Latest news with #EFGHolding
Zawya
17 hours ago
- Business
- Zawya
Egypt: U Consumer Finance's shares to start trading on EGX as of June 23rd
Arab Finance: Trading on the shares of U Consume Finance (valU) on the Egyptian Exchange (EGX) will start as of Monday, June 23 rd, 2025, according to a bourse disclosure. The opening price will be based on the execution price of the share distribution transaction stipulated in the disclosure report for trading purposes, valued at EGP 0.777. The shares will be added to the list of securities permitted for trading with a price increment of EGP 0.001. Meanwhile, the price limits on valU's shares during the first trading session shall be within the range of the nominal value of EGP 0.10 as minimum and the fair value of EGP 7.40 at maximum, as stipulated in the disclosure report. The buy-now, pay-later (BNPL) platform temporarily listed its shares on EGX last May after obtaining EFG Holding's approval for the transaction. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
12-06-2025
- Business
- Zawya
Egypt: FRA greenlights EFG Holding's new listing mechanism via U Consumer Finance
Arab Finance: The Financial Regulatory Authority (FRA) has approved the publication of the disclosure report of U Consumer Finance, formerly known as valU and a subsidiary of EFG Holding, for the trading of its shares on the Egyptian Exchange (EGX), the FRA stated on June 10th. The step marks a new legal mechanism proposed by EFG Holding and approved by the FRA, enabling the listing and trading of company shares without the need for a public or private offering or a capital increase. Aِccordingly, EFG Holding will benefit from this first-of-its-kind move in the Egyptian market to use a dividend distribution mechanism as a means to expand the ownership base and listing for trading purposes. The method converts indirect ownership into direct ownership, broadens shareholder participation, and introduces a more flexible approach to market entry for companies operating in the non-banking financial services sector. The company has fulfilled the necessary listing requirements and prepared a report that includes all legal, financial, and technical details of the process. U Consumer Finance will become the first consumer finance company to be listed on the EGX, reinforcing the FRA's strategy to integrate non-banking financial institutions into capital markets. The move aims to expand the base of listed companies in the sector and promote the benefits of listing, including enhanced transparency, governance, funding options, and compliance with sustainability standards. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
29-05-2025
- Business
- Zawya
Egypt: valU to begin trading on EGX in June
Arab Finance: valU is intending to proceed with trading on the Egyptian Exchange (EGX) following the completion of an in-kind dividend distribution by EFG Holding, as per an emailed press release. The Buy-Now, Pay-Later (BNPL) was listed on the EGX on May 21st, 2025. Trading on its shares is expected to begin on June 22nd. Trading the shares is subject to registration with the Financial Regulatory Authority (FRA), completion of the in-kind distribution process, and the FRA's ratification of the trading disclosure report. EFG Holding's ordinary general assembly (OGM) approved the dividend distribution on May 24th, allocating EGP 335.3 million from retained earnings, based on its book value per 2024 consolidated financial statements, for the distribution of valU shares to shareholders instead of a cash dividend. The distributed shares represent 20.488% of valU's share capital. Shareholders of EFG Holding will receive 1 valU share for every 3.3273 EFG Holding shares owned, with fractional shares allocated to minority shareholders. The record date for determining eligible shareholders is set on June 12th, 2025. EFG Hermes Promoting and Underwriting acted as sole financial advisor to valU and EFG Holding on the transaction. Zulficar & Partners served as local legal counsel, while Gibson, Dunn & Crutcher LLP advised EFG Holding on international legal matters. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Argaam
28-05-2025
- Business
- Argaam
U Consumer Finance S.A.E., Known Under the Trademark of Valu Announces its Intention to Float on The Egyptian Exchange
Logo of U Consumer Finance S.A.E. ('Valu') U Consumer Finance S.A.E. ('Valu'), the leading universal financial technology powerhouse in Egypt, announced today its intention to proceed with the trading of its shares on the Egyptian Exchange (the 'EGX'), following the completion of an in-kind dividend distribution* by EFG Holding S.A.E. ('EFG Holding') (the 'Dividend Distribution'). Valu was listed on the EGX on 21 May 2025 (the 'Listing,' and together with the Dividend Distribution, the 'Transaction'). Valu's shares will be admitted to trading on the EGX following registration with the Egyptian Financial Regulatory Authority (the 'FRA'), the completion of the Dividend Distribution and the ratification of the trading disclosure report by the FRA**. The Dividend Distribution was approved