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CAIRO - EFG Holding S.A.E. announced Wednesday that the Financial Regulatory Authority has approved the disclosure report for trading shares of U Consumer Finance S.A.E., known as "Valu," on the Egyptian Exchange.
According to a press release statement, the company will distribute a portion of its retained earnings for the 2024 financial year as stock dividends in the form of Valu shares rather than cash. The distribution amounts to EGP 335,322,346, representing EGP 0.2335 per EFG Holding share.
The dividend will consist of Valu shares representing 20.488% of Valu’s share capital, based on a book value of EGP 0.777 per share. This valuation was determined using Valu’s consolidated financial statements for the year ending December 31, 2024.
Shareholders of record as of the end of trading on Thursday, June 12, 2025, will be eligible to receive the dividend. Each holder of 3.3273 EFG Holding shares will receive 1 Valu share, with fractional shares allocated to minority shareholders.
Additionally, EFG Holding will redistribute 75,410 shares resulting from fractional shares from previous stock dividend distributions. These shares will be distributed through Misr for Central Clearing, Depository, and Registry on June 12 to shareholders of record on July 29, 2015, excluding treasury shares.
Valu’s shares to be traded on the Egyptian Exchange will total 2,106,356,523 shares with a par value of EGP 0.10 per share.
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