Egypt: U Consumer Finance Gets Nod to List On EGX Without Offering Shares

Egypt: U Consumer Finance Gets Nod to List On EGX Without Offering Shares

The Financial Regulatory Authority (FRA) has approved the listing of U Consumer Finance on the Egyptian Exchange (EGX) This marks the first time a company in Egypt will enter the stock market through a dividend-based ownership expansion mechanism The move allows the conversion of indirect ownership into direct shareholder stakes, enabling trading on the EGX while broadening the investor base