Thndr Claps » EGY Claps » Financial Services 💸 » ValU acquires 35% of Saudi FAS Company 🌏
The ClapEFG Hermes (HRHO) subsidiary ValU agreed to acquire 35% of FAS Finance, the consumer finance arm of Saudi Arabia’s FAS Labs.
The deetsThe agreement allows ValU to expand geographically and penetrate the Saudi market, while providing consumer finance solutions through FAS.
The company’s ownership structure will be owned 65% by FAS Labs and 35% by ValU, and will provide its products and services under the “ValU” brand.
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