Sarwa Capital to raise paid-in capital to 100mn Egyptian pounds June-end

Sarwa Capital, a key provider of consumer and structured finance solutions in Egypt, says it plans to increase its paid-in capital to 100 million Egyptian pounds ($6.3 million) at the end of the 2019/2020 financial year.

“Our current paid-in capital reached 50 million pounds,” the company’s chief executive and managing director Ahmed Khalifa told Amwal Al Ghad on Wednesday.

The company’s strategy to increase its paid-in capital is a move to maximize its premium portfolio in the Egyptian market, Khalifa added.

Sarwa is a pioneer in consumer and structured financial services in Egypt. Operating since 2001, Sarwa adopts innovative approaches in extending its services, offering quality services with simple procedures and reaching a wide client base through its various subsidiaries, affiliates and partners.

Sarwa is authorised and regulated by the Financial Regulatory Authority (FRA).