Corporate news
Valu [VALU]
Target price: EGP 9.60
The company obtained a license from the Central Bank of Jordan to become the first licensed consumer finance company in Jordan, with operations in the European market scheduled to begin in the first quarter of 2026. As part of this process, the company transferred USD 7 M to the Central Bank of Jordan. EFG Hermes is a beneficiary through its direct and indirect stake in ValU.
Walaa Mosalam - Head of Research
WMosalam@egy.primegroup.org