Valu prepares EGX debut after securing 25% market share in consumer finance

Valu Prepares for EGX Debut After Securing 25% Consumer Finance Market Share
Valu (U Consumer Finance S.A.E.), a prominent financial technology company in Egypt, today announced its intention to list its shares on the Egyptian Exchange (EGX). This follows an in-kind dividend distribution by its parent company, EFG Holding S.A.E. The listing occurred on May 21, 2025, with trading set to commence on the EGX pending registration with the Egyptian Financial Regulatory Authority (FRA), completion of the dividend distribution, and FRA's ratification of the trading disclosure report.

Dividend Distribution Details
The in-kind dividend distribution was approved by EFG Holding's Ordinary General Assembly meeting on May 24, 2025. Shareholders approved using EGP 335,322,346 from EFG Holding's distributable retained earnings (based on its financial statements as of December 31, 2024) to distribute shares in Valu's capital to EFG Holding shareholders. These shares represent 20.488% of Valu's share capital.

The distribution ratio is 1 Valu share for every 3.3273 EFG Holding shares, with fractional shares allocated to minority shareholders. The record date for EFG Holding shareholders to receive Valu shares is June 12, 2025, for those owning shares at the close of trading on that day. These individuals will become direct shareholders in Valu after the necessary procedures are completed.

EGX Trading Commencement and Advisors
Trading of Valu shares on the EGX is anticipated to begin during the week of June 22, 2025, subject to regulatory approvals.

EFG Hermes Promoting and Underwriting S.A.E. served as the sole financial advisor for the transaction, while Zulficar & Partners acted as legal counsel for Valu and EFG Holding. Additionally, Gibson, Dunn & Crutcher LLP provided legal counsel to EFG Holding for the international aspects of the transaction.

CEO's Vision
Walid Hassouna, Valu’s Chief Executive Officer, commented on the listing, stating: "This listing marks a significant milestone in Valu’s journey and is a testament to the disruptive and positive impact we have made in the market as one of the leading fintech players in the MENA region and Egypt’s leading fintech platform. With the full backing of our parent, EFG Holding, we’re unlocking new value for our customers and shareholders and accelerating our mission to democratize access to finance in the region.”