EFG Hermes Successfully Concludes Advisory on Valu's Landmark EGX Listing
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking team has successfully concluded advisory on the listing of Valu and its commencement of trading on the Egyptian Exchange (EGX), under the ticker valu, yesterday .
Valu's listing and trading 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, enabling EFG Holding shareholders to directly participate in the growth of one of Egypt's fastest growing fintech platforms. On its debut, Amazon acquired shares representing a 3.95% direct shareholding in Valu for a price per share of EGP 6.041 and the share price witnessed a remarkably positive performance closing at EGP7.4 per share. 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.
Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, remarked, 'Valu's successful debut on the Egyptian Exchange coupled with an investment by global technology heavyweight, Amazon, in Valu is a proud and defining milestone for EFG Hermes. 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. We are confident in Valu's ability to continue delivering exceptional value to customers and shareholders alike and in Valu having a successful journey as a leading listed company on the Egyptian Exchange. We believe this landmark transaction shall serve as a positive catalyst for the revival of activity on the stock exchange.'
Valu's successful listing and debut on the EGX marks not only a milestone for Egypt's fintech sector but also a testament to EFG Hermes' leadership in driving innovation and unlocking value in the region's capital markets. As the investment bank behind this landmark transaction, EFG Hermes continues to play a pivotal role in bringing dynamic, high-growth companies like Valu to the public market. Valu's scalable, customer-centric business model and focus on financial inclusion underscore EFG Hermes' commitment to advancing transformative ventures that shape the future of Egypt's financial ecosystem.
EFG Hermes acted as the sole financial advisor for EFG Holding and Valu in the listing and the transaction with Amazon.
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