Raya Holding

Investor Relations

Shareholding Structure as of Date 31/12/2019

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 31/12/2019

Shareholder breakdown is the analysis or classification of ownership.

  • Local Institutions
  • Foreign Institutions
  • Individuals

Stock Quote

Opening Price 7.95
Current Price 7.90
Change % -0.63
High 7.94
Low 7.90
Change +/- -0.01
Previous Close 7.90
Volume 9108
Turnover 71956

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
12/12/2019 15/01/2020 EGP 0.19 14
15/07/2019 18/07/2019 EGP 0.24 13
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

Release from the Company concerning item No.5 of AGM to be held on 12/12/2019

Download PDF

The board of directors' meeting minutes held on 12/11/2019

Download PDF

Raya Holding announces its 1st securitized bond offering worth EGP 500 million

Download PDF

Raya Holding For financial Investments (RAYA.CA) Reports 6 Months Consolidated Results

Download PDF

Raya Holding For financial Investments (RAYA.CA) Reports 6 Months Standalone Results

Download PDF

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

2020 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010

IR Events

Upcoming Events
12 Dec 19
Coming Next
Ordinary General Assembly
Past Events
9 Sep 19
EFG Hermes 9th annual London conference

Board Of Directors

det1

Medhat Khalil

Chairman, Raya Holding for Financial Investment

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

Ahmed Khalil

CEO, Raya Holding for Financial Investment

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 Holding.

det1

Malek Sultan

Operations Manager, Watheeqa - Non-Executive Board Member

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

CEO, Triangle Group - Non-Executive Board Member

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

Chairman, Capital Trust - Non-Executive Board Member

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

CEO, First for Distribution & Trading - Non-Executive Board Member

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

Yasser Hashem

Managing Partner, Zaki Hashem & Partners - Non-Executive Board Member

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

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

Hamed Shamma

Non-Executive 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

Non-Executive 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

Non-Executive 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

Ahmed Khalil

CEO and Managing Director - Raya Holding

WORK EXPERIENCE

Mr. Ahmed Khalil currently serves as Raya Holding’s CEO and Managing Director. He brings in nearly 16 years of experience across the fields of sales, marketing and business development. Khalil gained extensive retail experience from running the family business, where he managed and developed a home-grown retail chain of fashion apparel stores.
After an intensive exposure with Microsoft Egypt, Mr. Khalil took the helm across Raya’ s recycling, food & beverage and real estate sectors where he developed the group’s recycling platform and then successfully established Raya F&B platform and expanded its principal chain, Ovio, into becoming one of Egypt’s most recognized dining options. In addition, he spearheaded the development and operation of Raya Smart Buildings and its flagship facility, Galleria 40, into becoming one of Cairo’s premier commercial developments.

EDUCATIONAL EXPERIENCE

Mr. Khalil graduated from the American University in Cairo in 2005 with a B.A. in Business Administration with a dual concentration in Finance and Marketing. Furthermore, he attained an MBA from Harvard Business School in 2012 with a focus in Corporate Finance and Real Estate.

RECOGNITION

Mr. Khalil has been serving on the board of Raya Holding since 2008 as well as previous membership of the boards of several leading companies such as Fawry and Rameda Pharmaceuticals. Mr. Khalil continues to serve on the boards of all of the group’s portfolio companies in addition to the Supervisory Board of Makarony Polski, the leading pasta manufacturer listed on Warsaw’s stock exchange.

det1

Hossam Hussein

CFO - Raya Holding

WORK EXPERIENCE

Hossam Hussein currently serves as the Chief Financial Officer of Raya Holding for Financial Investments where he is responsible for investment management, investor relations, business planning, tax administration and financial management. Additionally, his duties include monitoring the performance of all the companies in the Group in terms of performance indicators, the extent of achieving the objectives of the company and its future plan Hossam joined Raya Holding Group of Companies in 1999 where he has held several positions including: Treasurer and Credit Controller Manager for Raya Holding and Financial Manager of Raya Algeria. Hussein played a key role in the team that oversaw the IPO of Raya Holding in the Egyptian Stock Exchange in 2005.

Hossam possesses 23 years of experience in financial management, short and long-term loan and financing, as well as the interpretation and analysis of financial data, cash management, investments, long-term financial planning, budget planning and overall coordination of corporate investment decisions and strategy. During this period, he had also served as a board member for most of Raya Holding's subsidiaries.

