Raya Holding

Investor Relations

Shareholding Structure as of Date 15/04/2019

Shareholder structure is the proportion of ownership and the percentage of voting rights held by different Shareholders.

  • Medhat Khalil & Family
  • Financial Holdings International
  • Al Taweel Family
  • Others


Shareholding Breakdown as of Date 15/04/2019

Shareholder breakdown is the analysis or classification of ownership.

  • Local Institutions
  • Foreign Institutions
  • Individuals

Stock Quote

Opening Price 5.09
Current Price 5.09
Change % -8.64
High 4.65
Low 4.63
Change +/- 0
Previous Close 4.63
Volume 1186
Turnover 5495.18

Stock Information

Reuters Code RAYA.CA
ISIN Code EGS690C1C010
Date of Listing 12 May 2005
Currency EGP
Authorized Capital 5,000,000,000 EGP
Issued and Paid-in Capital 1,071,997,595 EGP
Number of Common Shares 214,399,519 shares
Par Value 5 EGP

Stock Performance

Cash Dividends

Ex. Date Payment Date Dividend Amount Coupon Number
13/06/2019 18/06/2019 EGP 0.15 12
25/05/2017 29/05/2017 EGP 0.25 11
21/01/2016 26/01/2016 EGP 0.20 10
26/05/2015 28/05/2015 EGP 0.25 9
04/06/2013 06/06/2013 EGP 0.25 8
07/10/2012 09/10/2012 EGP 0.20 7
17/01/2012 19/01/2012 EGP 0.20 6
19/05/2010 23/05/2010 EGP 0.25 5
19/05/2009 21/05/2009 EGP 0.21 4
24/12/2007 26/12/2007 EGP 0.48 3
10/09/2007 12/09/2007 EGP 0.75 2
10/05/2007 14/05/2007 EGP 0.40 1

Stock Dividends

Record Data Effective Date Ex. Date Ratio
30/10/2018 13/02/2019 14/02/2019 1.0 : 0.7
01/02/2018 18/02/2018 19/02/2018 1.0 : 0.249615
16/06/2015 09/12/2015 10/12/2015 1.0 : 0.200
08/10/2013 30/12/2013 31/12/2013 1.0 : 0.153846
06/04/2011 25/07/2012 26/07/2012 1.0 : 0.033112
29/03/2010 14/09/2010 15/09/2010 1.0 : 0.091714
Change Year
close
keyboard_arrow_down

Disclosures

Reports 3 Months Standalone Results

Download PDF

Reports 3 Months Standalone Results

Download PDF

The board of directors' meeting minutes held on 14/05/2019

Download PDF

Referring to what was published under the title "Raya Holding is considering the issue of bonds worth 500 million pounds"

Download PDF

Release from Raya Holding For financial Investments Concerning the Investor Relations Officer

Download PDF

Resume of Trading on Raya Holding For financial Investments

Download PDF

Ordinary General meeting invitation held on 21 April 2018

Download PDF

New Investment disclosure

Download PDF

Ordinary and Extra Ordinary General meeting invitations held on 28 October 2017

Download PDF

Board of Directors meeting invitation on 7 September 2017

Download PDF

Board of Directors Meeting Invitation on 14 August 2017

Download PDF

Board of Directors Minutes of meeting (Ratified) on 29 May 2017

Download PDF

Financial position statement on 30 June 2017

Download PDF

Disclosure of entry of the Egyptian Gulf Bank as a shareholder in AMAN company, a subsidiary of Raya Holding

Download PDF

Board of Directors' meeting held on 14 November 2016

Download PDF

Disclosure of signing preliminary share purchase agreement of Lazah Factory

Download PDF

Invitation to the Board of Directors meeting on 14 November 2016

Download PDF

AMAN Press Release

Download PDF

Disclosure opening of second phase of subscription on 16 September 2014

Download PDF

Board of Directors meeting invitation on 18 September 2014

Download PDF

Disclosure date of publishing the call for second phase of the subscription capital increase of Raya Holding

Download PDF

Disclosure of closing the subscription of capital increase subscription of 100%

Download PDF

Shareholder Disclosure Form for Q3 2014

Download PDF

Disclosure on the establishment of a new company with capital of 100 million pounds

