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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.
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 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.
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.
Medhat Khalil appeal against the fine
Company aims to establish another securitisation process of EGP 700m, says Hossam Hussein
This is the first Developmental Financial Institution (DFI) to lend Raya since inception.
Company plans to hold talks with investments banks to resolve issue
Raya Trade, Raya Information Technology have reached proper size for offering, Khalil says
Company will negotiate to acquire minority stake in factory
We plan to rely on the solutions of Internet of Things, big data, and 4G technologies in 2017, says Abdel Rassoul
Deal included 5 million shares worth EGP 66.8m
Company aims at expanding to 100 branches during 2017
The preliminary contract’s initial value is estimated at EGP 80m
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 …
Brain drain, government bureaucracy, and the dollar shortage are the main challenges facing the market
We are currently focused on providing our services to banking and ICT sectors, says Abdel Rasoul
60% increase in distribution network, Raya will open Mega Store Nasr City branch, says Megahed
30m shares of company capital to be offered in private placement for financially solvent investors
Company aims to increase capital from EGP 420.5 to EGP 504.6