding to Contact Financial Holding
Cairo – Mubasher: The extraordinary general meeting (EGM) of Sarwa Capital Holding for Financial Investments approved the board’s recommendation to rebrand to Contact Financial Holding. The company’s shareholders also decided to amend the …
Revenues from goods and services sales declined to EGP 2.17 billion
16 February 2021 11:27 AM Sarwa Capital's profit down 10% in 2020
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments posted net profits of EGP 367.4 million in 2020, down by 9.6% year-on-year (YoY) from EGP 406.51 million, including minority shareholders’ rights. The company’s revenues from goods …
The deal involved the trading of 350.08 million shares
11 February 2021 04:58 PM Orascom Financial Holding buys 29% stake in Sarwa Capital for EGP 1.6bn
Cairo – Mubasher: Orascom Investment Holding (OIH) sold its entire stake of 29.25% in Sarwa Capital Holding for Financial Investments. The deal involved the trading of 350.08 million shares at a total value of EGP 1.6 billion, averaging EGP 4.58 …
The deal involved the trading of 350.08 million shares
11 February 2021 00:30 PM Sarwa Capital sees EGP 1.6bn block-trading deal
Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block-trading transaction on the shares of Sarwa Capital Holding for Financial Investments. The deal involved the trading of 350.08 million shares at a total value of EGP 1.6 billion, the …
The proposal is still pending shareholder approval
27 January 2021 00:05 PM Sarwa Capital's board proposes rebranding to Contact Financial Holding
Cairo – Mubasher: The board of directors Sarwa Capital Holding for Financial Investments approved a decision to rebrand to Contact Financial Holding. The board also decided to amend the company’s authorised capital in accordance with the Financial …
This issue raises the total debt issuances by Sarwa in 2020 to EGP 6 billion
28 December 2020 00:05 PM Sarwa Capital closes EGP 1.6bn securitised bonds
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments said that Sarwa Securitization closed its latest securitised bond issuance worth EGP 1.6 billion backed by the portfolios of Sarwa’s subsidiary Contact Auto Credit and its …
Sarwa Capital generated EGP 1.92 billion in revenue
11 November 2020 01:33 PM Sarwa Capital’s profit slumps 31% in 9M
Cairo – Mubasher: The consolidated net profits of Sarwa Capital Holding for Financial Investments dropped by 30.7% year-on-year (YoY) to EGP 202.24 million in the first nine months of 2020 from EGP 292.22 million, including minority shareholders’ …
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 …
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 …
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 …
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. …
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 …
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. …
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 …
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 …
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 …