Contact Financial Holding (CNFN)

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News

19 March 11:37 AM Contact, Fawry join forces to expand digital payment solutions

Cairo – Mubasher: Contact Financial Holding penned a deal with Fawry for Banking Technology and Electronic Payments to enable Contact’s buy now, pay later (BNPL) service across Fawry’s extensive payment network. This cooperation supports Egypt's …

Companies Investments

7 April 2024 00:25 PM Egypt leads Middle East in Forbes fintech ranking with 13 companies

Cairo – Mubasher: Egypt led the Middle East as the most represented country in the Forbes ranking list of the region’s top companies in the financial technology (fintech) sector. The 13 Egyptian companies represented in the list include Fawry for …

Companies Investments

16 February 2022 03:05 PM Egypt's Wasla secures $9m from Contact

Cairo – Mubasher: Contact Financial Holding, formerly Sarwa Capital, has invested $9 million in Egypt-based Wasla, an e-commerce super app offering an end-to-end solution. Through a series of investments, Contact seeks to enable Wasla to extend …

Companies Investments

10 November 2021 00:10 PM Contact Financial Holding's 9M profit leaps 69%

Cairo – Mubasher: Contact Financial Holding achieved consolidated net profits of EGP 341.92 million in the nine-month period ended 30 September, a surge of 69% year-on-year (YoY) from EGP 202.24 million, including minority shareholders' rights.  …

Financial Results

22 September 2021 10:37 AM Contactcars.com acquires Sa3ar Technology

Cairo – Mubasher: Contactcars.com, a subsidiary of Contact Financial Holding, has acquired Sa3ar Technology Solutions, a dealer-specific auction dealer that provides car valuation technology.  Through this acquisition, the company aims to improve …

Mergers and Acquisitions

9 September 2021 00:35 PM Contact Financial Holding's shareholders approve adding promotion, underwriting services

Cairo – Mubasher: The extraordinary general meeting (EGM) of Contact Financial Holding approved the addition of subscription promotion and underwriting activities, according to a bourse disclosure on Thursday.  During the first half (H1) of 2021, …

Corporate Actions

11 August 2021 10:34 AM Contact Financial Holding's H1 profit hikes 71%

Cairo – Mubasher: Contact Financial Holding reported a 71.1% year-on-year (YoY) surge in its consolidated net profits to EGP 227.755 million in the first half (H1) of 2021, compared to EGP 133.1 million, including minority shareholders' rights. On …

Financial Results

27 July 2021 10:47 AM Contact Financial Holding closes second Sukuk issuance worth EGP 2.5bn

Cairo - Mubasher: Contact Financial Holding has closed its second Sukuk issuance worth EGP 2.5 billion by its Sukuk arm, Sarwa Sukuk Company. The Shariah-compliant Mudaraba Sukuk, which has a seven-year tenor, received a high credit rating of A- …

Sukuk and Islamic Finance

8 June 2021 04:51 PM Palm Hills closes securitisation bond backed by EGP 1.2bn receivables

Cairo – Mubasher: Palm Hills Developments (PHD) announced the closing of its sixth securitisation bond issuance in collaboration with Sarwa Capital, a subsidiary of Contact Financial Holding. The issuance is backed by a portfolio of receivables …

Bonds

17 May 2021 06:01 PM Contact Financial Holding logs EGP 115m profit in Q1

Cairo – Mubasher: Contact Financial Holding achieved net profits of EGP 114.77 million in the first quarter (Q1) of 2021, up by 22.38% year-on-year (YoY) from EGP 93.78 million, including minority shareholders’ rights. The company’s revenues slid …

Financial Results

17 March 2021 01:35 PM Sarwa Capital's shareholders approve cash dividends for 2020

Cairo – Mubasher: The ordinary general meeting (OGM) of Sarwa Capital Holding for Financial Investments approved a cash dividend of EGP 0.107 per share for 2020’s earnings. The company will pay a total of EGP 126 million in cash dividends, …

General Assembly

16 February 2021 11:54 AM Sarwa Capital's shareholders approve rebranding to Contact Financial Holding

Cairo – Mubasher: The extraordinary general meeting (EGM) of Sarwa Capital Holding for Financial Investments approved the board’s recommendation to rebrand to Contact Financial Holding. The company’s shareholders also decided to amend the …