EDUCATIONAL BACKGROUND

Hossam holds a Bachelor of Commerce from Cairo University in 1995, 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. Furthermore, Hussein is a graduate of the Advanced Management Program (AMP) at Harvard Business School in 2018.

det1

Hazem Abdelhady

Chief Human Resources and Corporate Services Officer – Raya Holding

WORK EXPERIENCE

Hazem Abdelhady is Raya Holding’s Chief Human Resources and Corporate Services Officer. Abdelhady joined Raya Holding in 2012 with 20 years of experience across the Banking and Hospitality sectors with a knowledge, experience and exposure spanning Egypt and Africa. In 2005, amid the start of the banking sector reform, Abdelhady managed the Central Bank of Egypt and The United Bank Human Resources modernization initiative. Prior to that, Abdelhady’s work experience includes serving as the Human Resources Director of Four Seasons Hotels & Resorts in Egypt, Regional Director of Training at Accor Hotels in Egypt and as Director of The Hilton Africa Training Center in Kenya.

EDUCATIONAL BACKGROUND

Abdelhady holds a Bachelor’s of Science (B.Sc.) in Hotel Management and a Masters of Public Administration (MPA) from the American University in Cairo.

det1

Mohamed Wahby

CEO - Aman for E-Payments

WORK EXPERIENCE

Mohamed Wahby currently serves as the CEO of AMAN E-Payments, a leading FINTECH Company that pledges a better quality of life to people through convenient, easy and available e-payment solutions. Prior to his role in AMAN, Wahby was the CEO of Raya Social Media, one of the newest subsidiaries of Raya Holding. Since its inception in 2011, Raya Social Media launched nassya.com, the first hyper-local social network in Egypt and the Arab world. Prior to Raya, Wahby 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.
Under Wahby’s leadership, 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 segments of Egypt’s population.

EDUCATIONAL BACKGROUND

Wahby holds a Bachelor’s Degree in Engineering from Ain Shams University and a Master’s in Computer Science from the University of Louisville. Wahby also holds an MBA from RITI, Maastricht School of Management in addition to graduating from the Advanced Management Program (AMP) at the Harvard Business School.

det1

Hazem Moghazi

CEO - Aman Financial Services And Aman Microfinance

WORK EXPERIENCE

Hazem Moghazi currently serves as CEO for both Aman Financial Services and Aman Microfinance which he helped found in 2017 and 2018 respectively. He had joined Raya Trade, previously known as Protech, in 1999. 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. Moghazi’s achievements led him to becoming the IT Director of the Trade line of business. By 2010, he had assumed the responsibilities of Logistics Head in addition to the IT function implementing automation and development across the various logistics functions. By 2013, Moghazi was appointed as the Retail Director, wherein he introduced the mega-store concept as well as the installments concept. In addition, Moghazi played a crucial role in growing the number of stores to 100 stores including the franchise ones, leading to excellent financial results in terms of revenues and profits.

EDUCATIONAL BACKGROUND

Hazem Moghazi graduated in 1997 from the Faculty of Engineering in Ain Shams University and obtained a Master’s in Business Administration MBA from RITI in 2010 along with completing the Advanced 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

Tamer Badrawi

CEO Ostool

WORK EXPERIENCE

Tamer Badrawi currently serves as CEO of Ostool after having joined Raya in 2010 as the Director of Business Development. Prior to joining Raya, Badrawi worked at MAC, one of the factories of Oriental Weaver Group and had assumed the role of Senior Export Manager and was responsible for the European and Russian market. In 2001, Badrawi founded 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.

EDUCATIONAL BACKGROUND

Badrawi graduated in 1995 from the American University in Cairo with a Bachelor’s Degree in Management and Construction Engineering.

det1

Ahmed Refky

CEO - Raya Contact Center

WORK EXPERIENCE

Ahmed Refky currently serves as the CEO of Raya Contact Center with a proven track record in guiding successful businesses by providing strategic vision, and enterprise leadership.

Previously, Refky was Managing Partner and Co-Founder of Planovate, a Florida based consulting practice, specializing in management and business turnarounds, startups, growth management, global expansions, Information Management, and business process outsourcing. Prior to that, he served as the Managing Partner and Co-Founder of Nutri Selections, specialized in sourcing premium quality private label food and beverages products to the U.S. Market. Refky managed to create “THE FRUIT JUICE” brand, and successfully penetrated several geographic locations nationwide.
Additionally, Refky was the Country Manager of Convergys in Egypt, setting up their new subsidiary. Before joining Convergys, he served as the Senior Vice President and a founding member of Xceed, a global BPO service provider. For a decade, and since its inception, Refky was responsible for defining and leading the implementation of Xceed's vision and strategy. His efforts allowed the company to exploit new geographic markets and verticals, witnessing more than 50% annual growth since its inception, soaring to be among the global 100 players in 2009 and 2010. He played a key role in pulling force to the whole call center/BPO industry in Egypt and helped position Egypt as one of the top destinations in the BPO industry. Prior to joining Xceed, he was the Regional IT Director and a member of the Global IS Steering Committee for ABB, a global leader in power and automation technologies.

