Year 1999 Merger
7 national IT companies decide to merge, establishing Raya Holding to cater to a gap between multinational market players and local companies.
Year 2000 Streamlining
Raya’s operations entailed merging smaller companies with similar operations. Raya Holding launched three lines of business: Information Technology, Telecom and Retail & Distribution.
Year 2001 Diversification
The company’s initial strategy was to diversify into more IT and IT-related activities, acquiring 3 subsidiaries and founding 7 others.
Year 2003 Going International
Expanding into the international sphere, Raya started seizing opportunities in different countries, establishing Raya Gulf, Raya Saudi, Raya USA and Raya Algeria.
Year 2005 Going Public
In May 2005, an IPO worth 400 million Egyptian pounds was launched to list Raya Holding shares in the Egyptian Stock Exchange.
Year 2006 Realigning Resources
Recognizing the need to maximize operational efficiency, three CEOs were appointed to lead Raya’s three lines of business, taking the group’s operations to higher levels.
Year 2008 Expansion
Expanding Raya Group’s portfolio, Raya ventured into new markets of smart buildings’ development, leveraging on its strong IT expertise in smart buildings.
Year 2010 Portfolio Diversification
With a strong commitment to a portfolio diversification strategy, Raya Group launched two new subsidiaries, penetrating markets that add to Raya’s diversified portfolio. By 2010 & 2011, BariQ and Ostool were Raya’s newest subsidiaries.
Year 2013 Developing Market Re silence
Despite the post-revolution deeply damaged economy, along with unstable political conditions, Raya Group managed to solidify strategies and explore new realms of business, following with its vigorous expansion plan.
Year 2015 Unlocking New Markets
Raya signed a contract with Makarony Polskie, a leading Polish Pasta manufacturer, to import Makarony Polskie and Sorenti pasta brands. Raya’s premium SARY tablet was launched in November recorded to be the first in Egypt to run on Windows 10.
Year 2016 Ground Work For Future Success
Launching 3 new lines of business; Raya Foods, Raya Manufacturing & Exports, and Aman E-Payment and Aman for Financial Services.