Valu Begins Trading on EGX Through Innovative In-Kind Dividend Listing

AFRICAN STOCKS AND FINANCEJune 25, 2025 at 11:05 AM UTC

TLDR

EFG Holding has launched trading of its fintech arm, Valu, on the Egyptian Exchange (EGX), marking a first for Egypt’s consumer finance sector
On June 12, EFG distributed 20.488% of Valu’s share capital to its shareholders, funded by EGP 335.3 million from retained earnings
The transaction was approved and facilitated by Egypt’s Financial Regulatory Authority (FRA), which praised the structure as a model for expanding public ownership without traditional IPOs

EFG Holding has launched trading of its fintech arm, Valu, on the Egyptian Exchange (EGX), marking a first for Egypt’s consumer finance sector. The listing was executed through an innovative in-kind dividend distribution. On June 12, EFG distributed 20.488% of Valu’s share capital to its shareholders, funded by EGP 335.3 million from retained earnings. Shareholders received one Valu share for every 3.3273 EFG shares held.

Valu debuted with Amazon acquiring a 3.95% direct stake at EGP 6.041 per share. EFG Finance Holding retains 67% ownership post-listing. The transaction was approved and facilitated by Egypt’s Financial Regulatory Authority (FRA), which praised the structure as a model for expanding public ownership without traditional IPOs.

Valu processed 9.2 million transactions by Q1 2025, becoming the largest consumer finance platform in Egypt after major card networks. It holds 25% market share and posted a net profit of EGP 423 million in 2024—a 78% YoY increase. The company reported a 146% CAGR in gross revenue from 2019 to 2024.

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Points clés à retenir

Valu’s listing represents a breakthrough for Egypt’s capital market and fintech sector. By bypassing a conventional IPO and using a dividend-in-kind approach, EFG enabled broader shareholder participation and enhanced market liquidity without issuing new shares or diluting equity. The move reflects an increasing openness to alternative listing mechanisms among regulators. FRA Chairman Dr. Mohamed Farid called it a modern solution to expand ownership and deepen the capital market. Valu also becomes the first consumer finance company to list on the EGX, opening the door for other non-bank financial services to follow. Aggressive expansion, tech-driven services, and strategic funding sources, including securitizations and bank partnerships, have fueled Valu’s growth. The company has scaled a fully digital end-to-end fintech platform—complete with eKYC, digital contracts, and secure data infrastructure—cementing its status as a market leader in financial inclusion.

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