Egypt’s Valu to Begin Trading on EGX After Share Distribution by EFG
TLDR
- Valu, Egypt’s leading consumer finance fintech firm, is preparing to commence trading on the Egyptian Exchange (EGX)
- The listing occurred on 21 May 2025. Trading is expected to begin during the week of 22 June 2025, subject to regulatory approvals
- The move follows regulatory filing and registration steps with the Egyptian Financial Regulatory Authority
Valu, Egypt’s leading consumer finance fintech firm, is preparing to commence trading on the Egyptian Exchange (EGX), following the completion of an in-kind dividend distribution by its parent company, EFG Holding. The listing occurred on 21 May 2025. Trading is expected to begin during the week of 22 June 2025, subject to regulatory approvals.
EFG Holding’s shareholders approved the distribution during an Ordinary General Assembly on 24 May 2025. The company will allocate EGP 335.3 million from retained earnings to distribute shares in Valu, equivalent to 20.488% of Valu’s share capital. Eligible EFG Holding shareholders will receive 1 Valu share for every 3.3273 shares held as of the 12 June 2025 record date.
The move follows regulatory filing and registration steps with the Egyptian Financial Regulatory Authority. EFG Hermes Promoting and Underwriting S.A.E. acted as sole financial advisor, with legal support from Zulficar & Partners and Gibson, Dunn & Crutcher LLP.
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Key Takeaways
Valu’s upcoming market debut via in-kind distribution signals a shift in how Egypt’s leading financial institutions are unlocking value in their fintech holdings. Rather than opting for a traditional IPO, EFG Holding is using retained earnings to distribute a stake in Valu directly to shareholders. This move offers a path for public exposure while retaining control and minimizing cash outflows. Valu has been one of Egypt’s standout fintech players, offering point-of-sale lending, buy-now-pay-later services, and digital financial products. The decision to spin off part of its equity reflects investor appetite for exposure to Egypt’s growing digital finance sector, which has seen rising demand due to shifts in consumer behavior and regulatory support. The structure of the transaction mirrors similar models used in emerging markets to increase capital market depth without diluting core ownership or triggering immediate public flotation hurdles. As fintechs like Valu seek capital market validation, more parent companies may follow this model to balance liquidity, valuation discovery, and strategic control.
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