The Clap
Walid Hassouna has left his position in EFG Hermes in order to focus on ValU and help in preparing them for a potential IPO.
The Deets
ValU has begun attracting interest from investors, including Amazon and Al Hokair family.
As ValU is targeting to provide more financing solutions and innovative products, this modification in management will help prepare the company for an IPO.
The management will need to focus on expanding the operations as this is a vital time in the company’s growth.
Background
Walid Hassouna was CEO of non-banking financial services in EFG Hermes. At the same time, he was CEO at ValU. He has left his position at EFG in order to focus his efforts on ValU.
ValU see a management change in preparation for IPO 🔄
