EAEF Announces An Investment In Sarwa Capital

The Egyptian-American Enterprise Fund (“EAEF”) today announced that it has entered into conditional binding agreements to invest in Sarwa Capital S.A.E. (“Sarwa Capital”), a pioneer in consumer finance, leasing and securitization in Egypt. The transaction includes the injection of US$20 million of new capital to enhance the company’s capital base, in addition to acquiring some existing stakes giving EAEF a majority stake in the business.