by the Ordinary General Assembly meeting of the shareholders of EFG Holding on 24 May 2025 (the 'OGM'). The OGM approved the utilization of EGP 335,322,346 out of the distributable retained earnings of EFG Holding, which figure is based on the financial statements of EFG Holding for the financial year ending on 31 December 2024, for the purposes of an in-kind dividend distribution (in lieu of a cash dividend distribution) to the shareholders of EFG Holding, in the form of shares in the share capital of Valu, which shares represent 20.488% of the share capital of Valu. The Dividend Distribution is based on Valu's book value according to the consolidated financial statements for the financial year ending on 31 December 2024. The ratio of the number of Valu shares that will be allocated to the shareholders of EFG Holding is 1 Valu share per3.3273 EFG Holding shares (with fractional shares allocated to minority shareholders). As announced earlier today, EFG Holding has determined that the record date is set on 12 June 2025, for the owners of shares of EFG Holding and the purchasers of shares of EFG Holding, as of the end of the trading session held on the Thursday 12 June 2025, which accordingly will become direct shareholders in Valu, after completing the necessary procedures. The commencement of trading on the Valu shares on the EGX is expected to take place during the week commencing on 22 June 2025, subject to receipt of the relevant regulatory approvals. Valu and EFG Holding engaged EFG Hermes Promoting and Underwriting S.A.E. to act as sole financial advisor in connection with the Transaction, and Zulficar & Partners to act as legal counsel. EFG Holding also engaged Gibson, Dunn & Crutcher LLP to act as legal counsel to EFG Holding in connection with the international aspects of the Transaction. Walid Hassouna, Valu's Chief Executive Officer Commenting on the Listing, Walid Hassouna, Valu's Chief Executive Officer, said: "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.' *An in-kind dividend is a non-cash payout of assets to shareholders, often used for distributing securities, property, or other assets instead of cash. **Please note that the trading disclosure report has not been ratified by the FRA yet. KEY INVESTMENT HIGHLIGHTS The leading fintech platform in Egypt offering a universal suite of financial solutions to individuals and businesses - Valu is Egypt's prominent consumer finance and digital financial services platform, with a market-leading position in Consumer Finance, Buy-Now-Pay-Later (BNPL), and prepaid cards. It commands a c. 25% share of the EGP 17bn total issuances in the market in Q1 2025 (c.27% excluding auto loans), with unmatched brand equity and reach. - The company has delivered robust growth since inception, recording over EGP 41bn in gross merchandise value (GMV) and over 9.2 million cumulative transactions as of the first quarter of 2025, enabled by a deeply embedded network of over 8,000 merchants. - In Q1 2025, Valu's average daily transactions reached 16k vs. 7.2k in Q1 2024, a testament to the scalability of the platform and its robust growth. Resilient and scalable business model supported by exceptional financial performance - Valu has delivered a 118% GMV CAGR, 116% loan issuances CAGR, and 146% gross revenue CAGR between 2019 and 2024. - In FY 2024, Valu generated EGP 3.1bn in gross revenue, with net income reaching EGP 423mn – a 78% increase year-on-year – demonstrating strong operating leverage and margin enhancement. A comprehensive product universe with proven monetization across verticals - Valu offers an end-to-end platform across lending (BNPL, cash redemption, luxury financing, auto financing), payments (prepaid and co-branded cards), investments (EFG Hermes ONE, AZ Valu Fund), and B2B financial solutions (Valu Business). - Its recently launched prepaid card (in partnership with Visa) gained significant traction and contributed to 30.7% of FY 2024 transactions. A digitally native, brand-driven customer base with market-defining reach and loyalty - Valu is the most recognized fintech brand in Egypt, with 100% brand awareness and 89.4% positive/neutral sentiment in market surveys. - The company commands 45% of all BNPL-related digital conversations in Egypt, supported by a growing digital community of over 1.7 million followers across social platforms. Technology-first DNA with proprietary, AI-driven risk underwriting infrastructure - Valu's in-house machine learning models allow instant credit decisioning in under 10 minutes, with automated fraud detection and dynamic risk scoring. - This drives strong risk metrics, with an 0.72% NPL ratio as of December 2024, even amid hypergrowth. A diversified and well-capitalized funding platform with extensive securitization track record - The company has issued 14 securitized bond offerings with a cumulative EGP 13.3bn securitized portfolio and holds EGP 8.3bn in authorized funding lines from 22 partner banks and NBFIs as of the first quarter of 2025. - Securitization and off-balance-sheet funding reduce leverage risk and enable efficient