Cairo - Mubasher: EFG Hermes, an EFG Holding company, has concluded its advisory role on an accelerated bookbuild (ABB) secondary share sale in U Consumer Finance (Valu).
The transaction involved the placement of 53.80 million shares, equivalent to 2.55% of Valu’s share capital, according to a press release.
EFG Hermes served as financial advisor and bookrunner on the transaction, executing the deal within a short timeframe while maintaining orderly market performance.
Meanwhile, the transaction underscores the resilience of the Egyptian Exchange (EGX) and sustained investor appetite for Egyptian equities.
Maged El-Ayouti, Co-Head of Investment Banking at EFG Hermes, commented: “This transaction exemplifies our broader efforts to deepen and grow access to liquidity in the region’s capital markets and our increasing activity in follow-on equity transactions that EFG Hermes has executed recently.”
“This follows Valu’s successful listing on the EGX last year and strong share price performance, highlighting the company’s strong momentum and further strengthening investor interest in Valu’s growth story,” El-Ayouti added.
He concluded: “It stands among a series of offerings that have reignited investor appetite for equities, a continuation of the momentum for new listings and follow-on offerings, following a muted ECM activity last month against a backdrop of elevated geopolitical risk.”
In February 2026, EFG Hermes introduced five mutual funds via its EFG Hermes ONE app, marking the first time users could fully access products managed by its asset management arm.
Valu recently confirmed its expansion into Jordan after obtaining final approval from the Central Bank of Jordan (CBJ) to operate under a specialized finance license.
