Egypt’s fintech star Valu is going for the stock market spotlight after receiving the green light to list on the Egyptian Exchange (EGX). Backed by a $27 million capital injection from major Saudi investors, the move marks a bold step in Valu’s journey to becoming one of the region’s most dynamic public fintech firms.
Major Milestone for Valu
Valu, a trailblazer in Egypt’s buy now, pay later (BNPL) and consumer finance space, has officially received approval from EGX to go public. This listing is part of a broader strategy by EFG Holding, Valu’s parent company, to unlock long-term value for shareholders and increase the fintech firm’s visibility in capital markets.
Key Developments:
- ✅ Valu to list shares on the Egyptian Exchange (EGX)
- ✅ 20.488% of Valu shares to be distributed to EFG Holding shareholders as stock dividends for FY 2024
- ✅ Listing expected to enhance Valu’s market access, visibility, and growth potential
Instead of a traditional cash dividend this year, EFG Holding will allocate shares in Valu to its existing shareholders. This move is subject to final regulatory approvals from the Financial Regulatory Authority (FRA). Once all steps are complete, shareholders will be able to trade their shares directly on EGX.
Saudi Investment Powers Expansion
In a parallel boost, Valu raised $27 million in new capital from high-profile Saudi backers, including:
- The Saudi Investment Bank
- Sanabil Investments (a PIF company)
This fresh funding will come in handy to:
- ✅ Strengthen Valu’s capital structure
- ✅ Support expansion plans across Egypt and potentially beyond
- ✅ Enhance the company’s digital services and tech stack
Valu’s leadership views this investment as a strong vote of confidence in the company’s growth strategy and long-term vision.
Going Fully Digital
Earlier this year, Valu also received a fintech license from the FRA—an important milestone that lets the company offer a completely digital experience for customers. With this license, Valu can now:
- ✅ Launch new digital-first financial products
- ✅ Broaden its suite of consumer finance offerings
- ✅ Scale efficiently across multiple channels
The listing and new investment will allow Valu to amplify innovation, invest in tech, and serve more customers, especially in a market hungry for digital financial solutions.
Advisors & Strategic Oversight
EFG Hermes has been appointed as financial advisor for the listing, while Zulficar & Partners are serving as the legal advisors. Post-listing, EFG Holding will retain majority control, ensuring strong strategic alignment and continued guidance.
The exact trading date will go live once all regulatory steps are finalized. However, momentum is clearly on Valu’s side.
Why It Matters
This EGX listing reflects Egypt’s growing fintech maturity and opens the door for more public tech listings in the region. With strong investor backing, regulatory green lights, and a forward-looking digital model, Valu is aiming to scale and lead the next chapter of fintech innovation in the Middle East.