The company is expected to submit its registration documents to the Egyptian Financial Regulatory Authority (FRA) at the end of July or in early August. A source told Daily News Egypt that Beltone initiated the pre-IPO roadshow for the company’s shares. The offering will be promoted after setting the fair value for the company’s shares, which will follow selecting the independent financial adviser. Sarwa Capital has been active in a number of financial sectors, notably securitisation. The company has conducted securitisation worth EGP 10bn since 2005, along with some operations in consumer finance, leasing, mortgage, and insurance.

Source: Daily News Egypt May 28, 2018 15:45 UTC