Valu, the leading universal financial technology powerhouse in the Middle East and North Africa (MENA), has partnered with Felix Maritime to provide flexible financing solutions for customers across Egypt’s maritime and yachting sector, including financing options for yacht purchases of up to EGP 60 million through its luxury financing program, Ulter.
The partnership enables Felix Maritime customers to finance a wide range of maritime services and purchases through Valu, covering both everyday operational expenses and higher-value transactions. The collaboration aims to provide greater financial flexibility while expanding access to specialized maritime services in Egypt.
Flexible Financing for Maritime Services and Vessel Operations
Under the agreement, customers will be able to use Valu’s financing solutions to cover various maritime needs, including yacht and agency husbandry services, provisioning, crew management, and port clearance procedures.
The financing options will also cover Suez Canal transit services and related documentation and logistics, spare parts logistics aimed at minimizing vessel downtime, as well as maintenance and repair arrangements involving qualified technicians, spare parts, and specialized equipment.
Customers can also finance essential provisions and supplies, including food and beverages, water, ice, cleaning and household supplies, and other specialized requirements.
Financing Options Starting at EGP 350,000, with Yacht Financing up to EGP 60 Million
The agreement introduces two financing options based on purchase value. Revolving Limit financing will be available for purchases of up to EGP 350,000, while Non-Revolving Limit financing will cover purchases exceeding this amount.
The financing solutions are designed to help customers manage upfront costs associated with maritime services, particularly higher-value purchases. Customers interested in purchasing yachts will also be able to access financing through Valu’s luxury financing program, Ulter, with financing amounts reaching up to EGP 60 million.
Operating in Egypt since 1984, Felix Maritime has established a strong presence in the maritime and yachting sector, serving more than 3,000 unique clients. The company provides integrated services to yacht owners and crews throughout their stay in Egypt, including yacht and agency husbandry, Suez Canal transit facilitation, spare parts logistics, maintenance, and provisioning.
Commenting on the partnership, Bahi Naguib Latif, Board Member at Felix Maritime, said: “Our cooperation with Valu gives Felix Maritime customers more flexibility when paying for our services, particularly for higher-value purchases. We see this as an important step in making maritime services more accessible to Egyptian customers.”
Walid Hassouna, CEO of Valu, added: “Through our cooperation with Felix Maritime, we are strengthening Valu’s presence in the maritime and yachting sector, offering customers greater flexibility in managing higher-value purchases and services. This partnership reflects our continued commitment to expanding the reach of our financing solutions across diverse industries and lifestyle needs, while enabling our partners to enhance the customer experience and unlock new opportunities for growth.”
Through this partnership, Valu continues to expand its financing ecosystem into specialized sectors, reinforcing its commitment to providing accessible and flexible financial solutions that address evolving customer needs. For Felix Maritime, the collaboration adds a financing dimension to its service offering, supporting its efforts to broaden access to maritime services and enhance the overall customer experience.
