Egypt’s Sarwa Capital Seeks Raising About $120 Million in IPO
CAIRO (Capital Markets in Africa) – Sarwa Capital, an Egyptian consumer and structured-finance provider, plans to sell a stake of as much as 40 percent in an initial public offering to raise capital for expansion. The Cairo-based company plans to list the shares on the local stock exchange in early October, Chief Executive Officer Hazem Moussa said in an interview. The company will use the proceeds, expected to be about $120 million, to grow consumer…
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