الرئيس التنفيذي لشركة فاليو المصرية لـ CNBC عربية: نستهدف إصدار سندات توريق بمليار جنيه كل 3 أشهر
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00:00 We had a plan to start the project last year, but unfortunately, due to the situation in the Egyptian market and the region, we postponed it.
00:12 We see that the company has reached a stage of growth and maturity, which is why it is now an IPO.
00:20 The amount of money we have paid, the amount of profit we have made, and the amount of money we have paid the investors, should be enough to get us out of the market and raise capital to fuel our expansion in the Arab region and the north of Africa.
00:38 The company is working to pay in installments, and we are talking about this type of options for the consumer.
00:49 To what extent will this product, which is available today in the financial market, be of interest to the consumer?
00:58 In fact, we have transformed a lot from paying in installments to a number of other products.
01:08 We have issued insurance cards, and last week we issued a prepaid card.
01:20 We have offered financing solutions from one month to 60 months. Our form is completely different from the companies that we have in the Arab region, Saudi Arabia, the Emirates, or even Egypt.
01:34 We have a very good relationship with the companies in the Arab region. We have a very good relationship with the companies in the Arab region.
01:54 We have a very good relationship with the companies in the Arab region.
02:09 What are the markets that are targeting us? Does the Saudi market mean anything to you? What are your plans to issue document funds?
02:29 Tomorrow, we will announce that we have issued a report worth about one billion pounds.
02:39 This is part of the program that we issue every three months.
02:44 The Saudi market is one of the best markets in the region, but we have moved away from our goal.
02:51 We are now moving to the Jordanian market. We have a file that is currently being studied with the Jordanian Central Bank.
03:01 We are waiting for approval. Once we have it, we will move to the Jordanian market.
03:06 We have also hired a management team in Jordan.
03:10 We are targeting Tunisia and Morocco in 2025.
03:16 How much do you have in your fund today that you can give to your clients?
03:22 The total limits available to clients today are 20 billion pounds.
03:30 The outstanding on our balance sheet is around 6 billion pounds.
03:35 We have 14 billion pounds of the limits available to clients.
03:47 Mr. Walid, can you tell me about the financial products that you offer in your fund?
03:55 You have reached something bigger than that in the last two days, apart from the payment of interest.
04:01 You have also become a provider of special financial products. Tell us about them and their size in your fund.
04:07 Of course. As I said, the latest edition is the prepaid card.
04:13 The prepaid card, yes.
04:17 Yes, the prepaid card. This is the latest product that has been issued by Valu.
04:22 This product was issued only three days ago.
04:25 It is difficult to judge it, but the amount of spending on it is very high.
04:31 We are distributing it to about 500,000 clients.
04:35 By the end of the year, we will have 500,000 clients who are expected to see sales only on this prepaid card.
04:42 It will reach 2 billion pounds by the end of this year.
04:45 The credit card was issued about a month and a half ago.
04:49 The available limits in the credit card have reached about 50 million pounds.
04:54 The amount of spending has reached more than 36 million pounds.
04:58 This is a partnership with the Arab Investment Bank, which is one of the companies that are owned by EMG Holdings.
05:08 We have other products that have achieved great success, such as Sparket, which is a product that was paid for a month.
05:15 This is a partnership with a payment company, which is now about 8% of our monthly sales.
05:23 This is about 80 million pounds per month.
05:27 The main product, which we call the reverse cash loan, is about 20% of our sales.
05:39 We make about 2 million pounds per month.
05:42 There will be a great diversity in the capital of the company and a greater diversity in the capital of the products.
05:50 We also started making products that are luxury, which reach 15 million pounds and 20 million pounds of financing,
05:57 whether it is cars, yachts, or housing equipment, etc.
06:02 Good luck to you all. Thank you for your time, Mr. Walid Hassoun.
06:05 You are the CEO of Value, an Egyptian company.