{"id":322204,"date":"2021-06-02T12:11:09","date_gmt":"2021-06-02T12:11:09","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=322204"},"modified":"2021-06-02T12:11:09","modified_gmt":"2021-06-02T12:11:09","slug":"wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/","title":{"rendered":"Wadi Degla\u2019s real estate arm plans to tap sukuk market next month"},"content":{"rendered":"

Wadi Degla Developments<\/a><\/strong> is planning nearly 2 billion Egyptian pounds sukuk issuance worth that will be managed by Contact Financial (previously known as Sarwa Capital) and Banque Misr investment arm Misr Capital, Contact Financial CFO Ayman El Sawy told Enterprise<\/p>\n

The sale might go ahead in as little as one month but is still subject to regulatory approvals, market conditions, and rating and auditing processes, El Sawy said.<\/p>\n

Wadi Degla is planning to use proceeds from the sale of the sharia-compliant bonds, which will likely be mudaraba sukuk<\/a>, to finance the launch of new phases in projects including residential developments Neopolis<\/a> in New Cairo\u2019s Mostakbal City and Blumar El Sokhna<\/a>.<\/p>\n

Advisors: ALC Alieldean Weshahi & Partners will act as legal counsel<\/strong>, alongside Contact and Misr Capital, which are currently in a \u201cstrategic alliance\u201d to work together exclusively on sukuk issuances under a mandate from the government to encourage a more active debt market, El Sawy told us.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wadi Degla Developments is planning nearly 2 billion Egyptian pounds sukuk issuance worth that will be managed by Contact Financial (previously known as Sarwa Capital) and Banque Misr investment arm Misr Capital, Contact Financial CFO Ayman El Sawy told Enterprise<\/p>\n","protected":false},"author":4,"featured_media":322205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29],"tags":[],"class_list":["post-322204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estates"],"yoast_head":"\nWadi Degla\u2019s real estate arm plans to tap sukuk market next month - egy-africa<\/title>\n<meta name=\"description\" content=\"Wadi Degla Developments is planning nearly 2 billion Egyptian pounds sukuk issuance worth that will be managed by Contact Financial (previously known as Sarwa Capital) and Banque Misr investment arm Misr Capital, Contact Financial CFO Ayman El Sawy told Enterprise\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wadi Degla\u2019s real estate arm plans to tap sukuk market next month - egy-africa\" \/>\n<meta property=\"og:description\" content=\"Wadi Degla Developments is planning nearly 2 billion Egyptian pounds sukuk issuance worth that will be managed by Contact Financial (previously known as Sarwa Capital) and Banque Misr investment arm Misr Capital, Contact Financial CFO Ayman El Sawy told Enterprise\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-02T12:11:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/06\/pages_459_1003.jpg?fit=680%2C450&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"680\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aya Abdulghany\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aya Abdulghany\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/\",\"name\":\"Wadi Degla\u2019s real estate arm plans to tap sukuk market next month - egy-africa\",\"isPartOf\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/06\/pages_459_1003.jpg?fit=680%2C450&ssl=1\",\"datePublished\":\"2021-06-02T12:11:09+00:00\",\"dateModified\":\"2021-06-02T12:11:09+00:00\",\"author\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\"},\"description\":\"Wadi Degla Developments is planning nearly 2 billion Egyptian pounds sukuk issuance worth that will be managed by Contact Financial (previously known as Sarwa Capital) and Banque Misr investment arm Misr Capital, Contact Financial CFO Ayman El Sawy told Enterprise\",\"breadcrumb\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/06\/pages_459_1003.jpg?fit=680%2C450&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/06\/pages_459_1003.jpg?fit=680%2C450&ssl=1\",\"width\":680,\"height\":450},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/egy-africa.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wadi Degla\u2019s real estate arm plans to tap sukuk market next month\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/egy-africa.com\/en\/#website\",\"url\":\"https:\/\/egy-africa.com\/en\/\",\"name\":\"egy-africa\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/egy-africa.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\",\"name\":\"Aya Abdulghany\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"caption\":\"Aya Abdulghany\"},\"sameAs\":[\"http:\/\/egy-africa.com\",\"mohamed nour\"],\"url\":\"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wadi Degla\u2019s real estate arm plans to tap sukuk market next month - egy-africa","description":"Wadi Degla Developments is planning nearly 2 billion Egyptian pounds sukuk issuance worth that will be managed by Contact Financial (previously known as Sarwa Capital) and Banque Misr investment arm Misr Capital, Contact Financial CFO Ayman El Sawy told Enterprise","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/","og_locale":"en_US","og_type":"article","og_title":"Wadi Degla\u2019s real estate arm plans to tap sukuk market next month - egy-africa","og_description":"Wadi Degla Developments is planning nearly 2 billion Egyptian pounds sukuk issuance worth that will be managed by Contact Financial (previously known as Sarwa Capital) and Banque Misr investment arm Misr Capital, Contact Financial CFO Ayman El Sawy told Enterprise","og_url":"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/","og_site_name":"egy-africa","article_published_time":"2021-06-02T12:11:09+00:00","og_image":[{"width":680,"height":450,"url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/06\/pages_459_1003.jpg?fit=680%2C450&ssl=1","type":"image\/jpeg"}],"author":"Aya Abdulghany","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aya Abdulghany","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/","url":"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/","name":"Wadi Degla\u2019s real estate arm plans to tap sukuk market next month - egy-africa","isPartOf":{"@id":"https:\/\/egy-africa.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/#primaryimage"},"image":{"@id":"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/06\/pages_459_1003.jpg?fit=680%2C450&ssl=1","datePublished":"2021-06-02T12:11:09+00:00","dateModified":"2021-06-02T12:11:09+00:00","author":{"@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131"},"description":"Wadi Degla Developments is planning nearly 2 billion Egyptian pounds sukuk issuance worth that will be managed by Contact Financial (previously known as Sarwa Capital) and Banque Misr investment arm Misr Capital, Contact Financial CFO Ayman El Sawy told Enterprise","breadcrumb":{"@id":"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/#primaryimage","url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/06\/pages_459_1003.jpg?fit=680%2C450&ssl=1","contentUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/06\/pages_459_1003.jpg?fit=680%2C450&ssl=1","width":680,"height":450},{"@type":"BreadcrumbList","@id":"https:\/\/egy-africa.com\/en\/2021\/06\/02\/wadi-deglas-real-estate-arm-plans-to-tap-sukuk-market-next-month\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/egy-africa.com\/en\/"},{"@type":"ListItem","position":2,"name":"Wadi Degla\u2019s real estate arm plans to tap sukuk market next month"}]},{"@type":"WebSite","@id":"https:\/\/egy-africa.com\/en\/#website","url":"https:\/\/egy-africa.com\/en\/","name":"egy-africa","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/egy-africa.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131","name":"Aya Abdulghany","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","caption":"Aya Abdulghany"},"sameAs":["http:\/\/egy-africa.com","mohamed nour"],"url":"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/06\/pages_459_1003.jpg?fit=680%2C450&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pcF3XZ-1lOQ","_links":{"self":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/322204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/comments?post=322204"}],"version-history":[{"count":2,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/322204\/revisions"}],"predecessor-version":[{"id":322207,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/322204\/revisions\/322207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media\/322205"}],"wp:attachment":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media?parent=322204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/categories?post=322204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/tags?post=322204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}