Amer group signs with Sarwa, Misr Capital to get into corporate Sukuk activity

Amer Group have signed with Sarwa Capital and Misr Capital Investments, Banque Misr’s investment arm, as advisors on a potential corporate sukuk issuance.

The issuance would be Amer Group’s first. Sarwa and Misr Capital will act as financial advisors for the issuance, including laying out a plan for the size, timing, and strategy for the offering, as well as taking it to market.

On the other hand, Talaat Moustafa Group concluded Egypt’s first corporate sukuk in April with a 2 billion Egyptian pounds offering.

It is unclear whether Amer Group’s issuance was among them. Sarwa also said last week that it had submitted the prospectus for a single-tranche 2.5 bn pounds sukuk issuanc