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Amer inks protocol with Misr Capital, Sarwa to study Sukuk issuance

Amer inks protocol with Misr Capital, Sarwa to study Sukuk issuance
Amer Group achieved net profits of EGP 10.65 million in Q1-20
Amer Group
AMER
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Cairo – Mubasher: Amer Group Holding Co announced signing a protocol of cooperation with Sarwa Promotion and Underwriting and Misr Capital Investments to conduct an initial study for the company’s first Sukuk issuance.

Under the protocol, the two companies will provide all financial consultations as managers, coordinators, and promoters for the issuance by determining the size and terms of the Sukuk issuance, according to a statement to the Egyptian Exchange (EGX) on Thursday.

It is worth mentioning that during the first quarter of 2020, Amer Group achieved net profits of EGP 10.65 million, versus net losses of EGP 4.55 million in the year-ago period.