Download PDF

Shareholder Disclosure Form for Q3 2013

Download PDF

Disclosure Form

Download PDF

Disclosure Form

Download PDF

Earning Releases & Financial Statements

2019 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010

IR Events

Upcoming Events
20 Jun 19
Coming Next
Ordinary General Assembly Meeting & Extraordinary General Assembly Meeting
15 Aug 19
Announcement of Q2 results
9 Sep 19
EFG Hermes 9th annual London conference
Past Events
21 Apr 18
Raya Holding Ordinary General Meeting 11am – 12pm at Novotel 6 October

Board Of Directors

det1

Medhat Khalil

Raya Holding for Financial Investment - Chairman & CEO

Medhat Khalil has dedicated his career to realizing a vision: Raya Holding. After 15 years holding top management positions with IBM Egypt, Khalil founded the pioneering IT companies Protech and Oratech in 1993 and 1997 respectively. In 1998.

Protech and Oratech became two of the seven entities comprising Raya Holding. Medhat Khalil is a member of the National Sports Council, board member of the National Fund for Finance of Juniors, Youth, and Sports.

det1

Yasser Hashem

Zaki Hashem & Partners - Managing Partner

Yasser Hashem is the managing partner of Zaki Hashem & Partners, a leading Egyptian law firm established in 1953. The firm has around 80 lawyers with strong local and international legal background, and manages a large portfolio of multinational, and local clients.

Hashem specializes in the areas of corporate, mergers acquisitions, capital market and telecommunication.

det1

Malek Sultan

Watheeqa - Operations Manager

Malek Sultan is Watheeqa operations manager in Egypt and a board member representing Watheeqa in several of its investments in Egypt. With more than 10 years of experience in investments and IT, Sultan has led the arranging of several landmark deals in the IT, Real Estate Development and Financial sectors for major institutions in Egypt as well as Sudan, Kenya and Uganda.

Sultan is well versed in the restructuring process for maximizing the return of Private Equity deals. His latest deals yielded on the average 3x over an average vintage period of 3 years. He holds an MBA from Georgia State University with a concentration
in Finance and E-business and a BSc in Business Administration from Cairo University.

det1

Amr El Tawil

Triangle Group - CEO

Amr Eltawil returned to Egypt from the United States in 1993, with a degree from Texas A&M University and work experience as a construction manager for a real estate developer.

In Egypt, he applied his knowledge to expand his family business, Triangle Holding, into the fields of utilities, oil & gas projects and services, and construction engineering. Eltawil is known as an innovative entrepreneur and he is currently the
CEO of Triangle Holding.

det1

Seif Coutry

Capital Trust - Chairman

Coutry is a commercial and investment banking executive with more than 30 years of international and local professional banking experience. He also served as Advisor to the Minister of Finance of Egypt for tax administration reform and modernization for 30 months (2005-2007). Formerly, Chairman and Managing Director of United Bank of Egypt, after serving as VP and Director of Bank of America London, in charge of EMEA Private Banking.

Currently Mr. Coutry also serves as a board member in several corporations including Fawry for Banking & Technology Payment Services, The Egyptian Catering and Contracting Company, Tatweer for Financial Consultancy, Acquire Investment Company and Rameda Pharmaceuticals Company.

det1

Ashraf Mahmoud Kheireldin

First for Distribution & Trading - CEO

Ashraf Kheireldin earned his Bachelor of Business Administration from Cairo University in 1992. He was the sales manager of Protect from 1996 till 1998.

Kheireldin then became the owner & general manager of First for Distribution & Trading (agent of Vodafone). He is currently the chairman and CEO of First for Distribution & Trading (franchising partner of Vodafone).

det1

Ahmed Khalil

Raya Smart Buildings - CEO

Ahmed Khalil’s background entails sales, marketing and business development which he gained through his work in Microsoft Egypt.

Before joining Microsoft, Khalil gained extensive retail experience from running the family business, where he managed and developed a home-grown retail chain of fashion apparel stores. Khalil serves on the board of Raya Holding since 2008
as well as other leading companies such as Fawry Technologies and Rameda Pharmaceuticals.

He holds a BA in Business Administration, with a double concentration in Finance and Marketing, from the American
University in Cairo (2005) and an MBA from the Harvard Business School (2012), with a focus in Corporate Finance and Real Estate. Currently, Khailil is the CEO of Raya Smart Buildings.

det1

Samer El Waziri

Raya FMCG - CEO

Samer El Waziri currently holds the position of Raya FMCG CEO. El Waziri played a key role as part of the management team who has been achieving significant financial returns and building the company that is nowadays
considered one of the strongest IT and Telecommunications companies in the region.

