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EFG Holding S.A.E. announced on March 21, 2024, that it is currently considering several options. These options include a partial IPO and/or increasing capital to new shareholders for some of its subsidiaries, specifically Valu. The company will disclose further once its board of directors makes a decision.
| Date | 21 Mar 2024 |
| Time | 07:24:36 |
| Category | Miscellaneous |
| ID | 7586H |
EFG Holding to Monetize Shareholders' Value
Cairo, March 20th, 2024:
As EFG Holding remains strongly committed to maximize value for its shareholders, the Company is currently considering several options. These include partial IPO and/or increasing capital to new shareholders for some of its subsidiaries, particularly Valu.
Adhering to the principle of disclosure and transparency, the Company will disclose as soon as its board of directors makes a decision on this matter.
For further information:
Investor Relations Department
Email: investor-relations@efg-hermes.com
Tel: +20 (0)2 35356710
Fax: +20 (0)2 3535 7017
Head of Corporate Strategy & Investor Relations - Hanzada Nessim
Email: hnessim@efg-hermes.com
Tel: +20 (0)2 35356502
Fax: +20(0)2 3535 7017
www.efg-hermes.com