Valu, MENA’s leading universal financial technology company,announced today that its board and nomination and remuneration committeehaverenewed the contracts of Walid Hassouna, Founder and CEO of Valu, and the members of Valu’s Executive Committee for a further three-year term.

The renewed mandate reflects the continued confidence of Valu’s board and nomination and remuneration committee in the leadership team that has built Valu into Egypt’s leading Fintech and consumer finance platform and one of the most prominent digital financial services players in the MENA region. Valu, whichis now a listed company on the Egyptian Exchange, will continue to be managed independently while benefiting from the full institutional backing, governance framework, and regional experience of EFG Holding.

Since its inception in 2016 and market launch in 2017, Valu has evolved from a pioneering Buy-Now, Pay-Later (BNPL) platform into a diversified consumer finance ecosystem. Over the years, the company has expanded from a single-product proposition into a broader financial services platform spanning flexible payment solutions, cash products, insurance-related offerings provided through partners, and other value-added services. Its registered user base has grown to over1 million. At the same time, its merchant network has expanded to include thousands of partners across categories such as electronics, fashion, home furnishings, healthcare, education, travel, and lifestyle.

A major institutional milestone came in 2020, when Valu received its Consumer Finance Law license from the Egyptian Financial Regulatory Authority (FRA), strengthening its position as a regulated financial institution and providing the foundation for accelerated growth. In 2025, Valu completed its listing on the Egyptian Exchange, marking a landmark moment for the company and for Egypt’s Fintech sector. The listing transformed Valu from a privately held subsidiary within the EFG Holding group into a publicly traded company accountable to a broader shareholder base and subject to the transparency and discipline of public markets. The company has also expanded into Jordan, marking an important step in its regional growth strategy and underscoring the scalability of its model beyond Egypt.

Mrs. Fatma Lotfy, Non-Executive Chairperson of Valu’s Board, said: “Valu’s journey has been defined not only by innovation and growth, but also by the discipline, governance, and execution required to build a resilient financial institution. The Board’s decision to renew the mandate of Walid Hassouna and the Executive Committee reflects our confidence in a leadership team that has consistently delivered with focus and integrity, while positioning Valu for its next phase as a listed company. As Valu continues to scale its platform, deepen financial inclusion, and expand its regional footprint, leadership continuity will be central to sustaining momentum and creating long-term value for customers, merchants, shareholders, and the broader financial ecosystem.”

Walid Hassouna, Founder and CEO of Valu, said: “Valu was built on a simple but powerful belief: that millions of people deserve better, faster, and more inclusive access to financial solutions that fit their lives. Over the past decade, our team has taken that belief from a concept on paper to a listed market leader serving millions of customers through thousands of merchant partners. I am proud of what we have achieved, but even more energized by what comes next. With the continued backing of EFG Holding, the confidence of our shareholders, and the commitment of our people, we will continue expanding Valu’s ecosystem, deepening financial inclusion, and delivering innovative products that create long-term value for customers, merchants, and investors.”

Under Hassouna’s leadership, Valu has combined technology, proprietary risk management, merchant partnerships, and customer-centric product design to expand access to finance for a wide base of Egyptian consumers. The company’s model has been built around responsible lending, scalable digital infrastructure, and a commitment to offering consumers smarter and more flexible ways to manage their financial lives.

The decision underscores a commitment to leadership continuity at Valu and to supporting the company’s next chapter as an independently managed listed business, backed by the region’s leading financial group.