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 company’s authorised capital to EGP 950 million from EGP 1 billion in accordance with the Financial Regulatory Authority’s (FRA) decision, according to a bourse disclosure on Tuesday.
In addition, the EGM approved a decision to increase the maximum limit on the number of board members to 13 instead of 11.
During 2020, Sarwa Capital achieved net profits of EGP 367.4 million, down from EGP 406.51 million in 2019, including minority shareholders’ rights
