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ValU enters into an agreement with members of Alhokair family to sell a minority stake

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling FinTech platform, recently announced that Fawaz Abdulaziz Alhokair

Saudi arabiaAl qahirahFawaz abdulaziz alhokairWalid hassounaSalman abdulaziz alhokairEdlyn cardozaKarim awadHermes gdrsHermes holdingAlhokair familyAbdul majeed abdulaziz alhokair

valU in deal with Alhokair Family to sell minority stake

valU, a leading buy-now, pay-later (BNPL) fintech in Mena, said that Alhokair Family has entered into an agreement to acquire a 4.99% stake in valU through a capital injection of $12.4 million.

Saudi arabiaAl qahirahFawaz abdulaziz alhokairWalid hassounaSalman abdulaziz alhokairKarim awadHermes gdrsHermes holdingTradearabia news serviceAbdul majeed abdulaziz alhokairAlhokair familyTradearabia newsRade arabiaIddle east trade newsCc business newsNdustry news

Egyptian BNPL platform, valU, to sell minority stake to Alhokair family

Alhokair family has aquired a 4.99 per cent stake in valU through a capital injection of $12.4m, signifying a valuation of $247.4m for the company.

Saudi arabiaAl qahirahAbdul majeed abdulaziz alhokairWalid hassounaFawaz abdulaziz alhokairSalman abdulaziz alhokairKarim awadHermes holdingSaudi arabia based alhokairAlhokair family

EFG Hermes Tanmeyah acquires B2B marketplace Fatura

Egypt-based Tanmeyah for Microfinance Services, a subsidiary of EFG Hermes Holding, has acquired Fatura, a provider of B2B e-commerce.

Al qahirahAbdullah mohebeldinHossam aliHossam alnaggarAhmed anwarKarim awadRaniaa al mashatBank financial institutionsMicrofinance servicesInternational cooperationHermes holdingEgypt based tanmeyahSawari venturesEgypt venturesKhawarizmi venturesNon bank financial institutions

Investegate |EFG-Hermes Holdings Announcements | EFG-Hermes Holdings: Tanmeyah Acquires Tech-Driven B2B Platform Fatura

Investegate announcements from EFG-Hermes Holdings, Tanmeyah Acquires Tech-Driven B2B Platform Fatura

Al qahirahHossam aliHossam alnaggarKarim awadRaniaa al mashatMicroenterprise servicesBank financial institutionsMicrofinance servicesHermes holdingInternational cooperationEgypt venturesNon bank financial institutionsGross merchandise valueInvestegate announcementsInvestegate company announcementsEfg hermes holdings

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