Monday 23/June/2025 – 10:54 AM
Yu Consumer Finance increased by 852.38% on the stock exchange in the first half an hour of starting trading on it, from 0.77 to 7.44 pounds.
Ahmed Al -Sheikh, head of the Egyptian Stock Exchange, opened the trading session today, Monday, in the presence of Heba Al -Serafi, Vice President of the Egyptian Stock Exchange, and the participation of: Karim Awad, CEO of the EF V Holding Group, and Walid Hassouna, CEO of Yu Consumer Finance, as part of the bell squatting event launched by the stock market to celebrate the start of trading on the shares of U Yu Consumer Finance after its registration in the main market.
The effectiveness of the bell rang
Ahmed Al -Sheikh, head of the stock exchange, congratulated the company’s leaders on the completion of the process of registration, innovative offering and the start of trading, adding: We welcome companies from various sectors to increase the number of companies restricted to enhance the offer side, and we welcome innovative ideas and solutions within the framework of registration rules and ruling legislation.
The head of the stock exchange explained that this deal is an innovative mechanism to fulfill the conditions of the registration in the Egyptian Stock Exchange in terms of the number of shareholders, the proportion of the offered shares and freedom of trading, as part of the profits of a company restricted to the stock exchange, which is the EFG Holding Group (HRHO.CA), was distributed to its shareholders in the form of shares in the capital of another company- newly registered- which is Yu Consumer Finance (Valu.CA) To start trading on the shares of Yu for consumer finance.
He continued: This step confirms the readiness of trading systems on the stock exchange to accommodate the proposals and implement new unconventional ideas through the creation of innovative technologies, as the Egyptian Stock Exchange in its role as a major catalyst for the development of the market by providing solutions that suit the needs of companies and investors and providing them with flexible and multiple alternatives to fulfill the requirements of registration in accordance with the ruling legislation, and at the same time reflect the ability of the Egyptian Stock Exchange to develop the structure Technological Investigation.
He emphasized the success of the implementation in record time, using a developed version of the special deals market system, and activating the applications of applications (API) to register customers, embodies the stock market vision towards supporting more digital transformation and the use of modern technologies in the market, and also supports our efforts in increasing the number of companies that are restricted to the stock exchange and increasing trading rates.
He also stressed that the Egyptian Stock Exchange will continue to work on permanent development, so that the Egyptian stock market remains the highest flexibility and according to international best practices, so that it becomes more attractive to local and foreign investments in a way that supports the target of the national economy.