Previously and until December 2005, El Waziri held the position of Finance Director and Board Member of GlaxoSmithKline.
El Waziri has 29 years of experience in financial management, including the interpretation of financial data relevant
to manufacturing and marketing, evaluation and general coordination of corporate investment decisions and
strategic planning.

El Waziri holds a Bachelor of Commerce from Cairo University.
Mr. Waziri also obtained a management diploma from Harvard Business School.

det1

Hamed Shamma

Board Member

Professor Hamed M. Shamma is the BP Endowed Chair and Associate Professor of Marketing at the School of Business, at The American University in Cairo. With practical and theoretical implications, Shamma co-authored the first Arab Word Edition of Marketing Management, the most widely used marketing book in graduate business schools worldwide.

Having received his PhD in Marketing from the George Washington University in 2007, Shamma is superiorly informed about corporate marketing and strategic brand management. He also holds a Bachelor’s of Arts in Business Administration in 1999 and an MBA with a double concentration in Marketing and International Business from the AUC in 2002.

Shamma started his career with extensive corporate experience at Orange, the leading mobile phone operator in Egypt. Hence, Shamma was professionally involved with corporate performance assessment, analysis, forecasting, and budgeting.

He has also been actively involved in serving the business community. He consulted and provided training to various organizations, such as: the Ministry of Civil Aviation, the Ministry of Administrative Development, Eva Pharma, Orange Labs, Etisalat Misr, the International Advertising Association (IAA), and Flat 6 Labs.

Shamma received several international paper awards in several international conferences, including the 9th Annual World Congress of the Academy for Global Business Advancement in 2012 and the Annual Society for Marketing Advances Conference in 2006.

det1

Mostafa Mubarak

Board Member

Mostafa Mobarak graduated from The American University in Cairo (AUC) in 2005 with a Bachelor’s degree in Electronics Engineering, Majoring in Communication, and then he completed his Master’s in Business Administration Majoring in Finance and Strategic Management from the University of Pennsylvania in 2010.

Between the years 2005-2006 Mostafa started working as a Software Engineer at IBM and helped the newly established department win the outsourcing of a 125 Million dollars project, the department’s first. Then he worked from 2006-2007 as an economic researcher in Ministry of Trade and Industry, MINISTER’S TECHNICAL OFFICE. From 2007 to 2008, he started working as a Reserve Management Unit at the Central Bank of Egypt. In 2010, he moved to McKinsey & Company as an Engagement manager.
Mostafa Mubarak established Solera in the late 2013 and is currently Managing Partner. He has signed projects that reached more than 100 Million EGP.

det1

Sherif Kamel

Board Member

Sherif H Kamel is the Founding Dean of the school of business at the American University in Cairo and the President of the American Chamber of Commerce in Egypt. An education scholar, advisor, and management expert for more than 25 years, Kamel is an advocate of diversity, empowerment, inclusion and using a bottom-up leadership approach.

He served as director of the Regional IT Institute (1992-2001) and managed the training department of the Cabinet of Egypt Information and Decision Support Center. Hence, Kamel consults with government organizations and corporations, addressing organizational transformation, executive development, IT, management and strategy.

Kamel holds a PhD in information systems from the London School of Economics and Political Science. Nevertheless, he is the recipient of several honors for serving the IT community, including Conf-IRM (Canada), Cabinet of Egypt (2011), and IRMA USA (1999).

He is also a member of many associations:
- The AACSB International Middle East Advisory Council.
- Egypt-US Business Council.
- Eduniversal International Scientific Committee.
- A board member of Education for Employment.
- A non-executive board member of the Commercial International Bank (CIB) in Egypt.


Management Team

det1

Reem Assad

CEO – Raya Contact Center

After fifteen years of experience in information technology & financial services in the USA and managing her own IT consulting firm, Asaad returned back to Egypt and joined Raya Holding in 2005. In a few years, she managed to hold a number of multifaceted
positions in Raya Holding as IT Director; she was responsible for Raya IT strategy, including IT Infrastructure and Solutions Investments. In 2007 - 2012, she was the Corporate Communications Director heading the Investor Relations, Marketing and Corporate Communications departments.

