Egypt: Vaiu concludes 17th securitized bond issuance at $9.4mln
Valu concluded the transaction with EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA).
The issuance is the first under the newly approved EGP 10 billion securitization program.
Rated Prime 1 (sf), the 12-month bond is backed by a receivables portfolio assigned to EFG for Securitization, which serves as the special purpose vehicle (SPV) for the offering.
Karim Riad, CFO of Valu, commented: 'This issuance marks a pivotal milestone in our ongoing strategy to diversify our funding base and strengthen our capital structure.'
Riad added: 'Coming on the heels of our successful listing on the Egyptian Exchange, this transaction further demonstrates our ability to access diverse capital markets and reinforces our position as a leading force in Egypt's fintech ecosystem.'
EFG Hermes acted as sole financial advisor, transaction manager, bookrunner, underwriter, and arranger on the issuance.
Meanwhile, Arab African International Bank (AAIB) acted as underwriter and custodian.
The issuance was also subscribed to by the Industrial Development Bank of Egypt (IDBE), Arab Banking Corporation (ABC), and Attijariwafa Bank. Dreny & Partners acted as legal advisor, and Baker Tilly as auditor.
© 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
10 hours ago
- Zawya
Egypt plans new submarine power cable to Jordan: report
Egypt is planning to build another submarine power cable to Jordan with a capacity of 2,000 megawatts (MW) to supply electricity to Syria, Iraq and Lebanon, a Saudi news network reported on Tuesday. The project will be completed in 2029 and will quadruple the present power supply to Jordan, Asharq Business said, quoting an Egyptian government source. 'Egypt is planning to export electricity to Iraq, Syria and Lebanon via a submarine cable to Jordan with a capacity of 2,000 project is still under study,' the report said. It added that the new cable would start from Taba town in South Sinai and stretch to the Gulf of Aqaba on the Red Sea. The project is expected to be completed within 30 months, the report said, noting that Egypt is preparing to invite consultancy bids for the project. According to the report, Egypt is already linked to Jordan via a 500 MW capacity submarine cable which was built in 1999. Construction is underway on a 3GW interconnection project between Egypt and Saudi Arabia at an estimated cost of $1.8 billion (Writing by Nadim Kawach; Editing by Anoop Menon) (
Zawya
10 hours ago
- Zawya
Cityscape Egypt 2025 launches first-ever international pavilion to welcome global developers
Cairo, Egypt: Cityscape Egypt 2025, taking place from September 24th to 27th, is introducing its first International Pavilion to actively support cross-border investment and regional exchange. This expansion is a strategic move that supports Egypt's national agenda to strengthen the real estate sector. The pavilion will provide a platform for global developers to connect directly with Egyptian investors and industry leaders, reflecting the growing trend of capital flowing between countries. Building on this international focus, Cityscape Talks will also feature a dedicated panel discussion covering top destinations in real estate. The session will be held on September 26 from 15:45 to 16:30 pm. The discussion will offer expert insights into where and how to invest, with Ahmed Abbassi, CEO and Founder of Greca Group, sharing his perspective on international market dynamics and what investors should look for. "We are incredibly proud to introduce the first International Pavilion at Cityscape Egypt 2025," said Robier Daniel, Cityscape Egypt Exhibition Director. "This new addition is a direct response to the market's evolution, where cross-border investment is becoming increasingly vital. The pavilion will serve as a dynamic hub, facilitating crucial connections between international developers and Egyptian investors, thereby creating new opportunities and further solidifying Egypt's position as a regional real estate leader." Welcoming a new wave of international participants, the pavilion will feature leading developers from across the globe. Among them are: DAMAC Properties, one of the leading luxury real estate companies in the UAE. Known for its upscale residential, commercial, and leisure properties, DAMAC is bringing to Cityscape a portfolio that reflects its strong presence in Dubai and other global markets, offering Egyptian and regional buyers access to high-end developments in attractive destinations. Greca Developments, representing Greece through the Greca Group, will also be featured in the International Pavilion. The company specializes in creating modern, energy-efficient homes across prime locations in Europe. With a focus on sustainable design and long-term investment value, Greca aims to tap into the growing interest among Egyptian investors in acquiring properties across the Mediterranean. From Oman, Wujha Real Estate brings a fresh perspective to the event. With a reputation for developing integrated communities that blend modern living with cultural authenticity, Wujha is showcasing its innovative residential offerings that appeal to both lifestyle buyers and investors looking for stable, long-term returns in the Gulf region. Keller Williams, through its Golden Visa Consultancy New Life Team, will also be featured in the International Pavilion. With over a decade of real estate experience across Istanbul, Bodrum, Athens, and Larissa, their team specializes in Golden Visa projects in Athens, Thessaloniki, and Larissa, offering Egyptian investors opportunities to secure prime properties. Cityscape's expansion into international territory comes at a time when the real estate landscape is undergoing a shift, one where borders are becoming more fluid, capital is more mobile, and investment strategies are more globally minded. With the International Pavilion, Cityscape Egypt 2025 cements its role not only as a showcase of the local market but as a regional hub for forward-looking investment.
Khaleej Times
11 hours ago
- Khaleej Times
Mena DDoS attacks up 236% in Q2 2025, a record breaking quarter
The Middle East and North Africa (Mena) region experienced a 236 per cent surge in DDoS attacks during the second quarter of 2025 amid escalating regional conflicts, data showed on Wednesday. This is the highest number of attacks in the region's history, according to StormWall's latest threat analysis. Geopolitical tensions from the Israel-Palestine and Iran-Israel conflicts drove hacktivists to account for 73 per cent of all malicious traffic, with government infrastructure bearing the brunt of the attacks, StormWall report says. StormWall, which operates dedicated scrubbing centres in the Middle East with over 5 Tbps of combined filtering capacity, analysed attack patterns across its regional network during the second quarter of 2025. The data shows a big change in how attacks are done and who they target. There was a 162 per cent increase in API-layer attacks and a ninefold increase in probing attacks. Probing attacks are used by hackers to find weak spots in the system before they launch a full attack. The financial sector was the vertical industry most targeted by cyberattacks in Mena (38 per cent). There was a 26 per cent increase in cyberattacks on this sector compared to last year. Government services were the second most attacked sector (16 per cent), with a 53 per cent increase. Telecommunications (14 per cent) was the third most targeted industry. From a geographic perspective, Saudi Arabia was the most targeted country, with 22 per cent of attacks. Israel's share increased from 11 per cent to 19 per cent from Q1 to Q2 2025, while Iran's share increased from 16 per cent to 17 per cent. Furthermore, attacks are getting more sophisticated, which makes it harder for defenders to protect against them. API attacks now generate an average of just 4.7 Gbps of traffic, but they can bring down targets using only 12 per cent of the traffic volume required for traditional floods. Most API attacks used botnets with about 140,000 compromised devices, and HTTP floods were the most common way to attack APIs, accounting for 48 per cent of all API-targeting methods. 'Attackers used to rely on a lot of traffic, but now they're going after specific targets,' says Ramil Khantimirov, the founder of StormWall. 'This takes 88 per cent less traffic to have the same impact. It has become very important to review and update DDoS defenses to maintain a good security posture.'
