{"id":548105,"date":"2022-07-26T04:00:47","date_gmt":"2022-07-26T04:00:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/26\/valu-gets-walid-hassounas-full-attention\/"},"modified":"2022-07-26T04:00:47","modified_gmt":"2022-07-26T04:00:47","slug":"valu-gets-walid-hassounas-full-attention","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/26\/valu-gets-walid-hassounas-full-attention\/","title":{"rendered":"valU gets Walid Hassouna\u2019s full attention"},"content":{"rendered":"

valU has Walid Hassouna\u2019s full attention:<\/strong> Walid Hassouna is leaving his position as CEO of EFG Hermes\u2019 Non-Bank Financial Institutions (NBFI) platform to dedicate himself full-time to his role as CEO of its buy-now-pay-later (BNPL) platform valU, according to a press release (pdf)<\/a>. \u201cThe decision to appoint Hassouna as CEO of valU follows the remarkable success the brand has achieved in a short span of five years, becoming one of the fastest growing BNPL players in MENA,\u201d our friends at EFG Hermes said. The move \u201ccomes at a vital stage in the growth life cycle of valU where it will certainly benefit from increased independence in its pursuit of growing its footprint and capitalizing on the numerous opportunities in Egypt and beyond,\u201d Group CEO Karim Awad said.<\/p>\n

Hassouna\u2019s shift to focus entirely on valU comes amid rising investor interest:<\/strong> Amazon purchased in May<\/a> USD 10 mn worth of EFG Hermes\u2019 London-listed global depositary receipts (GDRs) with an option to convert the investment into an equity stake in valU within five years<\/a>. The Amazon transaction was followed in June<\/a> by Saudi Arabia\u2019s Alhokair family acquiring a 4.99% stake in the company through a USD 12.4 mn capital increase, valuing the company at USD 247.4 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

valU has Walid Hassouna\u2019s full attention: Walid Hassouna is leaving his position as CEO of EFG Hermes\u2019 Non-Bank Financial Institutions (NBFI) platform to dedicate himself full-time to his role as CEO of its buy-now-pay-later (BNPL) platform valU, according to a press release (pdf). \u201cThe decision to appoint Hassouna as CEO of valU follows the remarkable […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7231],"tags":[84,72,206,595,515,1437],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548105","post","type-post","status-publish","format-standard","hentry","category-moves","tag-efg-hermes","tag-enterpriseam","tag-moves","tag-non-banking-financial-services","tag-valu","tag-walid-hassouna","wpautop","entry"],"acf":{"mongo_id":"6591df65-a815-40d1-9e03-06cacbd34245","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548092],"teaser":"","voice_url":""},"yoast_head":"\nvalU gets Walid Hassouna\u2019s full attention - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/26\/valu-gets-walid-hassounas-full-attention\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"valU gets Walid Hassouna\u2019s full attention\" \/>\n<meta property=\"og:description\" content=\"valU has Walid Hassouna\u2019s full attention: Walid Hassouna is leaving his position as CEO of EFG Hermes\u2019 Non-Bank Financial Institutions (NBFI) platform to dedicate himself full-time to his role as CEO of its buy-now-pay-later (BNPL) platform valU, according to a press release (pdf). \u201cThe decision to appoint Hassouna as CEO of valU follows the remarkable […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/26\/valu-gets-walid-hassounas-full-attention\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-26T04:00:47+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/26\/valu-gets-walid-hassounas-full-attention\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/26\/valu-gets-walid-hassounas-full-attention\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"valU gets Walid Hassouna\u2019s full attention\",\"datePublished\":\"2022-07-26T04:00:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/26\/valu-gets-walid-hassounas-full-attention\/\"},\"wordCount\":210,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EFG Hermes\",\"EnterpriseAM\",\"moves\",\"non-banking financial services\",\"ValU\",\"Walid Hassouna\"],\"articleSection\":[\"Moves\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/26\/valu-gets-walid-hassounas-full-attention\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/26\/valu-gets-walid-hassounas-full-attention\/\",\"name\":\"valU gets Walid Hassouna\u2019s full attention - 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