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CAIRO - EFG Holding S.A.E. has disclosed a decision by its Ordinary General Assembly Meeting of Shareholders to distribute part of its retained earnings for the financial year ending December 31, 2024. The distribution totals EGP 335,322,346, equating to EGP 0.2335 per share of the company’s stock.
Instead of a cash dividend, shareholders will receive shares in the share capital of the company’s subsidiary, U Consumer Finance S.A.E., which operates under the trademark "Valu." The distribution represents 20.488% of U Consumer Finance’s share capital and is intended for trading on the Egyptian Exchange (EGX).
The distribution is based on the book value per share of U Consumer Finance, which is EGP 0.777, according to the subsidiary’s consolidated financial statements for the year ending on December 31, 2024. This valuation follows a stock split and a capital increase, resulting in a total of 2,106,356,523 shares with a par value of EGP 0.10 each.
The Record Date, determining eligible shareholders for the distribution, is set for June 12, 2025. Shareholders must own EFG Holding shares by the close of the trading session on that Thursday to qualify. Eligible shareholders will receive one U Consumer Finance share for every 3.3273 EFG Holding shares they hold, with fractional shares allocated to minority shareholders, equivalent to 0.3005 U Consumer Finance shares for each EFG Holding share.
This announcement is based on a press release statement and aims to provide shareholders with the information necessary to understand the forthcoming changes to their investments. The details of this distribution reflect the company’s financial strategies and its relationship with its subsidiary, U Consumer Finance.
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