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 million in 2017, including minority shareholders’ rights, the company said in a statement on Wednesday.
The funding portfolio grew 24% on an annual basis to EGP 6.2 billion in 2018.
In addition, the company’s return on equity (ROE) reached 30.4%, while return on assets registered 5% last year.
In October 2018, the Egyptian Exchange (EGX) trading platform received the 226th entry on its list; the shares of Sarwa Capital.
The firm’s initial public offering (IPO) and private offering were conducted through 295.2 million shares, or 47.2% of the company’s capital, at a total value of EGP 2.2 billion.
The IPO was executed through 29.5 million shares, accounting for 10% of the total offered shares and 4.7% of the company’s capital.
Sarwa Capital’s IPO was oversubscribed 30.1 times and the total purchasing orders on the private offering reached 887.4 million shares.