Refky is known for his revenue and profitability growth abilities, as well as his versatility in starting up and turning around businesses in different industries. His strong business experience has equipped him to run businesses globally across different cultures. Refky is a dynamic, innovative, results-driven leader with a strong track record of performance in turnaround and high-paced global organizations. He has a great ability to advise, coach, shape strategies, and lead teams to achieve results by utilizing keen analysis, insights and team approach to drive organizational improvements. He possesses superior interpersonal skills, is capable of resolving multiple complex issues and motivating teams to peak performance.

EDUCATIONAL BACKGROUND

Ahmed Refky holds a B.Sc. degree in Computer and Automatic Control along with continuing education across several institutes including the International Institute for Management Development (IMD), in Lausanne, Switzerland.

det1

Omar Abdelaziz

CEO -Raya Foods

WORK EXPERIENCE

Omar Abdel Aziz has been serving as The Chief Executive Officer of Raya Foods since June 2019. Prior to that, Omar had been serving as the Chief Commercial Officer for Raya Foods where he oversaw the growth of the company’s product portfolio as well as its expansion across various export markets. He joined Raya Holding in 2016 as a Senior Business Development Manager where he spearheaded the company’s acquisition of the International Union for Integrated Food Industries’ factory in Sadat City and its rehabilitation. Abdel Aziz has also served at ABB as a Business Development Manager and as a Senior Management Consultant with Deloitte after a stint with the Central Bank of Egypt as Senior Investment Associate.

EDUCATIONAL BACKGROUND

Abdel Aziz holds an MBA in Strategy from Georgetown University’s McDonough School of Business as well as a Bachelor of Science in Construction Engineering from the American University in Cairo.

det1

Hesham Abdel Rassoul

CEO - Raya Information Technology

WORK EXPERIENCE

Hesham Abdel Rassoul is the current CEO of Raya Information Technology (IT) where he has an instrumental role in leading this 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 and held the position of Raya Integrations’ General Manager and Director of Infrastructure until September 2007. With his strong track record, he developed a high caliber team that was responsible for designing and implementing solutions for all the Infrastructure projects.

EDUCATIONAL BACKGROUND

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

det1

Gamal Hussein

CEO - Raya FMCG

WORK EXPERIENCE

Gamal Hussein is the current CEO of Raya FMCG, a subsidiary of Raya Holding. Hussein joined Raya 21 years ago as Operations Manager. During this period, Hussein held senior positions in different areas in Raya such as Retail and Customer Care Manager, Marketing Manager, Logistics and Administration Director and Business Development Director across different LOBs in different industries such as IT, telecommunications and retail. Prior to that, Hussein’s work experience includes several positions in companies such as Nestle, Jemma Group (Ezz Group), Maghrabi Group and GMC Group.

EDUCATIONAL BACKGROUND

Hussein holds an MBA from Maastricht University – Netherlands.

RECOGNITION

Hussein is a member in some organizations such as Who and Middle East Retail Academy.

det1

Karim Khalife

CEO - Raya Restaurants

WORK EXPERIENCE

Karim Khalife is the current CEO of Raya Restaurants with a long history of entrepreneurship and involvement in the hospitality field. With more than 20 years of experience across various industry leaders, Khalife worked in every facet of the hospitality sector. His career encompasses managerial and executive positions with InterContinental Hotels Group (IHG), International Restaurants Group (IRG), and Watheeqa Investment Company (WIC). He has excelled by focusing on key areas of expertise: selection and finalization of business concept, strategic management, due diligence and hospitality contract management, business expansions, mergers & acquisitions, manpower, recruitment, coaching, organizational restructuring etc.
Khalife has he been a key contributor to the initiation, launching and success of several hotels and restaurants in Africa and the Middle East. He has also founded and managed the Cairo-based catering concept Kitchen Moves which targets corporations, schools and individuals, with a service offering ranging from managing cafeterias, to executive coffee breaks, lunches, dinners as well as private events.

Khalife offered consulting services to startups, companies and investors, helping them in (1) setting up and developing their businesses in the fields of hotels, restaurants and retail; (2) identifying investment opportunities, while creating high quality financial models to translate conceptual business models into profit-making businesses; and (3) developing brands with a view to penetrate the Middle Eastern and African markets. As such, Khalife has developed an excellent awareness of the business ecosystem and an exceptional ability to think global while acting with an understanding of the region’s specifics.
Staying true to his culture of entrepreneurship and leadership, Karim seeks to achieve, motivate, inspire and share his skills, knowledge and experience through offering mentoring sessions to startups.

