Raya Holding acquired a 30% stake in RAMEDA pharmaceuticals, an Egyptian Pharmaceutical company established in 1993. RAMADA pharmaceuticals manufactures a wide range of high quality pharmaceutical products. Raya acquired 40,000 shares at a max value per share of 1789.93 EGP. Raya’s contribution is mainly through the restructuring and expansion of RAMEDA. This investment fulfils Raya’s strategy of incorporating new investment opportunities in its portfolio to diversify its revenue stream and create more value for its shareholders. RAMEDA is located in the 6th of October industrial zone with manufacturing operations covering a built-up area of 38,261 sqm from a total land area of 41,417 sqm.
For further information please visit RAMEDA Website here