Asaad was elected Corporate Secretary of the Board of Directors in 2007 to Present. Asaad was appointed the CEO of
Raya Data Center. She is a Certified Director & Corporate Governance Consultant from the International Finance
Corporation (IFC), she’s also a member in many associations:
- A Founder and Board Member of Egyptian Investor Relations
Association (EIRA).
- Member of the American Chamber of Commerce in Egypt
(ICT Core Committee Member).
- Member of the British Egyptian Business Association (BEBA).
- Member of the German-Arab Chamber of Industry and
Commerce (GACIC).
- Member of the Global Compact Network Egypt (GCNE) (Steering Committee Member).
- A Founder & Board Member of The Egyptian Directors &
Governance Association (EDGA).
- Member of the Chamber of Information Technology (CIT).
- Asaad graduated from the University of Houston in Texas in 1993
and conducted her higher, education studies at the
University of Texas.

Currently. Assad holds the position of the CEO of Raya Contact Center.

det1

Tamer Badrawi

CEO Ostool

Tamer Badrawi graduated from the AUC with a degree in Management & Construction Engineering in 1995. He then joined
(MAC) one of the factories of Oriental Weaver Group and assumed the role of senior export manager in charge of the
European & Russian market.

Tamer later went private in 2001 and set up C3, Egypt’s first outsource call center, where he assumed the role of founding
partner and managing director until the company was sold to Raya in 2009. From 2009 until 2010. Tamer joined Raya Holding
as the Director of Business Development until he set up the transportation line of business in Raya, OSTOOL Transport,
where he assumes the role of CEO.

det1

Mohamed Wahby

CEO - Aman for E-Payments

Mohamed Wahby was the CEO of Raya Social Media one of the newest subsidiaries of Raya Holding. Since its inception by the end of 2011, Raya Social Media has launched nassya.com, the first hyper-local social network in Egypt and the Arab world. Prior to Raya, Wahby has spent all of his professional career in the ICT sector in Egypt working for distinguished companies including Microsoft, IBM, The Bank of Nova Scotia and others in various positions including technology management, audience, and product marketing, and product development.

Wahby holds a bachelor degree in Engineering from Ain Shams University and a Master’s in Computer Science
from the University of Louisville. Currently, Wahby holds the position of the CEO of Aman for Financials Services a FINTECH Company that pledges a better quality of life to people through convenient, easy and available e-payment services.

Aman aspires to become the leading FINTECH company in the region, and envisions an ultimate Egyptian cash-less society with full financial inclusion, previously unattainable to masses of Egyptians.

det1

Hesham Abdel Rassoul

CEO - Raya IT

In his capacity as CEO, Hesham Abdel Rassoul holds an instrumental role in leading Raya’s Information Technology
a line of business to provide the ideal mix of technology solutions to meet the unique requirements of business operations.
Abdel Rassoul joined Raya in 1998.

With his strong track record, previously and until September 2007, he held the position of Raya Integration’s General Manager
& Director of Infrastructure where he developed a high caliber team that was responsible for designing and implementing solutions for all the Infrastructure projects.

Abdel Rassoul graduated from Engineering at Ain Shams University majoring in Telecommunications and is a member of the AmCham and BEBA associations.

det1

Hazem Abdelhady

Chief Human Resources and Corporate Services Officer – Raya Holding

Hazem is Raya Holding’s Chief Human Resources and Corporate Services Officer. He joined the Group in 2012 after 20 years of experience in the Banking and Hospitality sectors. His knowledge, experience and exposure spans Egypt and Africa.

In 2005 with the start of the banking sector reform, he managed the Central Bank of Egypt and The United Bank Human Resources modernization initiative. Before that he was the opening HR Director of Four Seasons Hotels & Resorts in Egypt; Egypt Regional Director of Training of Accor Hotels; and Director of Hilton Africa Training Center in Kenya.

Abdelhady holds a B.Sc. in Hotel Management and a Master of Public Administration from the American University in Cairo.

det1

Ahmed Khalil

CEO - Raya Restaurants & Raya Smart Buildings

Ahmed Khalil’s background entails sales, marketing and business development which he gained through his work in Microsoft Egypt.

Before joining Microsoft, Khalil gained extensive retail experience from running the family business, where he managed and developed a home-grown retail chain of fashion apparel stores. Khalil serves on the board of Raya Holding since 2008
as well as other leading companies such as Fawry Technologies and Rameda Pharmaceuticals.