Corporate Actions

16 February 2021 11:27 AM Sarwa Capital's profit down 10% in 2020

Cairo – Mubasher: Sarwa Capital Holding for Financial Investments posted net profits of EGP 367.4 million in 2020, down by 9.6% year-on-year (YoY) from EGP 406.51 million, including minority shareholders’ rights. The company’s revenues from goods …

Financial Results

11 February 2021 04:58 PM Orascom Financial Holding buys 29% stake in Sarwa Capital for EGP 1.6bn

Cairo – Mubasher: Orascom Investment Holding (OIH) sold its entire stake of 29.25% in Sarwa Capital Holding for Financial Investments. The deal involved the trading of 350.08 million shares at a total value of EGP 1.6 billion, averaging EGP 4.58 …

Mergers and Acquisitions

11 February 2021 00:30 PM Sarwa Capital sees EGP 1.6bn block-trading deal

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block-trading transaction on the shares of Sarwa Capital Holding for Financial Investments. The deal involved the trading of 350.08 million shares at a total value of EGP 1.6 billion, the …

Insider Trading & Treasury Stocks

27 January 2021 00:05 PM Sarwa Capital's board proposes rebranding to Contact Financial Holding

Cairo – Mubasher: The board of directors Sarwa Capital Holding for Financial Investments approved a decision to rebrand to Contact Financial Holding. The board also decided to amend the company’s authorised capital in accordance with the Financial …

Corporate Actions

28 December 2020 00:05 PM Sarwa Capital closes EGP 1.6bn securitised bonds

Cairo – Mubasher: Sarwa Capital Holding for Financial Investments said that Sarwa Securitization closed its latest securitised bond issuance worth EGP 1.6 billion backed by the portfolios of Sarwa’s subsidiary Contact Auto Credit and its …

Bonds

11 November 2020 01:33 PM Sarwa Capital’s profit slumps 31% in 9M

Cairo – Mubasher: The consolidated net profits of Sarwa Capital Holding for Financial Investments dropped by 30.7% year-on-year (YoY) to EGP 202.24 million in the first nine months of 2020 from EGP 292.22 million, including minority shareholders’ …

Financial Results

29 September 2020 11:37 AM Sarwa Capital's expansion plans not affected by COVID-19 - Interview

By: Islam Fadl Cairo – Mubasher: Sarwa Capital Holding for Financial Investments has managed to obtain the first consumer financing licence in Egypt and be officially authorised as the first consumer financing company at traffic departments, the …

Companies Investments

16 July 2020 05:55 PM Sarwa Capital's unit eyes EGP 2.5bn Sukuk issuance

Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced that its subsidiary Sarwa Sukuk is set to issue EGP 2.5 billion Sukuk. Sarwa Sukuk has submitted the prospectus for the issuance to the Financial Regulatory Authority …

Corporate Actions

21 May 2020 01:55 PM Sarwa Capital’s profit drops 27% in Q1-20

Cairo – Mubasher: The consolidated financial statements of Sarwa Capital Holding for Financial Investments reported a 26.6% year-on-year profit decline during the first quarter of 2020. The company’s net profits levelled down to EGP 93.78 million …

Financial Results

26 April 2020 10:50 AM Sarwa Capital’s unit receives 1st consumer credit licence

Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced that its subsidiary Contact Credit received the first consumer financing licence from the Financial Regulatory Authority (FRA) in line with the new Consumer Credit Act. …

Company News

31 March 2020 01:18 PM Sarwa Capital’s OGM nods to EGP 0.10/shr dividends for 2019

Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced that its ordinary general meeting (OGM) approved cash dividend distribution for 2019. The company’s shareholders decided to distribute a total of EGP 116.76 million or EGP …

General Assembly

1 March 2020 00:30 PM Sarwa Capital’s profit rises 36% in 2019; dividends proposed

Cairo – Mubasher: The consolidated financial statements of Sarwa Capital Holding for Financial Investments showed a 36.4% year-on-year profit growth to EGP 406.51 million in 2019 from EGP 297.81 million, including minority shareholders’ rights. …

Cash Dividends

23 December 2019 04:34 PM Ghabbour Auto among top beneficiaries of raising debt burden ratio – Report

Cairo – Mubasher: Several companies listed on the Egyptian Exchange (EGX) are expected to benefit the most from the Central Bank of Egypt’s (CBE) decision to raise the debt burden ratio of retail portfolio to 50%. The banking sector is forecast to …

Banking and Finance