Reply to thread

Message: [QUOTE="Munyaradzi Mafaro, post: 48027, member: 636"] Egypt just witnessed a financial first when Valu started trading on the stock exchange through a clever share handout trick. EFG Holding gave away one-fifth of their fintech darling to existing shareholders without charging a penny. Amazon jumped at the chance and bought nearly 4 percent of the company for roughly 6 Egyptian pounds per share. The whole deal happened through distributing shares as dividends rather than a traditional public offering. Financial regulators praised the creative approach as a game changer for future listings. Valu crushed the competition with explosive 66 percent growth during 2024 when the rest of the market managed just 31 percent gains. The digital payment platform handles around 16,000 daily transactions and processed over 9 million deals during the first quarter of 2025. Customers love the service and average 12 purchases per year through the app. Card users pump those numbers up to 22 annual transactions each. The company grabbed a quarter of Egypt's entire consumer finance market. Money kept pouring into Valu's coffers as gross revenue skyrocketed 146 percent annually between 2019 and 2024. Net profits hit 423 million Egyptian pounds last year alone representing a massive 78 percent jump from the previous period. The fintech pioneer built multiple funding streams through banks, securitizations, and strategic partnerships. Exchange officials celebrated the listing as proof that Egyptian markets can handle innovative financial products. Valu shares began trading immediately under the simple ticker symbol valu. [/QUOTE]

Name