Thndr Claps » EGY Claps » Financial Services 💸 » EFG Hermes’ valU to expand in Saudi Arabia🌆
The ClapEFG Hermes’ (HRHO) consumer finance arm “valU” is planning to shell out $25 million to continue its conquest of the Saudi market.
WhatThe company recently acquired a 35% stake in Saudi FAS Consumer Finance Company as part of its foray into the world of consumer finance.
So whatAccording to valU’s CEO, the field is ripe for growth in the coming years & valU is eager to take advantage of the various opportunities it presents.
Now whatAll that’s left now is for the Saudi Central Bank to give its stamp of approval on the agreement.
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