Corporate
Corporate News

Raya Holding Signs Business Sale Agreement of “BariQ” for 490.7 Million EGP

Medhat Khalil: The transition of ownership to  proficient investors  aims to maintain the company’s annual growth rates of 20%Ahmed Khalil: Exiting  the PET recycling industry came as part of Raya Holding’s strategy to achieve the highest possible value for our shareholdersHossam Hussein: We are completing all the necessary procedures  to ensure a smooth transfer of shares Raya Holding for Financial Investments announced that it has signed the business sale agreement of its subsidiary, BariQ for Advanced Manufacturing, with Intro for Waste Management, a subsidiary of Intro Group. The sale includes...

Raya Wins Two Awards in the 6TH Edition of “Egypt for the Best” Summit

In its sixth edition, the "Egypt for the Best” summit acknowledged both Raya Holding for Financial Investments and Raya Contact Center among top companies in the Egyptian Market 2020. Held under the auspices of H.E Prime Minister, Dr Mostafa Madbouly, the summit aimed to honour the top prominent figures and companies that positively impacted the Egyptian economy in 2020.  The summit, held by Amwal Al-Ghad magazine and Excellent Communications, was attended by several ministers and businessmen, including Minister of Trade and Industry Mrs Neveen Gamea - on behalf of H.E...

Testifying to the continuity of its leadership and accomplishments: Raya Holding classified among the Top 100 companies in Egypt

Under the patronage of Prime Ministry Dr. Mostafa Madbouly, Egypt Summit for the Top 100 Companies 5th Round awards Raya Holding for Financial Investment among Egypt’s top 100 companies with the leadership of Medhat Khalil, the Founder and Chairman & CEO of Raya Holding. The award ceremony was witnessed by HE Dr. Mohamed Al-Assar Minister of State for Military Production, HE Dr. Hala El Saeed the Minster of Planning, Monitoring and Administrative Reform, HE Dr. Nevine Kabbaj, Minister of Social Solidarity, HE Dr. Hisham Tawfik, Minister of Public Entrprise Sector,...

Raya Holding executes first EGP 500m securitisation

Raya Holding for Financial investment announced on Tuesday that three subsidiaries, Aman for Financial Services, Aman for Microfinance, and Raya Electronics, will issue secularization bonds, with a total value of EGP 500m. The Commercial International Bank – Egypt (CIB) acted as financial adviser and general coordinator for the issuance process, in addition to its role as guarantor of the initial public offering (IPO) coverage of the secularization process in cooperation with the National Bank of Egypt (NBE) as underwriter. Dreny & Partners law firm also acted as the legal adviser...

Raya sponsors TEDx Cairo

Cairo is a platform under the umbrella of TED organization that provides an opportunity for individuals to share “ideas worth spreading”. Talks vary in topics to include technology, innovation, and education featuring people telling their real-life experiences and learnings. TEDxCairo was held for the fifth year in 2016 at the Marquee Theater in Cairo Festival City, and it saw a turnout of over 1000 guests. Raya sponsored the event as part of raising awareness of the different Lines of Business (LOBs) and marketing Raya as an employer of choice. Representatives...

Board of Directors and CEO’s Strategist for 2020

The Board and CEO's consulted in a strategy session to set the strategy for Raya 2020. Building on the outcomes of the Management Seminar, the strategy session took all the opportunities further turning them into actionable plans. Over the course of the past four years, Raya underwent numerous expansion plans including adding new industries to the portfolio and opening locations outside Egypt.