Raya Holding announces official participation in COP27

(Cairo – November 2022)

Raya Holding for financial investments has announced its participation in COP 27 to be held in Sharm el-Sheikh from Nov 6 – Nov 18, in a side event addressing the green economy and the role of public and private sector actors to achieve environmental sustainability and to mitigate climate change in Egypt and Africa.

Osama Zaki, CEO of the Manufacturing Sector at Raya Holding, and Hazem Moghazy, CEO of Aman Holding, Raya’s financial line of business, will take part as speakers at the event that will convene high-level national and international attendees from relevant authorities, ministries, NGOs, and financing bodies.

Raya’s participation in the event scheduled on Thursday, Nov 8 in the Blue Zone, aligns with its strategy that supports green transformation. It also follows its previous fruitful involvement in COP26, which took place in Glasgow in 2021. In Cop 26, Raya Holding took part as one of the biggest Egyptian conglomerates that contribute to the efforts of sustainability and green transformation in two side events hosted by the Ministry of International Cooperation, the Egyptian Ministry of Environment, and The Ministry of Trade and Industry.

Ahmed Khalil, CEO of Raya Holding for Financial Investments, said “we are proud to take part in the international event. Raya believes that addressing climate crises requires solidarity and a deep sense of responsibility from all actors in both public and private sectors. Meanwhile, the vast scope of Raya holding’s investments in various fields puts a great responsibility on our shoulders and position us to take all measures to preserve the environment and to achieve sustainability and promote green transformation in various industries.”

Hazem Moghazy, CEO of Aman Holding, Raya’s financial line of business “Through its subsidiaries, practices, partnership, Raya is keen to reduce its environmental footprint, and introduce multiple solutions aimed at achieving green transformation. Our environment-focused efforts are at the core of Raya Holding strategy and also are part of our commitments to the environmental governance and sustainability goals as a listed company in EGX. Moreover, the environmental dimension is among the top priorities of Raya Holding’s Sustainability Committee established in 2022,” Khalil Added.

Moghazy has voiced his enthusiasm for the participation. “we are pleased to showcase Raya’s contributions to green transformation efforts, particularly through Aman, Raya’s financial arm. Aman sincerely strives to finance eco-friendly actions, which directly help reduce carbon emissions. Among other efforts, Aman has recently financed the conversion of nearly 4000 petrol-powered vehicles to work on natural gas. The company also views its plans to further introduce green microfinance solutions as a top priority, as it is a powerful tool to mitigate climate change,” he said.

Osama Zaki said: “the wide range of industries in which Raya is involved – alongside its expanded experience in various fields of business – makes great room for Raya to introduce solutions aimed at achieving environmental sustainability at multiple levels. Besides, Public-private partnership is essential. Governments alone cannot achieve environmental sustainability–and here comes the key role of private sectors; especially in fields such as green microfinance, by which environmental sustainability can be a way of life for citizens.”

“Such a significant event provides an opportunity to address the essential policies and actions required to achieve environmental sustainability. It is also a splendid chance to introduce and discuss visions that require cooperation from all parties; including ministries, funding bodies, and other stakeholders. Besides, it is an ideal opportunity to build productive partnerships and to underline the leading role of Egypt in the African continent through showcasing successful examples of Egyptian cooperation with African partners,” Zaki added.