EDUCATIONAL BACKGROUND
Khalife holds a Master’s in Business Administration (MBA) from the Universities of Paris Dauphine and Paris 1 Panthéon-Sorbonne in France. He had graduated from the Glion Hotel School in Switzerland with a Bachelor of Science (BSc) in Hospitality and Tourism Management as well as holding a BSc in Hospitality Management from the University of Wales in England.

RECOGNITION
Karim is an active member in several organizations such as serving as a Board Member of the Egyptian Lebanese Businessmen Association in Egypt where he has played a prominent role as Event Organizer and Keynote Speaker.

det1

Ahmed Ibrahim

CEO – Raya Smart Buildings

WORK EXPERIENCE

Ahmed Ibrahim currently serves as CEO of Raya Smart Buildings with over 20 years of progressive experience in the roles of Finance Director, COO and CEO. Ibrahim began his career in the distribution industry before moving to Raya Trade at the time when it was expanding rapidly across Egypt and Nigeria. Afterwards, he accepted a new challenge in the Business Process Outsourcing (BPO) industry by joining Raya Contact Center where he spent almost three successful years in restructuring the finance department. Later, Ibrahim was part of the Raya Restaurants team that created one of Raya’s leading brands ‘Ovio’ that currently competes with international F&B brands.

Ibrahim possesses wealth of experience in hands-on review of operational and financial data, identifying opportunities to improve both revenue and profit, and implement the changes to achieve real results. Ibrahim has been responsible for finance department reorganization and improvement, short/long term financial and business planning, comprehensive budgeting and cash flow modelling, operational and financial reporting, banking and treasury, capital venture and private equity for small and medium business, IT implementation and management, optimizing multi-site operations, and managing different hubs. In addition to his financial skills, Ibrahim has extensive management experience and skills including staff team building, management communication, and board and investor relation.

EDUCATIONAL BACKGROUND

Ibrahim holds a Bachelor of Commerce from Ain Shams University in 1999. Additionally he holds a Master Degree in Business Administration from ESLSCA Business School. Ibrahim is also a chartered accountant with a CMA designation since 2010.

det1

Bassem Megahed

CEO - Raya Trade

WORK EXPERIENCE

Bassem Megahed currently serves as the CEO of Raya Trade. He joined Raya in 2001 while the company was expanding rapidly across Egypt and regionally as well. Megahed grew rapidly within Raya across various accounting functions while excelling and developing plans and strategies that achieve seamless processes. By 2003, he had become 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 rapid growth and was an asset to the corporate finance function as a whole. By 2007, Megahed was chosen as the Director Head of Finance at Raya Trade, where he has since continued as a key player in the critical preparation of short and long-term financial plans and forecasts, analyzing and reporting the financial performance of Raya Trade to the management and Board of Directors.

EDUCATIONAL BACKGROUND

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

Mohamed El Naggar

CEO - Raya Auto

WORK EXPERIENCE

Mohamed El Naggar has been serving as the CEO of Raya Advanced Manufacturing since November 2019. With a 15 year proven track record in growing different lines of businesses across Raya Group. El Naggar has been one of the main pillars that shaped the business of Raya Contact Center (RCC), where he led the company to penetrate new markets across EMEA and signed multiple agreements with strategic global customers. In 2011, he had acquired the responsibility of leading different sectors in Raya IT sales organization where he managed to grow the business to new records and position Raya IT as the preferred partner for digital transformation.

El Naggar’s achievements were evident in every position he held. His contribution to commercial growth and development of different strategies to build a sustainable business across different LOBs has been an essential aspect of Raya’s success.

EDUCATIONAL BACKGROUND

El Naggar holds a Bachelor’s Degree in Business Administration from Misr International University, along with a Master’s in International Trade from the University of Wales and a Leadership Diploma from London Business School (LBS). In 2020, El Naggar graduated from Harvard Business School after completing the General Management Program (GMP).


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.

Corporate Governance Framework

Audit Committee Charter Board of Directors & Management Securities Trading Policy Board of Directors Charter Code of Ethics and Business Conduct Corporate Citizenship Policy Corporate Governance Framework Disclosure Policy Gender Equality Policy Information Technology Governance Policy Nomination Committee Charter Related Party Transactions Policy Remuneration Committee Charter Risk Management Policy Whistle Blowing Policy
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