Latest in Tag: Raya Holding Highlight
Latest in Tag: Raya Holding
Raya Holding studies partial acquisition offer from international organisation in Aman
In an interview with Daily News Egypt, Khalil said that the branch in Aman’s contributions to the company’s total revenues amounted to about 15%, stressing the company’s plan to maximise its market share in the electronic payment market.
Raya Holding completes sales of BariQ for Advanced Industries in EGP 570m deal
This comes after Raya Holding agreed, at the end of last April, to the offer submitted by the Intro Company, owned by businessman, Mamdouh Abbas, to buy up to 100% of BariQ’s shares in a deal worth EGP 490.750m. Under the deal, Intro Waste Management bears dues from BariQ in the form of carried forward profits and financial transactions between sister companies under the umbrella of Raya Holding worth EGP 74.8m, which brings the total value of the concluded sale deal to EGP 570m.
Raya Holding invests EGP 50m in food service industry over 5 years
Lebanese restaurant Loris expands in Egypt through Raya
Raya Holding issues EGP 562m worth securitisation bonds
The securitisation bonds were issued through receipts, financial rights, and future payment dues guaranteed by various guarantees by three of the group’s subsidiaries, namely Raya Electronics, Aman for Financial Services, and Aman Microfinancing.
Raya Holding approves NBE acquisition offer for Aman minority stake
NBE to acquire 24% in two months, says Khalil
Raya Holding receives investment, acquisition offers for Bareeq Tech
In a press statement on Tuesday, Raya Holding added that the investment offers were aimed at accelerating the company’s growth process and increase its business volume. The acquisition bids came as part of efforts for a partial or total share in the company.
Raya Holding, BELAZ agree to promote Egypt-Belarus economic cooperation
Chairperson and Managing Director of Raya Holding Medhat Khalil said this partnership will contribute to moving forward the industrial, trade, and investment relations between the two countries.
Raya Holding receives British bid for 31% of Ostool
Raya added in a statement to the Egyptian Exchange that the company offered to acquire the 31% for EGP 133m and the board of directors of Raya Holding Group is scheduled to hold a meeting to discuss the offer submitted by the British company.
Raya Holding receives 24 domestic, foreign offers to acquire minority stake in Aman Holding
Among these institutions came 8 local financial entities operating in Egypt, in addition to 16 international foreign institutions, including major financing institutions and investment destinations.
Cairo Economic Court hands out EGP 110m fine to Raya Holding
Medhat Khalil appeal against the fine
Raya Holding executes first EGP 500m securitisation
Company aims to establish another securitisation process of EGP 700m, says Hossam Hussein
Raya Holding signs €5m loan agreement with EBRD
This is the first Developmental Financial Institution (DFI) to lend Raya since inception.
Raya Holding’s founder seeks bank finance to acquire 58% stake
Company plans to hold talks with investments banks to resolve issue
Raya Holding considers offering shares of two companies on EGX
Raya Trade, Raya Information Technology have reached proper size for offering, Khalil says
Raya Holding to invest $70m in agriculture factory in Uganda
Company will negotiate to acquire minority stake in factory
Raya sells 20% of Aman’s shares to GCB
We plan to rely on the solutions of Internet of Things, big data, and 4G technologies in 2017, says Abdel Rassoul
Raya Holding acquires Lazah for EGP 80m
Deal included 5 million shares worth EGP 66.8m
Raya Holding founds new company to provide instalments service
Company aims at expanding to 100 branches during 2017
Raya Holding to acquire International Union for Integrated Food Industries
The preliminary contract’s initial value is estimated at EGP 80m
Aman for electronic payments to start operations in September
Aman, a company recently founded by Raya Trade that is specialised in electronic payment solutions, will effectively launch in the Egyptian market in September, according to Basim Moujahid, CEO of Raya Trade, a subsidiary of Raya Holding. Aman aims to provide electronic payment solutions “from a new perspective”, thus enabling all kinds of users to …
Raya Holding to raise overseas profits share to 30% by 2017
Brain drain, government bureaucracy, and the dollar shortage are the main challenges facing the market
Raya IT contracts with state-owned bank for 500 ATMs at $10m
We are currently focused on providing our services to banking and ICT sectors, says Abdel Rasoul
Raya mulls contracting with Haier for local product distribution
60% increase in distribution network, Raya will open Mega Store Nasr City branch, says Megahed
Raya board approves offering 35m shares on EGX
30m shares of company capital to be offered in private placement for financially solvent investors
Raya Holding to discuss raising capital by EGP84.1m
Company aims to increase capital from EGP 420.5 to EGP 504.6