U Consumer Finance (Valu) announced today its intention to proceed with the trading of its shares on the Egyptian Exchange following the completion of an in-kind dividend distribution by EFG Holding.
Valu was listed on the EGX on May 21, 2025, and its shares will be admitted to trading on the EGX following registration with the Egyptian Financial Regulatory Authority, the completion of the dividend distribution and the ratification of the trading disclosure report by the authority.
The commencement of trading on the Valu shares on the EGX is expected to take place during the week commencing on June 22, 2025, subject to receipt of the relevant regulatory approvals.
Dividend distribution policy approved
Valu’s dividend distribution was approved by the Ordinary General Assembly meeting of the shareholders of EFG Holding on May 24. The OGM approved the utilization of EGP335.32 million out of the distributable retained earnings of EFG Holding based on its financial statements for the financial year ending on December 31, 2024.
Valu will distribute an in-kind dividend instead of a cash dividend to EFG Holding shareholders in the form of shares, representing 20.488 percent of the share capital of Valu.
“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,” stated Walid Hassouna, CEO of Valu.
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Company to allocate one Valu share per 3.3273 EFG Holding shares
The company added that the dividend distribution is based on its book value according to the consolidated financial statements for the financial year ending on December 31, 2024. The ratio of the number of Valu shares that will be allocated to EFG Holding shareholders is one 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 on June 12, 2025, for the owners and purchasers of EFG Holding shares, which accordingly will become direct shareholders in Valu after completing the necessary procedures.
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.
