A History of Excellence
Year 1999 Merger
Seven 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, and Distribution.
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 EGP 400 million was launched to list Raya Holding shares in the Egyptian 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 building 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 and 2011, BariQ and Ostool became Raya’s newest subsidiaries.
Year 2013 Developing Market Resilence
Despite the deeply damaged, post-revolution 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 Groundwork for Future Success
Launching three new lines of business; Raya Foods, Raya Manufacturing and Exports, and Aman E-Payment and Aman for Financial Services.
Year 2017 Conquering New Industries
Raya Auto was launched to invest in modern vehicle manufacturing in 2017, and Raya Contact Center shares began trading on the EGX after the completion of the IPO. Furthermore, Raya Foods was established through the acquisition of a 100% stake in International Union for Integrated Food Industries.
Year 2018 Expansion in the Financial Services Sector
Aman Microfinance is the first new company to obtain the license for microfinance projects in the Egyptian market. Raya Advanced Manufacturing commenced operations.
Year 2019 Pioneering Financial Ventures
Marking a milestone, the first securitized bond offering worth EGP 500 million set the stage for innovative financial ventures.
Year 2020 Strategic Acquisitions and Capital Growth
Building on success, a second securitized bond offering worth EGP 560 million coincided with the acquisition of 100% stakes in i2 and URC, fostering strategic growth and consolidation.
Year 2021 Dynamic Market Moves
Demonstrating adaptability, the divestment of BariQ for EGP 570 million was complemented by the acquisition of 85% of Gulf CX, alongside the successful third securitized bond offering worth EGP 585 million, reflecting a dynamic approach to market opportunities.
Year 2022 Driving Expansion
Raya Holding solidified its position by acquiring an additional c. 10.3% of Raya Electric, culminating in sole ownership and control over the entity.
Year 2023 Sustainable Growth and Market Leadership
Fueling growth, a series of bond offerings totaling EGP 2,410 million affirmed sustained market dominance and capital expansion, underpinning a trajectory of sustainable growth.
