Latest news with #UConsumerFinance
Zawya
5 days ago
- Business
- Zawya
MENA-focused Valu's net income surges 64% in H1-25
Cairo: U Consumer Finance (Valu) recorded 64% year-on-year (YoY) higher net income at EGP 341 million during the first half (H1) of 2025, according to the financial results. The gross revenue hiked by 94% YoY to EGP 2.60 billion at the end of June 2025. Gross merchandise value (GMV) stood at EGP 10.60 billion in H1-25, marking an 80% YoY leap, driven by a 133% increase in transactions to 3.6 million, bringing its GMV business-to-date (btd) to EGP 46 billion from 11.9 million transactions BTD. In the second quarter (Q2) of 2025, the gross revenues hit EGP 1.52 billion, while the net income amounted to EGP 217 million. GMV for the quarter stood at EGP 5.21 billion, while transactions reached 1.89 million, reflecting continued operational scale and customer engagement. Walid Hassouna, CEO of Valu, commented: 'We have transitioned from a disruptive startup to a publicly listed company with a proven track record of profitability and strong performance in the first half of 2025, a milestone that cements our evolution.' 'These results reflect the resilience of our business and the effectiveness of our product development strategy from the rapid adoption of our prepaid card to the scalable expansion of our auto-loan offering, Shift,' Hassouna stated. He added: 'The Amazon transaction, through which Amazon acquired a direct stake in Valu and our EGX listing, has unlocked new strategic levers to accelerate progress, deepen our funding base, and extend our regional footprint, with Jordan marking our first MENA entry beyond Egypt.' In July, Valu secured initial approval from the Central Bank of Jordan to launch operations, marking the beginning of its regional expansion. Valu's funding base remains robust, with EGP 10 billion in authorized credit limits and EGP 16 billion in completed securitizations to date. The company's fourth securitization program, valued at EGP 10 billion and backed by an EGP 13 billion portfolio, received FRA approval in July, further enhancing its financial flexibility.
Zawya
07-07-2025
- Business
- Zawya
10 Egyptian stocks outperform gold, real estate, and savings certificates in Q2 2025
Egypt - Ten stocks listed on the Egyptian Exchange (EGX) posted exceptional gains during the second quarter of 2025, with share prices soaring by more than 70%—significantly outperforming traditional investment options such as gold, real estate, and bank savings certificates. The rally was fuelled by a combination of strong financial results and speculative trading, particularly in small- and mid-cap stocks. Among the top gainers, U Consumer Finance recorded a staggering increase of 1,019.69%, closing the quarter at EGP 8.700, marking the most dramatic surge on the market. ODIN Investments in Egyptian Equities – Kasb followed with a 443% rise to EGP 5.430. Egypt Fertilizers (EGYFERT) jumped 111.48% to close at EGP 216.510, while Upper Egypt Flour Mills advanced 108.53% to EGP 551.700. Misr Cement Qena also delivered strong gains, rising 102.11% to reach EGP 52.730. Misr Beni Suef Cement saw its share price climb by 92.93%, ending the quarter at EGP 144.700. General Silos & Storage (GSSC) appreciated by 86.65% to EGP 313.860, and Beltone Holding gained 77.99%, closing at EGP 3.720. Suez Canal Technology Settling rose 74.38% to EGP 154.400, while Cairo National Company for Investment and Securities increased 73.76% to EGP 52.040. B Investments Holding completed the list with a 72.04% rise, reaching EGP 40.00 per share. Despite the remarkable performance of these individual stocks, broader market indices posted more modest gains. The benchmark EGX30, which tracks the performance of the 30 most liquid companies on the exchange, rose by 2.6% to close the quarter at 32,857.62 points. The EGX70 Equal Weight Index (EWI), which focuses on small and mid-cap stocks, climbed 10.18% to reach 9,967.14 points, reflecting the segment's bullish momentum. Meanwhile, the EGX100 EWI rose by 8.15% to close at 13,477.29 points. The EGX30 Capped recorded a 2.66% increase, ending the period at 40,845.77 points, while the Tamayuz Index—tracking high-performing companies based on financial merit—grew by 7.76% to 12,481.01 points. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily News Egypt
06-07-2025
- Business
- Daily News Egypt
10 Egyptian stocks outperform gold, real estate, and savings certificates in Q2 2025
Ten stocks listed on the Egyptian Exchange (EGX) posted exceptional gains during the second quarter of 2025, with share prices soaring by more than 70%—significantly outperforming traditional investment options such as gold, real estate, and bank savings certificates. The rally was fuelled by a combination of strong financial results and speculative trading, particularly in small- and mid-cap stocks. Among the top gainers, U Consumer Finance recorded a staggering increase of 1,019.69%, closing the quarter at EGP 8.700, marking the most dramatic surge on the market. ODIN Investments in Egyptian Equities – Kasb followed with a 443% rise to EGP 5.430. Egypt Fertilizers (EGYFERT) jumped 111.48% to close at EGP 216.510, while Upper Egypt Flour Mills advanced 108.53% to EGP 551.700. Misr Cement Qena also delivered strong gains, rising 102.11% to reach EGP 52.730. Misr Beni Suef Cement saw its share price climb by 92.93%, ending the quarter at EGP 144.700. General Silos & Storage (GSSC) appreciated by 86.65% to EGP 313.860, and Beltone Holding gained 77.99%, closing at EGP 3.720. Suez Canal Technology Settling rose 74.38% to EGP 154.400, while Cairo National Company for Investment and Securities increased 73.76% to EGP 52.040. B Investments Holding completed the list with a 72.04% rise, reaching EGP 40.00 per share. Despite the remarkable performance of these individual stocks, broader market indices posted more modest gains. The benchmark EGX30, which tracks the performance of the 30 most liquid companies on the exchange, rose by 2.6% to close the quarter at 32,857.62 points. The EGX70 Equal Weight Index (EWI), which focuses on small and mid-cap stocks, climbed 10.18% to reach 9,967.14 points, reflecting the segment's bullish momentum. Meanwhile, the EGX100 EWI rose by 8.15% to close at 13,477.29 points. The EGX30 Capped recorded a 2.66% increase, ending the period at 40,845.77 points, while the Tamayuz Index—tracking high-performing companies based on financial merit—grew by 7.76% to 12,481.01 points.
