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

The Financial Regulatory Authority (FRA) has approved the listing of U Consumer Finance–formerly known…