capital deployment. Clear roadmap for growth through innovation, expansion, and efficiency gains - Valu is expanding into adjacent verticals including affiliate marketing and prepaid payments, and is evaluating regional expansion opportunities. - The company is executing cost optimization initiatives and leveraging scale to enhance operating margins. Proven leadership team with a track record of scale, innovation, and execution - Led by CEO Walid Hassouna, Valu's management team includes experts in strategy, risk, data science, product development, and finance, with a strong track record of launching and scaling innovative financial products. FINANCIAL HIGHLIGHTS Average Daily Transactions: 16k transactions per day in Q1 2025 compared to 7k transactions per day in Q1 2024. Gross Merchandise Value (GMV): EGP 16.5bn in 2024; 118% CAGR since 2019. Loan Issuances: EGP 14.8bn in 2024: 116% CAGR since 2019. Gross Revenue: EGP 3,057mn in 2024: 146% CAGR since 2019. Net Revenue: EGP 1,529mn in 2024: 139% CAGR since 2019. Net Profit: EGP 423mn in 2024, vs. EGP 237mn in 2023 (+78% y-o-y), 164% CAGR since 2019. Note: NOT FOR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. This announcement is not a prospectus and not an offer of securities for sale or subscription in any jurisdiction, including in or into the United States of America, Canada, Japan, South Africa, the United Arab Emirates or Australia. Nothing in this announcement is intended to, or constitutes, an offer (or an intention to make an offer) by any person for shares in U Consumer Finance S.A.E. No shares are being offered to the public by means of this announcement .
Wamda
28-05-2025
- Business
- Wamda
Valu prepares EGX debut after securing 25% market share in consumer finance
Egypt's buy now pay later (BNPL) fintech Valu has announced its intention to list on the Egyptian Exchange (EGX) following an in-kind dividend distribution by parent company EFG Holding. Valu's shares were officially listed on 21 May 2025, and trading is expected to commence the week of 22 June 2025, pending regulatory approvals. valU, founded in 2017, is a subsidiary of EFG Hermes Holding that provides a buy now pay later (BNPL) service with a presence in Egypt and Saudi Arabia. Valu claims to have recorded EGP 3.1 billion in gross revenue and EGP 423 million in net profit for FY 2024. Press release: U Consumer Finance S.A.E. ('Valu'), the leading universal financial technology powerhouse in Egypt, announced today its intention to proceed with the trading of its shares on the Egyptian Exchange (the 'EGX'), following the completion of an in-kind dividend distribution* by EFG Holding S.A.E. ('EFG Holding') (the 'Dividend Distribution'). Valu was listed on the EGX on 21 May 2025 (the 'Listing', and together with the Dividend Distribution, the 'Transaction'). Valu's shares will be admitted to trading on the EGX following registration with the Egyptian Financial Regulatory Authority (the 'FRA'), the completion of the dividend distribution, and the ratification of the trading disclosure report by the FRA. The dividend distribution was approved by the Ordinary General Assembly meeting of the shareholders of EFG Holding on 24 May 2025 (the 'OGM'). The OGM approved the utilisation of EGP 335,322,346 out of the distributable retained earnings of EFG Holding, which figure is based on the financial statements of EFG Holding for the financial year ending on 31 December 2024, for the purposes of an in-kind dividend distribution (in lieu of a cash dividend distribution) to the shareholders of EFG Holding in the form of shares in the share capital of Valu, which shares represent 20.488% of the share capital of Valu. The dividend distribution is based on Valu's book value according to the consolidated financial statements for the financial year ending on 31 December 2024. The ratio of the number of Valu shares that will be allocated to the shareholders of EFG Holding is 1 Valu share per 3.3273 EFG Holding shares (with fractional shares allocated to minority shareholders). As announced earlier today, EFG Holding has determined that the record date is set for 12 June 2025 for the owners of shares of EFG Holding and the purchasers of shares of EFG Holding as of the end of the trading session held on Thursday, 12 June 2025, who accordingly will become direct shareholders in Valu after completing the necessary procedures. The commencement of trading on the Valu shares on the EGX is expected to take place during the week commencing on 22 June 2025, subject to receipt of the relevant regulatory approvals. Valu and EFG Holding engaged EFG Hermes Promoting and Underwriting S.A.E. to act as sole financial advisor in connection with the transaction and Zulficar & Partners to act as legal counsel. EFG Holding also engaged Gibson, Dunn & Crutcher LLP to act as legal counsel to EFG Holding in connection with the international aspects of the transaction. Commenting on the listing, Walid Hassouna, Valu's Chief Executive Officer, said, "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 democratise access to finance in the region.'