Zawya
23-06-2025
- Business
- Zawya
Valu's EGX debut: A landmark listing for a transformative fintech leader
With 146% Gross Revenue CAGR (2019 – 2024), 16,000 Daily Transactions as of the first quarter of 2025, and Unmatched Customer Engagement, Valu's Commencement of Trading on the EGX Highlights its Transformative Role in Egypt's Economy Cairo: EFG Holding, a leading financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), and its universal financial technology powerhouse U Consumer Finance S.A., known by the trademark Valu, announced today the commencement of trading of Valu on the Egyptian Exchange (EGX). This landmark milestone underscores Valu's transformative impact on Egypt's fintech landscape and EFG Holding's unwavering commitment to innovation, financial inclusion, and sustainable growth. Valu's listing on the EGX was executed through an innovative in-kind dividend distribution, where EFG Holding distributed 20.488% of Valu's share capital to its shareholders, as of the record date, June 12th, 2025. The transaction was funded by EGP 335,322,346 from EFG Holding's distributable retained earnings. Shareholders received one Valu share for every 3.3273 EFG Holding shares held, with fractional ownership being rounded in favor of minorities, enabling shareholders to directly participate in the growth of one of Egypt's most dynamic fintech platforms. On its debut, global technology heavyweight Amazon has acquired shares representing a 3.95% direct shareholding in Valu for a price per share of EGP 6.041. EFG Finance Holding (EFG Finance), a subsidiary of EFG Holding, will continue to own 67% of Valu post trading and sale of shares to Amazon. In a market that saw total issuances grow by 31.2% in 2024, Valu outpaced the industry with 66.5% growth, solidifying its leadership with a 25% share of Egypt's consumer finance sector. By Q1 2025, Valu had facilitated over 9.2 million transactions and was processing around 16,000 transactions daily – making it the largest network after the major card networks. Its strong customer engagement is underscored by high stickiness, with users averaging 12 transactions annually, rising to 22 with card usage. Following its recent fintech license from the Financial Regulatory Authority (FRA), Valu now offers a fully digital, end-to-end experience – including seamless eKYC, digital contracts, and secure record-keeping – further reinforcing its position at the forefront of financial innovation in Egypt. Valu's robust financial performance is a testament to its scalable business model and ability to deliver sustainable value. Between 2019 and 2024, Valu achieved a 146% CAGR in gross revenue, with a net profit of EGP 423 million in FY 2024 – a 78% year-on-year increase. Valu's exponential trajectory is fueled by a diverse funding strategy, including direct and indirect bank funding, securitizations, and strategic deals. This ensures financial stability and scalability, enabling Valu to innovate relentlessly. Dr. Mohamed Farid, Executive Chairman of the FRA, stated, 'The procedures followed for registering and trading the shares of Valu represent a modern and innovative legal means to benefit from the distribution of dividends of listed companies and their affiliated activities. This helps expand the ownership and trading base without needing a public or private offering or a capital increase. It also leverages the ownership structures of investors in listed companies, reflecting the flexibility of regulatory frameworks and the evolution of available solutions to enhance the efficiency and competitiveness of the Egyptian capital market and increase its ability to attract new investments. The Authority expedited the examination, study, and coordination of technical and institutional matters with all relevant parties to ensure the safety of shareholder rights trading, and market stability. The listing conditions were met, especially regarding the number of shareholders and freely traded shares, by distributing Valu company shares as dividends to the listed company's shareholders. Valu is the first consumer finance company listed and traded on the Egyptian Exchange. This step enhances the integration of non-banking financial activities under the Authority's supervision. It opens the door to expanding the base of listed companies in this promising sector through stock exchanges. This, in turn, contributes to attracting new investors and adding new securities, thereby enhancing liquidity and trading levels.' Ahmed El Sheikh, Executive Chairman of the EGX, congratulated the company's leadership on the successful and innovative listing and offering process and the commencement of trading. El Sheikh stated: "We welcome all companies from all sectors to increase the number of listed companies to enhance the supply side, and we welcome all innovative ideas and solutions within the framework of the listing rules and governing legislation." El-Sheikh added, "This step confirms the EGX's trading systems' readiness to accommodate listings and implement new, unconventional ideas by introducing innovative technologies. It also demonstrates the EGX's role as a key catalyst for market development by providing solutions that meet the needs of companies and investors, offering them flexible and diverse alternatives to fulfill listing requirements in accordance with governing legislation. Simultaneously, it