Egyptian fintech Valu achieved a market capitalization of $370 million after an explosive debut on the Egyptian Exchange (EGX), with shares surging 852.4% from the opening price of EGP 0.78 to close at EGP 7.40 on its first day, hitting the maximum allowable price ceiling. The stock closed at EGP 8.71 in subsequent trading.
Valu’s listing is notable as it became the first consumer finance company to go public on the EGX through a unique approach that bypassed traditional IPO capital raising. Instead, its parent, EFG Holding, distributed Valu shares as dividends to existing shareholders funded by $6.76 million from retained earnings. This structure gave EFG shareholders approximately 20.5% of Valu’s share capital while EFG Holding retained a 67% stake via its EFG Finance arm.
Amazon also became one of Valu’s largest shareholders, acquiring 3.95% of the company at EGP 6.04 per share. This stake stems from a three-year-old option agreement linked to Amazon’s 2022 purchase of EFG Hermes shares.
Valu dominates Egypt’s consumer finance market with a 25% share, posting 66.5% growth in 2024 versus the sector’s 31.2%. Between 2019 and 2024, Valu achieved a 146% compound annual growth rate in gross revenue, reaching a net profit of EGP 423 million in FY2024, up 78% year-on-year. By Q1 2025, the platform processed over 9.2 million transactions and managed about 16,000 daily transactions across more than 8,500 stores and online platforms in various sectors.
CEO Walid Hassouna described the listing as a transformative milestone, reaffirming Valu’s mission to democratize finance through tech-driven solutions. EFG Holding CEO Karim Awad called it a defining achievement reflecting strategic investment and fintech innovation. Financial Regulatory Authority Chairman Mohamed Farid highlighted the listing’s importance for expanding Egypt’s capital market, especially in non-banking financial services.
Valu recently secured a fintech license, enabling a fully digital customer experience including eKYC, digital contracts, and secure record-keeping.
