Shop’it also features exclusive in-app discounts and offers that cannot be found elsewhere
The agreement stems from a 2022 deal in which Amazon invested $10m in global depositary receipts (GDRs) of EFG Holding
In line with the listing plans, EFG Holding will distribute shares in Valu, equivalent to a 20.488 per cent stake in the company, to its shareholders based on the book value of the shares
The fintech firm said its expansion into Jordan is at an advanced preparation stage
The transaction marks the financial technology firm’s third issuance this year, and the sixth concluded in partnership with EFG Hermes to date
Under the new brand identity, Valu has refreshed its logo, application and overall visual identity to represent the company in a more modern and dynamic way
The banking group’s net profit after tax and minority interest rose by 20 per cent to reach EGP405m
Powered by a strategic rebranding, EFG Holding continues to maintain a competitive edge across frontier and emerging markets. Group CEO Karim Awad shares the details
The fund aims to give clients access to daily redemptions without locking capital up in long-term, fixed instruments
The agreement will accelerate the geographical expansion of valU and provide digital finance solutions to consumers in Saudi Arabia through FAS Finance
ValU has a current post-money valuation $235m
JMR Infotech’s innovation adds value to the digital transformation journey of banks and financial institutions in the Middle East and Africa region