reflects EGX's capacity to continuously develop its technological infrastructure. The successful execution in a record time, utilizing an upgraded version of the Private Transactions Market system and activating Application Programming Interfaces (APIs) for customer registration, embodies the EGX's vision towards supporting further digital transformation and using modern technologies in the market. It also supports our efforts to increase the number of companies with listed securities on the exchange and boost trading rates.' Karim Awad, Group CEO of EFG Holding, remarked, 'Valu's listing on the Egyptian Exchange is a proud and defining milestone for EFG Holding. It reflects the culmination of years of strategic investment, innovation, and unwavering belief in the power of financial technology to transform lives. As one of the most recognized and trusted household fintech brands in Egypt, Valu has built a loyal customer base and a resilient, scalable platform for sustainable growth. Its success is a testament to the strength of our ecosystem and our ability to incubate and scale market-leading businesses. We are confident in Valu's ability to continue delivering exceptional value to customers and shareholders alike.' Walid Hassouna, CEO of Valu, added, 'Today marks a transformative milestone in Valu's journey. Becoming a publicly listed company is a powerful validation of the impact we've made and the future we are building. Since our inception, we've been driven by a mission to democratize access to finance and empower individuals and businesses through innovative, tech-enabled solutions. Listing Valu brings our mission of financial inclusion full circle. As we enter this new chapter, we remain committed to innovation, inclusion, and excellence.' Valu's listing and trading on the EGX marks a significant addition to Egypt's fintech ecosystem. Valu brings fresh energy and innovation to the market, offering retail and institutional investors an exciting opportunity to engage with a high-growth, customer-centric company. With its proven track record, scalable business model, and commitment to financial inclusion, Valu is poised to deliver promising growth prospects, further solidifying its position as a transformative force in Egypt's financial landscape. Valu and EFG Holding engaged EFG Hermes Promoting and Underwriting S.A.E, to act as the 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. Valu began trading today under the ticker valu. About Valu: Valu is the leading universal financial technology powerhouse offering customers and businesses convenient and comprehensive financial solutions. Under its product universe, Valu pioneered Buy-Now, Pay-Later (BNPL) solutions in the MENA region through U, providing customizable financing plans for up to 60 months across more than 8,500 stores and online platforms – covering a diverse array of categories, including home appliances, electronics, home finishing, furniture, residential solar solutions, healthcare, education, travel, and fashion, among others. Valu also offers investment products, an instant cash redemption program, and a financing solution to facilitate the purchase of big-ticket items up to EGP 60 million in the luxury space through the AZ Valu fund and EFG Hermes ONE, Sha2labaz, and Ulter, respectively. In addition, Valu offers business-to-business solutions through Valu Business. Valu had recently introduced its prepaid card and co-branded credit card in collaboration with Visa. As an award-winning fintech player in the MENA region, Valu embraces a progressive mindset with an agile workforce committed to architecting innovative financial solutions. About EFG Holding EFG Holding (EGX: – LSE: EFGD) is a financial institution that boasts a remarkable 40-year legacy of success in seven countries spanning two continents. Operating within three distinct verticals — the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) — the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes. EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah, a provider of innovative and integrated financial solutions for small business owners and entrepreneurs, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, Bedaya for mortgage finance, Kaf for insurance, and EFG Finance SMEs, which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, an integrated retail and corporate banking product provider in Egypt. Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Kenya | Nigeria Learn more about us at For further information, please contact: May El Gammal Group Chief Marketing & Communications Officer of EFG Holding melgammal@ Omar Salama Associate Director of Communications of EFG Holding osalama@ The EFG Holding Public Relations Team PublicRelations@ Note on Forward-Looking Statements In this press release, EFG Holding may make forward-looking statements, including, for example, statements about management's expectations, strategic objectives, growth opportunities, and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Holding's belief regarding future events, many of which, by their nature, are inherently uncertain and are beyond management's control and include, among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending, and future legislation, regulations and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.
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. (