He holds a BA in Business Administration, with a double concentration in Finance and Marketing, from the American
University in Cairo (2005) and an MBA from the Harvard Business School (2012), with a focus in Corporate Finance and Real Estate.
Currently, Khalil is the CEO of Raya Smart Buildings.

det1

Bassem Megahed

CEO - Raya Trade

In 2001, Bassem Megahed joined Raya Trade at a time when it was expanding rapidly across Egypt, and targeting to go regional as well. Megahed sprinted his way across the accounting functions excelling and developing plans and strategies that achieve seamless processes. By 2003 he was readily an accomplished accounting manager and his work was extended to the rest
of the financial function.

His sharp financial vision and dynamic style soundly supported Raya Trade’s racing growth and was an asset to the corporate
finance as a whole. By 2007 Megahed’s was chosen as the Director of Finance, where he since became a key player in the critical preparation of short and long-term financial plans and forecasts, analyzing and reporting the financial performance of the Trade line of business to the management board and Board of Directors.

Today, Megahed assumes the position of Raya Trade CEO. Bassem Megahed graduated in 1996 from the Faculty of Commerce in Cairo University and holds the General Management Diploma from Harvard Business School of Management.

det1

Usama Zaki

CEO - Bariq

Usama Zaki was appointed BariQ CEO in September 2014. With a career that started in Alcatel Italy as a Telecom System
Engineer and then joining the international leader group in the implementation of integrated transport and Metro systems, Ansaldo STS, Zaki was covering most of the projects phases from the conceptual and detailed design, installation, commissioning & startup to the operation and maintenance phase. Zaki has worked on several challenging projects such as Copenhagen Driverless Metro in Denmark, Dublin Light Rail Transit in Ireland, and Bresica Metro in Italy.

Zaki as well has assumed the position of the O&M Manager-Telecom system for the CPH metro. Zaki in 2005 has
started his career with Raya and has become the maintenance director for five years where he and his great team
succeeded to position Raya Maintenance as the leading consumer electronics after sales service provided in Egypt,
the Middle East and Africa.

det1

Samer El Waziri

CEO - Raya FMCG

Samer El Waziri currently holds the position of Raya FMCG CEO. El Waziri played a key role as part of the management team who has been achieving significant financial returns and building the company that is nowadays
considered one of the strongest IT and Telecommunications companies in the region.

Previously and until December 2005, El Waziri held the position of Finance Director and Board Member of GlaxoSmithKline.
El Waziri has 29 years of experience in financial management, including the interpretation of financial data relevant
to manufacturing and marketing, evaluation and general coordination of corporate investment decisions and
strategic planning.

El Waziri holds a Bachelor of Commerce from Cairo University.
Mr. Waziri also obtained a management diploma from Harvard Business School.

det1

Hazem Moghazi

CEO - Aman Financial Services And Aman Microfinance

In 1999, Hazem Moghazi joined Raya Trade at that time known as Protech.

Moghazi started his career at Raya as a network administrator in the Information Technology function, excelling and developing IT Systems and automation for the whole business, excelling his career in the IT till being promoted to the IT Director of the trade
line of business and being part of the success. By 2010 he had the responsibility of the logistics head beside the IT function
to translate the automation and development to the various logistics functions By 2013, he had the responsibility of the retail
function as Retail director, where he introduced the mega store concept as well as the installment concept and grow the number of stores to 100 stores including the franchise ones, achieving an excellent financial results in terms of revenues and profits.

By 2017, he had the responsibility to start a new line of business for Raya which is Aman Financial services and to act as a new CEO for this line of business, addressing the consumer finance and the micro finance through a wide network of retail stores. Hazem
Moghazi graduated in 1997 from the Faculty of Engineering in Ain shams University and holds the master in business administration
from RITI (2010) and hold the Advanced Management Diploma from Harvard Business School of Management.

det1

Hossam Hussein

CFO - Raya Holding

Hossam Hussein serves as the Chief Financial Officer of Raya Holding for financial investments. Hossam played a key role as part of the management team that helped to launch the shares of the holding company in the Egyptian Stock Exchange in 2005, which helped the company to start setting its objectives, which at present is one of the most important investment conglomerates in the Arab Republic of Egypt.

Hossam has 23 years of experience in financial management, short and long-term loan and financing, as well as interpretation and analysis of financial related data, financial analysis, cash management, financial investments, long-term financial planning, budget planning and overall coordination of corporate investment decisions and strategic planning.

In 1999 he joined the Raya Holding Group of Companies. He has held several positions, including Treasurer and credit controller Manager for Raya Holding and Financial Manager of Raya Algeria. He also served as head of the financial sectors of Raya Holding Company for Financial Investments and is responsible for investment management, investor relations, business planning, tax administration and financial management. Mr. Hossam worked to monitor the performance of all the companies in the Group through his work as head of the financial sectors in terms of monitoring the performance indicators and the extent of achieving the objectives of the company and its future plan and through his work on the development of strategic plans short and long term.

During this period he served as a board member for most of Raya Holding's subsidiaries.

Hossam holds a Bachelor of Commerce from Cairo University in 1995 and he received an MBA from the Arab Academy for Banking and Financial Sciences and a certificate from the International Finance Institute (US Treasury) in international finance, cash management and modern derivatives.


Board Committee

Subject to the disclosure and listing rules set by the Egyptian Stock Exchange (EGX) and approved by the Egyptian Capital Market Authority (CMA) under license number 273 dated 16/06/1999, Raya Holding complies with the code of best practices in corporate governance, financial reporting, disclosure regulations and listing rules.

With a strong commitment to abide by the highest standards of corporate governance, the board of directors (the “Board”) attributes strong emphasis to identifying and implementing appropriate corporate governance practices to ensure transparency, accountability and effective internal controls. Raya’s Board routinely meets at least four times annually to align and discuss the group’s business performance and strategy.

The Board reserves the right to discuss major strategic and financial decisions related to new investments, divestment decisions, approval of significant alliances, major capital investment transactions and the compensation of the executive management of the company. Under Raya’s Articles of Association, a Board election is held every three years, during which members may choose to run again. With a board performance evaluation, the elected Board’s biographical background and credentials are disclosed in the explanatory notes of the notice during the annual general meeting.

Corporate Governance

With a firm creed in sound corporate governance practices, Raya’s board of directors fulfills its responsibilities in accordance with the essential foundation of Raya’s corporate governance guidelines, committed to comply with the mandates of the Capital Markets Authority (‘CMA’) in Egypt. The Corporate Governance Committee periodically reviews the guidelines and proposes modifications to the Board for consideration as appropriate. Board meetings are held at the company headquarters upon the call of
the Board Chair or the demand of one third of the board members.

Under no circumstances should there be less than one meeting every quarter. Following the end of each fiscal year, the Board conducts an annual performance evaluation to assess the Board’s performance effectiveness overseen by the Corporate Governance Committee. The Nomination and Governance Committee is responsible for establishing evaluation criteria and implementing its process, as well as considering other corporate governance principles subject to consideration by the Board.

BOD Committees Purpose

  • The purpose of the committee is to assist the Board in ensuring that its composition, structure, policies and processes meet all relevant legal and regulatory requirements.
  • To strive to achieve global corporate governance best practices standards and to facilitate the Board and objective of increasing the long-term value of the company, recommending qualified directors and committee nominees to the Board.
  • To review HR policies.
  • To identify any additional skills and experiences that might be required to enhance the performance of the Board, to interview candidates and to recommend appointments to or removals from the Board.
  • To review the performance of any director seeking re-election at the forthcoming annual general meeting.
  • To ensure/monitor the implementation of the Corporate Governance Code and that all items are covered under all committees.

BOD Committees Authority

  • In order to fulfill its purpose, the committee shall have the following authorities and responsibilities:

Corporate Governance Committee The Audit Committee The Investment Committee The Remuneration Committee
Relations with Shareholders

The company maintains regular contact with shareholders, institutional investors, the financial community and the media through a structured investor relations program. The program includes regular formal announcements and publications relating to material events and financial results, a bi-annual institutional investors’ event as well as meetings with the chairman, chief executive officers and the chief financial officer. Private shareholders are also encouraged to attend the annual general meeting and to express their views and questions prior to the meeting, which is reported to the Board and responded to in the Chairman’s address.

Going Concern

After making inquiries, the directors consider that the company has adequate resources to continue operating for the foreseeable future. For this reason the going concern basis has been adopted in the program.


Contact Raya IR

Contact us at

Ahmed Nour Eldin Hassan
Investments and Investor relations
Tel: + (202) 38276000
Fax: + (202) 38276001

investor_relations@rayacorp.com


Or fill the following form